12 03, 2024

Are interest rates about to plummet?

By |2024-03-12T17:04:37+00:00March 12th, 2024|Mortgage News|

Mortgage Rates Update Are interest rates about to plummet?   Having barely shifted since last autumn, many analysts expect that interest rates may start edging down. What will that mean for mortgage borrowers and anyone looking to remortgage?   Time for a fall? Most analysts agree that interest rates have peaked but there is less consensus on exactly when they will start to drop.   One forecast1 has suggested that Bank Rate rates will remain at current levels until June this year, when a series of cuts will see Bank Rate gradually fall to 3% by the [...]

12 03, 2024

Housing and Mortgage Update March 2024

By |2024-03-12T16:57:33+00:00March 12th, 2024|Mortgage News|

Housing and mortgage update The Bank of England (BoE) kept Bank Rate at 5.25% following the latest meeting of the Monetary Policy Committee (MPC) in February.  Bank Rate unchangedHaving risen to 5.25% in August 2023, the MPC voted to freeze Bank Rate for a fourth consecutive meeting in February, with a majority of six to three keeping it at its highest point since 2009. Although a majority voted for no change, there was nevertheless a split in the result. Two committee members opted to increase Bank Rate by 0.25 percentage points, while one preferred a 0.25 percentage point decrease. Many analysts [...]

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