Trinity Financial's director Anthony Emmerson is looking forward to a more positive 2024
Trinity Financial's director Anthony Emmerson and his expectations for the coming year.
"I am looking forward to a more positive mortgage outlook in 2024 based on the cheaper rates we have access to as well as the pent-up demand from first-time buyers and home movers.
"The Governor of the Bank of England has said the Monetary Policy Committee will do whatever it takes to get inflation down. As a result, I believe we will not see a base rate reduction until September this year.
"Now more than ever, clients benefit from a good broker's service. We are in a fast-moving and turbulent market, and mortgages need to be monitored to make sure buyers get the best outcomes.
"There has been a much higher level of market activity since the New Year, and people clearly still want to get on the property ladder or move to bigger homes.
"The steep increase in buy-to-let rates has pushed many landlords to their limit, but investment property rates are coming down. This means there is more opportunity to refinance portfolios, providing the rent stacks up, which is still a huge challenge in London."
Anthony is one of three directors at Trinity Financial and has been in the mortgage industry for 20 years.
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The information contained within was correct at the time of publication but is subject to change.
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