LiveMore comment on today's 1.7% inflation figures

16 October 2024

Simon Webb, managing director of capital markets and LiveMore, commented:

"The decline in inflation by 0.5% to 1.7% in the 12 months to September 2024, could suggest that inflationary pressures are easing, which can lead to stabilised living costs. For older homeowners and prospective buyers, this relief may improve affordability and financial security, enabling them to make more confident purchasing decisions.

“A lower CPIH could influence the government’s fiscal strategy in the upcoming budget, potentially allowing for targeted investments that support homeownership among older adults. Such investments might include tailored initiatives to assist older buyers in accessing affordable mortgage products or incentives for those looking to downsize, ensuring they can effectively navigate their housing needs as they age.

“As the housing market adapts, it remains essential for older buyers to stay informed about mortgage options. Access to comparison tools such as LiveMore’s Mortgage Matcher and financial guidance will empower them to align their mortgage choices with their long-term financial goals, ensuring they can thrive in a more stable economic environment."