Our monthly Money and Credit statistical release is made up of three parts: broad money and credit, lending to individual and lending to businesses.
As the global economy continues to react to different events, many people are acutely aware there could be challenges ahead regarding overall affordability when approaching the buying and selling process. We are starting to see more competitive mortgage deals from certain key lenders, but the eligibility criteria in some cases remains tight.
It remains vital inflation stays on a pathway that keeps it as close to the Bank of England’s initial target of 2 per cent as possible. Although there are hints that we may witness various base rate cuts as the year progresses from international bodies, it remains prevalent to consider such cuts will only happen when conditions permit.
Nathan Emerson is the CEO of Propertymark, the UK's leading membership body for the residential property sector with over 17,800 members who display the Propertymark Protected logo. A member of NAEA Propertymark, ARLA Propertymark, and NAEA Commercial, Nathan has significant experience in agency and has also worked as a consultant with a variety of clients.
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Etienne Martin
