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Movera comments on BOE Money & Credit data
29 October 2025
Mark Tosetti, CEO of CAL (part of Movera), commented:
“An uptick in net borrowing and slight increase in net mortgage approvals indicates that there is still strong demand in the market and that we have emerged, tentatively from a slow summer. But the looming Autumn Budget is clearly continuing to put a damper on consumer confidence, with the latest data from Zoopla - released earlier this week - suggesting buyer demand is down 8% compared with last year and sales agreed have fallen by 3%.
“However, as inflation fell short of the Bank of England’s 4% forecast this month, the MPC’s base rate decision next week could provide a lifeline for the sector and generate some more attractive interest rates from lenders.”
