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Earlier today, the Bank of England (B of E) announced that the base interest rate will be cut by 0.25 to 4.75%. This is good news for the property market.
The weather is dreary. Christmas is on the way. So, right now is an absolutely terrible time to jump into the housing market. Isn’t it?
New data shows the mortgage market has bounced back from the turbulence of two years ago. Think back to this time in 2022, and you’ll recall the mortgage market was in complete disarray. In the aftermath of the Mini-Budget, there was a frenzy of activity – none of it good for homebuyers or people looking to renew their mortgage.
It’s considered the health epidemic of our times and affects one in nine people*. If left unchecked, it can cause migraines, nausea and hair loss and increase the risk of stroke, heart attack and dementia.