Richard Pike, Phoebus Software sales and marketing director, says

“Although December is one of those months when many push to get their house purchases over the line before Christmas, it is nonetheless encouraging to see that activity increased compared to October and November.

With the potential for another interest rate rise from the Bank of England in a couple of weeks there will be plenty of people looking to quickly secure themselves a decent longer term fixed rate. As we saw at the beginning of January, when NatWest reduced it’s rates, there are still deals to be had and now that inflation has passed the 5% mark, the question of affordability will be top of mind for anyone thinking of moving house. For lenders the same question will be as important as ever as house prices, according to the ONS this week, continue to rise unabated.”