This week Kevin and Chris, discussed the recent inflation figures, which exceeded expectations at 8.7% and the rise in interest rates.
All of this puts additional pressure on consumers and will have an impact on the housing market, impacting new and different demographics in terms of affordability.
The Financial Conduct Authority’s efforts to address borrowers in financial difficulty are to be welcomed, emphasizing the need for tailored and proactive approaches.
However, there is a lot going on into the summer as we continue to approach the consumer duty implementation deadline.
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