Back
Bluestone reacts to BoE Interest Rates
07 November 2024
Ryan Davies, Strategy Director, Bluestone Mortgages comments on today’s Bank of England interest rate decision: “Following the uncertainty surrounding last week’s Autumn Budget, today’s decision to drop rates to 4.75% will be welcome news to customers both on, and looking to get onto, the housing ladder.
"However, with the recent volatility in swaps rates we are likely to see lenders pricing move around in the coming weeks to account for this. For those looking to get onto or up the property ladder in the current environment, speaking with a mortgage broker is a sensible first step. These professionals can point them in the right direction and help them plan ahead to find the best deal available to them.”
