Just Mortgages comments on BoE MPC decision

17 September 2026

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

“Even with the news on inflation yesterday, a hold feels like the right call for now. For how much longer though is the crucial question. There seems to be no sign of peace or even a truce in the Iran war and while oil prices have eased slightly overnight, they still remain very high and a key driver of inflationary fears. This all feeds into borrowing costs and the volatility in swap rates, helping explain the activity we’ve been seeing from lenders recently. We have to be conscious of the fact that the impact of this conflict will likely feed through for the remainder of the year – even if a resolution is somehow achieved.

“It’s been encouraging to see there are still clients making moves. Alongside a modest jump in buyer registrations and listings so far in September, we are seeing clients reviewing their mortgage options. While there are those needing to make moves, there are those asking the question – perhaps for the first time – about what it means for them and their circumstances. While rates are changeable, there is still plenty of money out there in the market and lenders willing to lend – particularly as we edge closer to their end of year targets. That fact alone could very well encourage some positive activity. Quality advice is absolutely crucial right now and it’s up to us to remind potential borrowers of that.”