Just Mortgages comments on CPI Inflation

22 April 2026

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

“As predicted, inflation has gone up in March but perhaps, not as high as many would have expected. There’s no doubt that this is still very much in our future with the conflict still ongoing and both oil and commodity prices feeling the effect. Right now, the illusive 2% target feels like a pipedream with inflation set to travel further in the wrong direction. What this means to the bank rate is yet to be seen. Any plans for a rate cutting party next week should be firmly on ice. If anything, we’ll just be grateful to avoid any hikes.

“While we’re certainly feeling it at the petrol pumps, the conflict in Iran hasn’t seemed to slow down movers and buyers – neither has the Easter half-term disruption. We are still posting really positive numbers for buyer registrations, valuation requests and for mortgage appointments. While remortgages continue to drive activity, we are still seeing really encouraging purchase numbers. It comes down to controlling what we can control and for advisers, that means being present and visible, staying in close contact with customers and lenders, and delivering that five-star service for those looking to navigate the market.”