LiveMore comment on inflation figures (3%)
19 February 2025
Simon Webb, managing director of capital markets and finance at LiveMore, commented:
“Inflation has nearly doubled since September, when it was at 1.7%. Unfortunately, this rise to 3% - although quite a leap from 2.5% in December - isn’t surprising when you factor in market conditions and recent government policy.
“These price increases will further increase challenges for borrowers still straining to make their mortgage payments. People who have come to the end of fixed terms, for example, and have moved onto standard variable rates will feel this. For many people aged 50 to 90 plus, they may mistakenly believe that they’re mortgage prisoners, trapped in SVRs, when in fact they could well be eligible for a wide range of mortgages not usually available to people in these age groups.”
