Hope Capital comment on the Bank of England stats

29 March 2022

Jonathan Sealey, CEO at specialist lender Hope Capital, said: “As mortgage approvals fell from 73,800 in January to 71,000 in February, the statistics recorded last month were still 7% higher than the pre-pandemic average.

“The main concern continues to be the rise in inflation and the impact this will have on the housing market in the coming months. However, on a positive note, while there was a small dip in February, the increase compared to February 2020, shows that there is still an appetite from people who want to create investment opportunities.

“Many things are out of our control at present, however with the market still remaining buoyant, the best thing we can do as a lender is to create solutions which reflect the demands and needs of brokers and borrowers.”

To find out more about Hope Capital call 0151 523 5998 or email: hello@hope-capital.co.uk