Just Mortgages comments on CPI Inflation figures

16 April 2025

John Phillips, CEO of Just Mortgages and Spicerhaart, said:

“While positive and better than many expected, it’s still hard not to see today’s news of another fall in inflation as a bit of a hollow victory, given that the new financial year brings new tax changes and price hikes which will undoubtedly add fuel to the inflationary fire. That’s not even considering any potential fallout from a tit-for-tat tariff war which rumbles on.

“What is good news is that a positive reading on inflation is likely to help influence the MPC’s decision next month on interest rates, as will the need to stimulate growth amid the threat of economic uncertainty. With expectations of a cut, we have already seen swap rates react favourably and lenders across the board announce reductions. With so much in play and plenty of headwinds – both at home and abroad - it’s hard to predict with any great certainty how long this trend will continue. One of the biggest factors will continue to be the future path of inflation and how this shifts the bank’s expectations on future interest rates.

“What we do know is consumers are the winners of increasing competition among lenders. Even at a time of the year full of distractions and disruption, our buyer registration numbers, valuation requests and booked appointment numbers remain pretty robust. Meanwhile, the best brokers are staying close to clients, keeping them abreast of changes in the market and using their skills and expertise to deliver a five-star service. No matter what, this has to remain the priority.”