07/02/2025
πGOOD NEWS - BASE RATE CHANGE! ππ
Boost for buyers as interest rates are cut to 4.5%
The Bank of England delivered a boost for the property market yesterday after cutting interest rates to their lowest point since June 2023.
The cost of borrowing was cut from 4.75% to 4.5%.
Bank of England Governor said the Monetary Policy Committee will consider cutting rates again but he was cautious on the UKβs economic growth.
If you are considering buying or selling and need a mortgage for your purchase, please don't hesitate to contact Jack Ward East Cheshire Mortgages on βοΈ01625 460 311 who would be delighted to help.
If you are wanting to sell and need a FREE valuation of your home, please contact me on βοΈ01260 643 593.