‘Affordability is a worry’

Adam Oldfield, chief revenue officer at Phoebus Software:

“Any news that may mean the Bank of England (BoE) takes its foot off the interest rate accelerator would be good for the housing market.

“There is no doubt that affordability is a worry and lenders will be working around the age-old dilemma of continuing to meet lending targets, versus more defaults down the line.

“Being prepared for both scenarios is a juggling act, but one that every lender needs to have systems and people in place to deal with.”