James Hall, sales director at Optoma, said: “Following on from the inflation increase to 3.1% there is a real likelihood of interest rates increasing in May, more and more people will struggle to meet spiralling mortgage repayments. Potentially there will be an increased need for non-conforming solutions and this could be good news for the packaging industry.
“With the huge choice of non-conforming products available, intermediaries may find they turn to packagers to ensure they get the most appropriate deal for their client. Optoma are expecting an increased demand for fixed rate products. In particular there has been an uptake for products such as the current Victoria fixed rate exclusives which may not be around long in the current market.”
