Propertymark CEO Nathan Emerson responds to the March 2025Money and Credit Report from the Bank of England.
As the global economy continues to react to different events, many people are acutely aware there could be challenges ahead regarding overall affordability when approaching the buying and selling process.
We are starting to see more competitive mortgage deals from certain key lenders, but the eligibility criteria in some cases remains tight.
It remains vital inflation stays on a pathway that keeps it as close to the Bank of England’s initial target of 2 per cent as possible.
Although there are hints that we may witness various base rate cuts as the year progresses from international bodies, it remains prevalent to consider such cuts will only happen when conditions permit.
