Just Mortgages comments on CPI inflation data

18 February 2026

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

“It’s positive to see inflation rebound from its seasonal blip and return to its downward trajectory. While still higher than the 2% target, inflation seems to be performing as the central bank expects. All eyes are now on next month’s MPC decision as the central bank responds to this news, as well as the recent rise in unemployment and sluggish economic growth. While opinion is still split on how far cuts will go this year, there is increasing optimism around a cut in March, which would be great news for borrowers.

“January provided a strong start to the year and that has continued into February with robust buyer registrations and increasing demand for both valuations and mortgage appointments. Even with half-term disruptions, we’re looking at a really positive month as buyers get plans back on track - buoyed by high levels of product choice and continued innovation. As this momentum continues, brokers play a critical role in demonstrating to new and potential borrowers what the market has to offer, leveraging their deep knowledge and partnerships with a broad range of lenders to help clients achieve their ambitions.”