LiveMore's comment on today's inflation rise

20 November 2024

Please find below, comment on the ONS inflation figures from Simon Webb at LiveMore, the mortgage lender for the 50-90+ age group.

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

“Although CPI has risen to 2.3% in October, it’s worth noting that this remains significantly lower than the 4.6% we saw for the same period last year. Combined with the Bank of England’s recent decision to reduce the base rate to 4.75% and the Budget’s planned 4.1% state pension increase from April 2025, there’s reason for cautious optimism. These measures provide encouraging news for over-50s borrowers, offering the potential to ease affordability pressures and enhance financial stability in future.

"LiveMore is here to support intermediaries in navigating these changes. Our Mortgage Matcher® tool ensures brokers can quickly find tailored solutions that meet their clients’ unique needs, helping them make the most of the opportunities presented by this evolving market.”