CEO of Access FS comments on today's BoE borrowing figures

29 October 2024

Please find a comment on this morning’s Bank of England Money & Credit figures for September, from Karl Wilkinson, CEO of Access FS.

Karl Wilkinson, CEO of Access Financial Services, said: “This is really positive news for the market that September’s remortgaging and mortgage approvals have risen so much. Especially as mortgage interest rates continue to drop. The slight reduction in mortgage debt could relate to a seasonal drop in activity, with August being a traditional holiday time, which would see fewer people moving or getting a mortgage.

“Let’s hope that tomorrow’s Budget supports strong consumer and investor sentiment in the UK economy, which will, in turn drive the mortgage industry.”