Published: 18/12/2025 By David Price
The Bank of England has this afternoon reduced the base rate to 3.75%, the lowest level in nearly three years.David Price, Residential Sales Manager in Blandford, comments, “This is a welcome and widely expected piece of good news just before Christmas. This reduction in mortgage rates will help all buyers, but especially first-time buyers, who are the lifeblood of the market.
“Lower borrowing costs correlate with more buyers, with first-time buyers typically the catalyst for chains, which, over time, will lead to more activity in the mid and upper market.
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