Quite unbelievable that this is my last column of the year, where has the time gone? It's been a busy year but at the same time, frustrating, testing, enjoyable and thankfully full of both hope and opportunities.
As we shut the door on 2014, we look forward to next year and the promise of good things that lay ahead.
We have a new housing minister (again!) who looks like he may understand our markets and could be the right man for the job. The housing market itself is vastly under delivering the number of properties actually needed, so house building and growth in 2015 will have to be on the increase.
The new Mortgage Market Review regulations have settled down and are now a daily part of our lives. We look forward to the next big thing to impact our lifestyles - the EU Mortgage Directive, due in 2016! And, of course, we have the Election just round the corner. Exciting times!
However, lending for 2014 is expected to reach circa £200bn. Many mortgage pundits are expecting this to increase to £225bn in 2015, an increase of 12% (+). This will ensure lenders remain competitive to attract new business and meet targets and this can only be a good thing for the end customer.
Finally, a heartfelt thank you for reading my column. I've enjoyed providing a (hopefully) unbiased weekly insight to what happens behind the scenes in the mortgage market. What an eventful year it has been to report on!
Thank you to everyone who has instructed AToM to source and arrange their mortgage during the past twelve months. It has been a fantastic year and we have enjoyed growth in both volume, November saw more than £24.5m in new applications and staff numbers, with our headcount now over 25 between our two Horsham offices! They are a great team.
On behalf of all the staff and directors at AToM, we wish you and your families a very Happy Christmas and a Relaxing and Prosperous New Year!