'The fall in February’s HPI shows the current lack of consumer confidence in the market'

Scott Clay, head of introducers at Together:

“The fall in February’s HPI from 6.5% to 5.5% shows the current lack of consumer confidence in the market.

“That is not to say all activity is at a standstill. Buyers may be able to benefit from lower rates as inflation begins to start falling to lower levels than their peak last October.

“For those approaching mortgage renewals who don’t fit the criteria of high-street banks, it is essential to consider specialist lenders, as they can take into account individuals’ circumstances and offer more flexible finances to help secure home ambitions.”