Base Rate Drops to 4.25% – What It Means for Homebuyers and Mortgages

Big news for homebuyers and mortgage seekers: the Bank of England has announced a reduction in the base rate to 4.25%. This is welcome news in the property market, and it could mean significant opportunities for those considering a move or investment.

So, what does a lower base rate mean for you?

✅ More affordable borrowing:
Mortgage rates often follow the base rate, so this drop could lead to lower monthly repayments and better deals, especially for those looking to remortgage or step onto the property ladder.

✅ Increased buying power:
With lower interest rates, buyers may be able to borrow more or afford a higher-value property without significantly increasing their monthly costs.

✅ Positive market momentum:
Lower rates can boost buyer confidence and stimulate the property market, which could benefit sellers too.

Whether you’re a first-time buyer, moving home, or reviewing your mortgage options, now is a fantastic time to explore what’s possible.

📞 Call our expert team today on 02393 233 267
📧 Or email us at info@rokmarsh.co.uk
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