Bank of England cuts base rate to 5% 

Yesterday's decision is likely to have a limited impact on mortgage rates, but it will certainly aid sentiment. For those buyers who have been putting off buying and of course having now gone through the election process this small cut is very much welcome.

The Bank of England has been very cautious recently so choosing to cut the base rate sends a signal that inflation is under control. We hope this positive news aids buyers to feel less cautious in addition to lenders continuing to cut rates.

If you are looking to sell or buy, please contact the #Ateam for a spirited response.

James Kirk - Managing Director