Craig’s First Financial Quarterly Review Of 2025

2025 so far…the good thing is lenders are still keen to offer mortgages up to 95%.  The market is aggressive and Regents are continuing to organise funding in most cases and can offer a full MOT on your current mortgage, protection and insurance requirements. 

An unpredictable year ahead. Economists for years were able to make educated forecasts on the UK finance and global economy. Interest rates & inflation predictions were usually fairly close to the mark. Over the last 2-3 years this has been thrown upside down. Commentators are still asked to predict, the OBR (office of Budget Responsibility) are obliged to offer their opinion alongside government budgets

The OBR provides forecasts on how economic measures (like GDP and inflation) and fiscal measures (like tax and spending) will change in the future, and independent scrutiny of the performance of the government against its fiscal rules. This independent scrutiny is excellent as it balances the political aspect of government spin and Donald Trump statements.

Government borrowing is the tricky part, February this year saw borrowing well in excess of expectations where the UK now has a debt interest bill of over £100 billion per annum.

The planned increase in house building do bring a positive slant to property market transactions, which are forecast to be 30% higher by 2030. 1.15m in 2025 up to 1.48m by 2030.(New Statesman)

So potentially tough times ahead, though many will feel they have seen it before and as we say,  keep calm and carry on.