Mortgage rates are dropping!

- Thu 27 Jun 2024

It has hit the news this week that a number of UK mortgage lenders have been reducing interest rates in anticipation of future cuts by the Bank of England. Several major lenders, including HSBC, Barclays, Coventry & Skipton to name a few have announced rate cuts on their mortgage products.

This move comes as the financial markets are increasingly betting on interest rate cuts in 2024, spurred by the promising inflation data that was released last week after the Bank of England hit their target of 2%. Even more promising with a looming General Election. This has now possibly opened the door for them to review interest rates in August 2024.

If you want to look at your affordability whether you are thinking of buying for the first time, wish to check whether you can afford to move or need to re-mortgage, the team of experts at Bradleys Financial Management would be delighted to help you.

Bradleys Financial Management Ltd and Bradleys Estate Agent are two separate entities

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