Santander comments on Rightmove's House Price Index
20 January 2025
David Morris, Head of Homes at Santander UK said:
“While 2025 has started confidently, with Rightmove’s latest data showing a record number of mortgage in principle applications and the highest number of new property listings for a decade, a continued rise in property prices and stubborn interest rates continue to prevent many would-be buyers from entering the market. However, we have a right to be cautiously optimistic for the year ahead with suggestions that we may soon see less volatility in swap rates, and subsequent calming in mortgage interest rates. What’s more, with the Government and regulator holding welcome discussions on ways to reduce affordability constraints, opening-up mortgage borrowing to more potential buyers, 2025 is shaping up to be a pivotal year for homeownership.”
