LiveMore comment on BoE interest rate decision

20 March 2025

Simon Webb, managing director of capital markets and finance at LiveMore, commented:

"The Bank of England’s decision to hold the base rate was expected, and while a cut would have been welcomed by many borrowers, stability is key for market confidence and we remain optimistic that rate reductions will come in time, providing further support to homeowners and buyers.

"For the later life lending market, the outlook remains positive. Demand for specialist mortgage products continues to grow as more people seek flexible solutions to meet their financial needs in later life. Regardless of short-term rate movements, this sector is set for sustained expansion as awareness increases and lenders continue to innovate. As we look ahead to the Spring Statement, we hope to see policies that further support borrowers and homeownership, particularly for those in later life."