Archive for August, 2024

First Interest Rate Cut Since 2020: What It Means for Mortgages

Posted on Thursday, 1 August, 2024

The Bank of England (BoE) has announced it will lower the Base Rate to 5% this month, marking a 0.25% reduction and the first cut in four years. The Base Rate had been steady at 5.25% since August 2023, following 14 consecutive increases. The Bank had been raising and maintaining…

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