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Loughborough (Admin/Marketing Hub) - 01509 861222
Ashby-de-la-Zouch - 01530 413126
Market Bosworth - 01455 291471
Melton Mowbray - 01664 896332


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Bank of England cuts base rate by 0.25% | Positive news for the property market
 
News that has been very much welcomed by the property industry regarding the decision by the Bank of England's monetary policy committee, in a majority vote, to reduce the Bank Rate from 5% to 4.75%.
 
It means that lenders have mostly priced in the cut already 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 property 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 '
 
For bespoke, experienced property advice on a no obligation basis, across the East Midlands region please get in touch with any of our offices as below:
 
 
Ashby-de-la-Zouch - 01530 413126
Loughborough - 01509 861222
Market Bosworth - 01455 291471
Melton Mowbray - 01664 896332

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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
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