Is the Bank of England set to give mortgage holders a boost?

[Nicholas Wallwork]

Stock markets are on tenterhooks as the Bank of England discusses a potential reduction in UK base rates from 0.5% down to 0.25%. At this moment in time markets suggest there is an 80% chance of a reduction in July although if it does not happen this month then it is almost certain to happen

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[lookinginvest]

Would a reduction in UK base rates change your property investment strategy?

 

[nmb]

Even if UK base rates fall to 0.25% in August will this have a material impact on mortgage rates/finance costs? It may well be positive for investor sentiment but perhaps we now need to see more fiscal stimulus for the real estate sector from the government?

Note to the authorities:- Get your money out and start investing!

 

[lookinginvest]

Surprised to see talk of a delay in the next UK interest rate reduction even though it was expected in July and a "certainty" in August. The Bank of England does no favours for the investment markets by seemingly indicating interest rate movements only to backtrack.

 

[Longterminvestor]

Surely a reduction in base rates down to 0.25% is purely symbolic? Personally I think the authorities should be looking at more direct fiscal action such as increased infrastructure spending across the UK.