“These factors create an added layer of uncertainty, which can lead to volatility in financial markets,” he acknowledged. “Domestically, the forthcoming autumn budget will be a key moment, as it will provide clearer direction on fiscal policy and could either bolster or dampen confidence in the UK economy.”
How, then should brokers navigate the market in what may prove to be a somewhat unsettled time?
“It’s crucial to stay informed, but equally important to be discerning about the information we consume,” said Mendes, who believes that to maintain a balanced outlook it’s important to focus on the fundamentals – such as inflation trends, lender behaviour, and housing demand.
He added: “Maintain close communication with business development managers to understand lender perspectives and anticipate potential movements. Keeping a pulse on lender strategies will be crucial in navigating the shifting landscape.
“We are fortunate to work in an industry that thrives on sharing knowledge, insights, and commentary. Equally important is staying engaged and supportive – both with clients and colleagues. We all share the same goal of supporting our clients, and by maintaining a positive outlook in our actions and behaviours, we can continue to thrive, even in challenging times.”
