Tag: Phoebus Software
The hub is based in separate offices to Phoebus’ main headquarters and has a dedicated team.
Mortgage approvals increased to 67,300 in July, however this remains within the narrow range seen over the past two years.
Gross mortgage lending across the residential market in July 2019 was £26.1bn, 2.9% higher than the same month in 2018 and the highest since March 2016.
Net mortgage borrowing by households was £3.7bn, close to the average of the previous three years.
Paul Hunt (pictured) will remain as chief executive.
There were 5,100 new buy-to-let house purchase mortgages completed in April, the same as this time last year.
The number of approvals for remortgaging was broadly unchanged, at around 49,400.
The number of mortgages approved by the main high street banks in January 2019 was 0.3% higher than the same month the previous year; approvals for home purchase were 1.5% higher; remortgage approvals were 3.1% lower and approvals for other secured borrowing up 6.8%.
The Committee also voted unanimously to maintain the stock of UK government bond purchases.
The deal will involve an initial migration of around £4.2bn of mortgage assets from Computershare Loan Services’ UNISYS platform.