Inflation holds at 3.8 per cent

Sep 17

1 min read

Following this morning's announcement that inflation has held at 3.8 per cent, Ben Thompson, deputy chief executive at Mortgage Advice Bureau shares his view:

“While inflation holding means we're still some way from the two per cent target, it suggests that the bumpy ride may be levelling out. It’s widely believed that we’re nearing the peak, and this result supports the idea that a gradual decline is on the horizon.

“We know that these rising costs can make saving feel impossible. Our latest research confirms this, showing that 56 per cent of renters see saving for a deposit as the biggest hurdle to homeownership.

“The good news is that the days of needing a massive deposit are behind us. Thanks to increased borrowing power and the greater range of innovative products available, now is an excellent time to explore your options.

“With the expert guidance of a mortgage broker, homeownership is closer in reach than you think. They can help you navigate the market and find a deal that fits your unique financial situation, including the range of low or no-deposit mortgages available."

www.mortgageadvicebureau.com