Just Mortgages comments on CPI inflation data

17 September 2025

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

“Inflation holding steady will have certainly caught many by surprise, as the general consensus was we would see inflation reach double the Bank of England’s target. While this is unexpected and certainly positive news, I still don’t think I’d be planning a rate cutting party for tomorrow. But what it could mean is far better odds for a change in November which had recently seemed off the cards.

“Despite the economy flatlining in July, inflation is still proving particularly stubborn, along with pretty fierce headwinds caused by both global and domestic pressures. As a result, managing inflation still wins the Bank of England’s tug of war instead of stimulating the economy – for now at least.

“Nonetheless, we have seen a good start to September with positive activity across all areas of our business - whether that’s buyer registrations, valuation requests or mortgage appointments. It shows that despite the pressures households are facing, there is still appetite to push on with plans to buy or sell. Key to this is the proactive approach of brokers to stay visible and support clients in navigating the market and their options. No matter what happens to inflation or interest rates, this must remain a priority.”