Despite the Bank of England increasing its base rate again last week we have seen a gradual reduction in the rates being offered by lenders and I am pleased to see that Virgin Money this week released its first sub 4% product, the first of its kind since September last year and hopefully a sign that confidence is returning to housing sector.

It has been a challenging Winter for many with the cost of living and energy crisis being compounded by increased interest rates and the war in the Ukraine, but hopefully the strength of the UK economy can bring inflation levels down and avoid further hardships in 2023.