R
realdeals
Active Member
As the Bank of England announced a 0.5% reduction in UK base rates to the previous historic low of 0.25%, there were hopes of a reduction in mortgage rates. Short to medium term mortgage rates as always will be dictated to by the money markets which have tightened of late. The reduction in base rates will increase liquidity, and soften mortgage interest rates a little, but it is unlikely we will see any significant fall in light of the 0.5% base rate reduction.
However, borrowing rates are likely to remain low for UK property investors for some time to come - offering a degree of stability to the market.
However, borrowing rates are likely to remain low for UK property investors for some time to come - offering a degree of stability to the market.