Loughborough (Admin/Marketing Hub) - 01509 861222
Ashby-de-la-Zouch - 01530 413126
Market Bosworth - 01455 291471
Melton Mowbray - 01664 896332
News
November 7, 2024
Bank of England cuts base rate by 0.25%
News that has been very much welcomed by the property industry regarding the decision by the Bank of England's monetary policy committee in an majority vote to reduce the Bank Rate from 5% to 4.75%.
It means that lenders have mostly priced in the cut into their mortgage rates but the more than one million borrowers on tracker and variable deals will see more immediate falls in their monthly bills.
The reduction should also give buyers a significant confidence boost as, together with the 0.25% fall in August, it points to an ongoing trend.
James Kirk, Managing Director at Alexanders, says: ' Todays announcement is important for buyers and sellers who have been waiting for some reassurance and indicators as to how the market will develop and will only serve to assist those who especially looking to move in the winter months and of course before stamp duty thresholds change next April '
Follow Us
 |
 |
 |
 |
About us
Alexanders Property Services Ltd trading as Alexanders. Tel: 01509861222
Registered in England: 08476446. Registered Office c/o The Point, Granite Way, Mountsorrel, Loughborough, Leicestershire, LE12 7TZ.
VAT Number: 171925008
Privacy Policy
