Mortgage rates are on the rise! 📈 Market trends indicate the Bank of England might not cut borrowing costs as much as hoped due to stubborn inflation, leading banks to hike their fixed rates. According to Moneyfacts, the average two-year fixed mortgage rate is now at 5.83%, and it’s unlikely to drop below 4% anytime soon. With about 1.6 million fixed-rate deals ending this year, it’s crucial to explore your options. Find out more about our loan and mortgage options on our website. #propertyze #ukpropertyinvestment #househunting #onthemarket
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Award-winning mortgage adviser and owner of Monica Bradley Associates. I specialise in mortgages and protection. My goal is to find the best mortgage product for every client and empower them financially.
BASE RATE COMES DOWN TO 5%. Good news! The Bank of England has reduced the base rate from 5.25% to 5% in today’s review. The base rate has remained at 5.25% since August 2023, so this reduction is significant and will be a boost to the property market. ℹ️ If you’re on a tracker rate mortgage, which moves in line with interest rates, your monthly payments should come down. ℹ️ If you’re on a standard variable-rate mortgage, your monthly payments may well be reduced, depending on your lender. ℹ️ If you’re on a fixed-rate deal, your monthly payments will stay the same until the fixed term ends. Questions? I'm here to help. #baserate #interestrate #bankofengland #mortgagerates
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Managing Director, Brand Evangelist & Spokesperson at Coreco Mortgage Brokers and Chairman of The Association of Mortgage Intermediaries (AMI)
I’m discussing the recent decision by the Bank of England to cut interest rates to 4.75%. It’s a win for buyers, but let’s not underestimate the ongoing challenges in the mortgage market. #BankofEngland #MonetaryPolicy #InterestRates #RealEstate
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With The Bank of England holding base rates at 5.25% for the fifth consecutive time in March this year and the Spring Budget revealing that the Office for Budget Responsibility expects inflation to drop to 2% in the next few months, many property experts are confident that base rates will begin to decrease accordingly. This will therefore influence mortgage lenders to lower mortgage rates which will stimulate the market. Read more about buying property in 2024 on our blog where we keep you updated of market trends and forecasts. #propertynews #propertymarket #inflationrates #mortgage #lenders #housingmarket
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I’m discussing the recent decision by the Bank of England to cut interest rates to 4.75%. It’s a win for buyers, but let’s not underestimate the ongoing challenges in the mortgage market. #BankofEngland #MonetaryPolicy #InterestRates #RealEstate
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I’m discussing the recent decision by the Bank of England to cut interest rates to 4.75%. It’s a win for buyers, but let’s not underestimate the ongoing challenges in the mortgage market. #BankofEngland #MonetaryPolicy #InterestRates #RealEstate
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Interest Rates are falling... We’ve just had the good news that interest rates have dropped. Interest rates now stand at 4.75% and the drop is in line with expectations of the Bank of England today. This is obviously great for purchasers as mortgage costs will go down, but it also shows confidence in the marketplace and confidence in the Bank of England in the property market, which is extremely encouraging as we move away from a Budget which was not as painful as many of us anticipated! If you would like to discuss how mortgage rates changing can affect you then please do give us a call on (01603) 432000 https://lnkd.in/ejxfhP2d #property #mortgages #interestrates #finance #bankofengland #economy #homebuying #housingmarket #trends #insights #advice #estateagent #norwich #norfolk
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The Bank of England has opted to hold the Base Rate at 4.75%. Understanding the factors that can contribute to mortgage pricing can be important in helping you make the right decision. #InterestRates #MortgageMarket
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Despite a few lenders reducing their mortgage rates recently, volatility persists due to ongoing inflation uncertainty. The Bank of England's base rate remains at 5.25%, with no cuts expected until at least August. This instability continues to affect both existing mortgage holders and potential first-time buyers, who face fluctuating rates and economic uncertainty.
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Helping people make better decisions with their money at Bellamy Wealth Management Ltd
Finally! After 4 years, the base rate has been reduced by 0.25% taking it to 5%. This is big news for borrowers and investors alike. Lower rates can mean cheaper mortgages, loans, and potentially boost the economy. If you have any questions on how this would affect you, just let me know. #interestrates #mortgage #mortgagebroker
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Turning 'once upon a time' into 'happily ever after!' 🏡 Making Mortgage Advice easier to understand and talk about!
Are Mortgage Rates about to start coming down? 🤷♂️ The Bank of England base rate is sticking at 5.25% and inflation rate is down to 3.4%, so what does this mean for the mortgage interest rates? 📉 Bank of England's base rate remains steady at 5.25%, while the inflation rate sees a decrease to 3.4%. But what do these figures mean for individuals and families looking to understand their mortgage interest rates? 🤔 Whether you're a homeowner, planning to buy your first home, or just keen on understand more, then have a listen! 😊 #bankofengland #mortgagerates #interestrates #inflation
