✂️ Interest Rates CUT to 4.75% by Bank of England
UK Moneyman Limited
Independent Mortgage Broker | Age 60+ Mortgage Specialist | Bridging Loans | Commercial Mortgages 💻🤙
Good News for Mortgage Holders: Interest Rates Reduced Again!
The Bank of England has just announced a cut in interest rates to 4.75%, marking the second reduction in recent months.
This is fantastic news for anyone with a variable-rate mortgage, as it means monthly payments will soon be a little lower.
The mortgage market had already anticipated this move, so we’re not expecting a significant shift in fixed-rate offers, however, this latest reduction is a positive step forward.
After a challenging period of rising costs, it’s encouraging to see the base rate finally easing, helping to restore some optimism in the property market.
In Case You Missed It:🔔 Today’s Budget: Key Changes for Buyers and Landlords (Oct' 30th 2024)
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Malcolm Davidson
Managing Director @ UK Moneyman Ltd.
0333 412 2222