We’ve seen another week of mainstream lenders reduce their rates with more reductions predicted this coming week. This shows more comfort and confidence around what’s going on in the country.

On the back of this confidence, we’re seeing more purchase application going through, leading to more purchases which really is fantastic to see.

FCA CONSULTATION

Following the FCA consultation that came out this week, we’ve seen how the government supporting the industry is instrumental to its growth.

The most important takeaway is that when we support first time buyers to join the market, we support the rest of the industry as we’ve made a new customer all the way through the homeownership journey.

BUY-TO-LET

We’ve also seen some turbulence in the buy-to-let space. We’ve seen a rise in unfair negativity and speculation around the current situation with landlords and what potential changes are on the cards following the governments Renters’ Rights Act.

While these reforms can seem seismic, we know that the industry is particularly resilient, and we continue to see enhancements to the proposition, particularly supporting large portfolio landlords.

GLOBAL ECONOMICS

While resilience is key, we live in an uncertain world politically and global events can upend best laid plans. While there’s confidence in the market currently, we know that things can change in a heartbeat.

What I would say is that if you’re thinking about getting on the housing market now, the uncertainty on the horizon should act as a clear sign to engage with a broker and seek advice.

That goes doubly for those thinking of refinancing in the next six months, if you’re not speaking to a trusted broker now, you probably should be.