Just Mortgages comment on MPC decision

30 April 2026

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

“The decision to hold rates today will come as a relief to many, particularly given the shadow of uncertainty that continues to hang over markets following recent geopolitical tensions. There had been concern that rising pressure on inflation and energy prices could force a more hawkish response from the Bank, so a hold should help steady some nerves for now.

“That said, it does little to remove the uncertainty around where rates go next. Markets are still trying to assess how prolonged global disruption could impact inflation and whether that risks slowing or even reversing the current direction of travel for rates. Borrowers are increasingly aware that expectations can shift very quickly and that is feeding into decision-making.

“Despite that backdrop, we are seeing good level of activity across our network. Clients are continuing to move forward with purchases, remortgages and protection conversations, but they are taking a more proactive approach and seeking advice earlier in the process. That is helping drive business and speed up decisions where clients want certainty before products change or affordability shifts further.

“It’s another reminder of the value brokers bring in uncertain conditions. Lender pricing and criteria move quickly in these moments and clients need support to understand their options and act when opportunities arise.”