"The housing market is showing huge resilience recently and the general sentiment appears to be positive"

Adam Oldfield, chief revenue officer at Phoebus Software:

“Of course, there is no guarantee that this will be enough to prevent the BoE from raising interest rates again next month.

“The housing market is showing huge resilience recently and the general sentiment appears to be positive — The only fly in the ointment will be another interest rate rise.

“How lenders manage that, if they can see that inflation is going in the right direction, will be key.”