Just Mortgages comments on CPI Inflation

21 January 2026

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

“A jump in inflation in December may not be too much cause for concern, so long as it is a seasonal blip and not the start of inflation rising. It is hoped that once the Christmas effect works its way through, we see a return to the good progress made on easing inflation. Without another update until after the MPC decision in early February, this will be the central bank’s most recent reference point. Add in continued geopolitical and economic uncertainty, and I’d be surprised to see anything but a hold when the bank next meets in a couple of weeks.

“Nonetheless, the mortgage market has started 2026 with a spring in its step, as the pent-up demand of Q3&4 begins to release. There’s plenty for brokers to shout about at the moment with rates cut across all parts of the market and access to the most mortgage products since 2007 – particularly for first-time buyers. Lenders stand ready and willing to lend – brokers are ready to help buyers and movers navigate the market. It’s up to us to keep nurturing confidence and encouraging clients to push on with plans. We of course don’t know how the year will play out – particularly as President Trump continues to try and stake his claim to more territories and throw around more tariffs – but there’s definitely scope for more positive news in the mortgage market as the year progresses.”