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MPC Comment from John Philips - Just Mortgages
23 March 2023
John Philips, Operations Director at Just Mortgages commented, “This latest 0.25% rise may feel like a step in the wrong direction for the mortgage market but it’s widely accepted to be a necessary step in the battle to curb inflation. Although the base rate has gone up we have seen mortgage prices falling in recent months and customer enquires to our brokers across the country have been remarkably robust since the start of the year. The advantage of yet another rate rise is that nobody should be caught off-guard and I think that brokers are doing a tremendous job in managing the expectations of clients and finding them the right deal."
