The Bank of England may take more decisive action to reduce borrowing costs this year, offering positive news for mortgage holders. A recent survey of 51 economists predicts the Bank will lower interest rates at least four times in 2025. According to the poll, the base rate could decrease from…
Read MoreThe Bank of England has reduced interest rates for the second time this year, bringing them down to 4.75% as anticipated. Previously set at 5% following a 0.25% reduction in August (the first since 2020), rates were held steady in September. Bank of England Governor Andrew Bailey reassured the public,…
Read MoreBank of England Governor Andrew Bailey has signalled that further interest rate cuts could be on the table, provided inflation stays under control. Bailey indicated that the Bank might adopt a “somewhat more aggressive” approach to the base interest rate in the coming months. In an interview with The Guardian,…
Read MoreFor those contemplating purchasing a home, the current mortgage rates in the UK are a pertinent consideration. Mortgage lenders regularly adjust the rates of their products. Consequently, we provide weekly updates on average mortgage rates, allowing for easy comparison with the previous week’s figures. Moreover, you can assess rates across…
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