Paul McGerrigan, Loan.co.uk’s CEO comments on – ONS House Price Index data for March 2022
Paul McGerrigan, CEO at online broker Loan.co.uk, said: “UK property prices continue to increase, but growth has slowed significantly as many would argue it needs to. The continuing undersupply of property, the increased desire for space and the growth in home working are all stubbornly driving this continued growth against tough economic conditions pushing in the other direction.
“Increased mortgage costs, rising household bills and concerns over the ongoing impact of the war in Ukraine and geo-political tensions will undoubtedly continue to cool the market. The question – How quickly and dramatically will the market slow or will it stall or indeed fall? All eyes on the Bank of England’s MPC which need to tread a very careful line.”
ABOUT LOAN.CO.UK
Loan.co.uk is a national, online credit broking business.
Relaunched in 2014, the company has been working with the most advanced technology to build intelligent systems which will change the lending market, using a highly advance artificial intelligence platform combined with experienced human brokers to streamline the application process and improve the customer experience considerably. The business stands for transparency, fairness and excellent customer service.
Loan.co.uk Limited is authorised and regulated by the Financial Conduct Authority.
For more information, contact the Loan.co.uk Press Office:
Email: pressoffice@loan.co.uk Phone: 01202 125070