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Reaction from Bluestone Mortgages on BoE interest decision
06 February 2025
Mark Hollands, Head of Sales & Distribution, Bluestone Mortgages, comments on today’s Bank of England interest rate decision:
“Today’s decision to cut interest rates will provide a much needed morale boost to would-be and existing borrowers who have been grappling with higher mortgage costs. While this rate decrease won’t impact mortgage rates immediately, it is a step in the right direction.
“Given the current economic and political pressures, there is no certainty as to the direction of travel of interest rates given swap market volatility. Now is an opportune time for brokers to demonstrate their value and expertise and handhold customers through these challenging times."
