Just Mortgages comments on BoE Money and Credit statistics

30 October 2023

Just Mortgages is one of the largest mortgage brokers in the UK, with more than 650 advisers working across both employed and self-employed divisions. It is part of Spicerhaart, the UK’s largest independent estate agency and property services group.

Carl Parker, national director at Just Mortgages, said: “Despite the positive trend we have seen with mortgage rates in recent months, today’s data demonstrates the difficult climate we still find ourselves in as borrowers continue to adjust to a higher interest rate environment. Even as rates improve, there’s no question affordability remains the biggest challenge facing borrowers. It’s up to brokers to stay proactive and provide the necessary guidance and assistance needed to educate clients, increase confidence and help them enter and navigate the market.

“Through appearances at housing fayres and exhibitions, we’ve been encouraged by the fact that the appetite is still there among young people especially to buy their own home. While the path to homeownership is not as straightforward, our message has been that there are still routes available. Schemes such as Shared Ownership remain a front runner and most likely the only way for many to make this aspiration a reality. Increasing education will continue to be a primary focus for brokers moving forward, highlighting the variety tools, schemes and options available to support borrowers of all backgrounds."