David Morris, Head of Homes, Santander UK comments on Rightmove's House Price Index data

19 May 2025

David Morris, Head of Homes at Santander UK said

“Today’s buyers will be eagerly watching the broader interest rate market, and with further projected Bank of England base rate cuts in 2025 it’s natural that we’ll see a slowdown in buyer activity as many attempt to time the market and secure the lowest possible mortgage rate. However, what is clear both from the split decision from the MPC and the recent bouncing around of swap rates is that the market remains sensitive to wider global economic factors. The increased availability of sub-4% rates, improved affordability and the volume of properties coming to the market means that buyers should be guided more by their own circumstances, and those who have found their dream home and are ready to go, should feel confident to push ahead with their homeownership journey.”