Published: 06/02/2025 By David Price
The Bank of England’s monetary policy committee announced today that the base rate has been reduced to 4.5%.David Price, Residential Manager in our Blandford Office, welcomes the reduction, bringing the rate to its lowest level since May 2023. "In an already competitive mortgage marketplace, this reduction is expected to see more enticing offers from lenders as the year progresses with Barclays and Coventry Building Society having already reduced their rates at the start of the week.
He continues, "This is a positive development with the all-important Spring market fast approaching, hopefully bringing the traditional seasonal bounce in activity as the weather improves".
Symonds & Sampson can offer a wide range of property advice and work alongside reputable mortgage advisors to help with any financial needs. If you are considering moving this year, please get in touch with David on 01258 452670, or colleagues in your nearest Symonds & Sampson office.