Interest Rates are falling

We’ve just had the good news that interest rates have dropped.  Interest rates now stand at 4.75% and the drop is in line with expectations of the Bank of England today.

This is obviously great for purchasers as mortgage costs will go down, but it also shows confidence in the marketplace and confidence in the bank of England in the property market, which is extremely encouraging as we move away from a budget which was not as painful as many of us anticipated!

If you would like to discuss how mortgage rates changing can affect you then please do give us a call on (01603) 432000