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📢 Bank of England Base Rate Update 📉 Good news for the mortgage world! The Bank of England has reduced the base rate to 4.75%. This could mean some positive changes for mortgage holders on variable rates, and I’ll be reaching out to any of my clients who might be affected. However, keep in mind that this doesn’t necessarily mean fixed rates have dropped. Fixed rates depend on several factors, I will update all of my clients as lenders react! #boebaserate #baserate #mortgagerates

Bank of England reduces its interest rate to 4.75%. This does not mean that fixed rate mortgages will automatically reduce, especially as they have mainly increased since the budget. We will have to wait and see. Predictions for house prices for the next five years are indicating an increase Economists are still also expecting a slow fall in mortgage rates despite the recent upward trend. Dorset ChamberY-not Finance Mortgage Brokers

Breaking News: Bank of England Holds Base Rate at 5% The Bank of England has kept the base rate steady at 5%, while fixed-rate mortgage deals are seeing the lowest rates in two years. With mortgage costs falling and market confidence growing, could we be heading for a brighter future in the housing market? Swipe to learn more about what this could mean for you. 💭 What are your thoughts on the impact of this decision? Comment below! #PropertyNews #MortgageRates #BankOfEngland #HousingMarket #UKProperty #Finance

📉 The Bank of England has just cut its base interest rate by 0.25%, bringing it down to 4.75%. This move is intended to help ease borrowing costs, which could be good news for homeowners and buyers in Belfast. 𝗪𝗵𝗮𝘁 𝗧𝗵𝗶𝘀 𝗠𝗲𝗮𝗻𝘀 𝗳𝗼𝗿 𝗬𝗼𝘂: 𝗟𝗼𝘄𝗲𝗿 𝗕𝗼𝗿𝗿𝗼𝘄𝗶𝗻𝗴 𝗖𝗼𝘀𝘁𝘀 This rate cut could mean slightly better mortgage rates, which is especially useful if you're nearing the end of a fixed-rate deal. 𝗠𝗮𝗿𝗸𝗲𝘁 𝗢𝘂𝘁𝗹𝗼𝗼𝗸 While rates may continue to ease gradually, the Bank has cautioned that inflation concerns could slow down further cuts. Not sure how this affects your mortgage or home-buying plans? Reach out to us for guidance on your best options. 𝗕𝗼𝗼𝗸 𝘆𝗼𝘂𝗿 𝗮𝗽𝗽𝗼𝗶𝗻𝘁𝗺𝗲𝗻𝘁 𝗮𝘁 𝗿𝗺-𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹.𝗰𝗼.𝘂𝗸. #BelfastMortgageBroker #BelfastMortgages #MortgageBrokerBelfast #BelfastHomes #BelfastProperty #BankofEngland #UKInterestRate

🔔 Bank of England Update: The base rate holds steady at 5% this month! While there were hopes for a reduction, the Monetary Policy Committee is staying cautious amid ongoing inflation concerns. Markets anticipate a potential rate cut by November, which could improve affordability for borrowers and energise the housing market. Interestingly, lenders are already adjusting mortgage rates, with options now available below 4%. This means there are still great opportunities to secure better deals! We can help you find a local mortgage provider to learn how this change can benefit you. 📩 Drop us a DM or email hello@leslieandcompanyuk.com #interestrate #bankofengland #housingmarket #mortgageupdate #leslieandco #propertynews #financialupdate

👏 Bank of England have lowered the base rate to 5%! 🥳 This has come after SEVEN consecutive holds at 5.25%... What does this mean for mortgages? 🙌 If you have a base rate tracker mortgage, you may notice a reduction in your repayments in the coming weeks... 🙌 We could see lenders boost their rate reductions more We've seen lenders consistently reducing their rates over the last few weeks by small margins So this is a very positive sign for the housing market 🤩 For anyone with cases going through with me at the moment, I will be keeping an eye out on those reduction emails for you 😃 On a more important note... I had my hair chopped off yesterday 🤣 It's so short! 🙈 but I'm getting used to it 👏 #Rates #RatesDrop #bankofengland #mortgagerates #RateReduction #housingmarket #housepurchase #homebuying #lenders #baserate #MortgageAdviser #mortgagebroker #newhaircut

The Bank of England cut rates to 4.75%. 640,000 mortgage holders on trackers will feel the immediate boost to their finances and an additional 770,000 on a standard variable rate should see at least some of this cut passed on.

Bank of England base rate review and mortgage rates 🏘️ The Bank of England's Monetary Policy Committee today voted in an almost resounding majority to cut the interest rate by 0.25% down to 4.75%, which was widely anticipated by the majority of mortgage and economic experts 📉 I've created a quick overview of what it means for mortgage borrowers and especially fixed rate mortgages. The US is also expected to cut its interest rate tonight following this weeks election result and victory for Donald Trump. Read more: https://lnkd.in/ekKt8B4X Interesting times for mortgage borrowers who were only 12 months ago being told that interest rates could peak at 6.5%... we could even see a return to 3.5% interest rates according to some experts from Goldman Sachs. Less favourable times for savers and potential good news for other lending and business borrowing.

Mike’s Mortgage Minute The bank of England is due to announce an interest rate cut to the base rate at lunchtime today, but this does not automatically mean that fix rate mortgages will come down in price. If you’re on a tracker or variable rate, then you will see a positive impact from this straightaway! We had a number of blenders yesterday with draw products, And INCREASING their rates as of today, so the cost of mortgages is not as straightforward as the Bank of England base rate coming down! I’ve been saying this for a couple of weeks now that the rate cut of today has already been priced into the current mortgages in the market, but with the inflation predictions from the budget last week, the market has not responded particularly positively to that. #MMM #mikesmortgageminute #interestrates

Bank of England predictions for 2025 📉 Average mortgage fixed rates have dropped by nearly 0.4% in the past 12 months and mortgage lenders are getting back down close to 4.0% for some deals in December. Does this mean that interest rates will carry on falling in 2025 and especially following Andrew Bailey's comments last week in the FT's Global Boardroom summit on the 6th December? Thousands of households are still awaiting news of further interest rate cuts to help with mortgage affordability. Andrew Bailey expects the Bank to cut interest rates four times in 2025 down to 3.75%... but is this realistic? The economy needs to be able to support interest rate cuts and this hinges on inflation and government spending coming down. Mr Bailey also warned that any cuts in the interest rates would be "gradual" which also hints towards a cautious approach. Read more: https://lnkd.in/eSAKHBFJ #bankofengland #interestrates #mortgages #mortgagerates #baserate #personalfinance #mortgagedeals #finance #money #moneynews #mortgagenews #financialnews #andrewbailey #interestratepredictions