Published: 07/01/2025 By David Price
David Price, Residential Manager in our Blandford Office reports an encouraging start to 2025. With a busy diary of property viewings, several new instructions coming to the market, the first sale of the year already agreed, and a reduction in mortgage rates, the outlook is bright!A recent reduction in mortgage rates already announced by several lenders including Halifax, HSBC, and Leeds Building Society have been welcomed. Reductions of 0.25% have been announced, with the expectation of more lenders following suit. This reduction comes ahead of the next Bank of England, Monetary Policy Committee meeting scheduled to take place on 6th February when the base rate could be reduced again from the current rate of 4.75%.
“This is a good omen for house sales as naturally any reduction in borrowing costs brings more buyers to the market” reports David. “Our agents work closely with a number of local, reputable independent mortgage advisors, so if you are looking for realistic advice to get you moving in 2025, please do get in touch”.
David can be reached on 01258 452670, or contact our colleagues at your nearest Symonds & Sampson office.