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BoE interest rate increase comment from Access FS
15 December 2022
Karl Wilkinson, CEO at Access Financial Services said:
“I’m sure the focus will be on the fact that this is a ninth successive interest rate increase but, there are reasons to be positive.
“It is encouraging to see signs that inflation is easing with a drop to 10.7% in November.
“The UK housing market remains robust and the attention must remain on helping customers achieve good outcomes in line with Consumer Duty.
“Borrowers will need to be cautious and seek professional advice from mortgage brokers to ensure they get the loan for their circumstances. Lenders also need to adopt sensible lending policies so that the danger of rises in repossessions can be averted.”
