Base Rate Cut to 4.25% – Positive News for Buyers and Sellers

The Bank of England's decision to reduce the base rate by 0.25%, bringing it down to 4.25%, is welcome news for the housing market.

For buyers, this shift could lead to slightly improved mortgage rates, offering more affordability and confidence when securing finance. Even a modest reduction can make a meaningful difference to monthly repayments, especially for first-time buyers or those upsizing.

Sellers also stand to benefit. As borrowing becomes more accessible, buyer demand is likely to strengthen and may potentially leading to quicker sales and more stable property values.

Whether you're thinking about buying, selling, or remortgaging, now is a smart time to assess your options in light of this change. If you'd like to discuss how this may impact your next move, we're here to help.