What are the current UK mortgage rates? 📊
#CAVENDISHEXPERTS! The logical choice for Lettings, Sales and Property Management in Nottingham | Cavendish Residential | One Fletcher Gate NG1 1QS | 0115 941 0656
🗝️ Key findings from Rightmove:
🔸The Bank of England (BoE) meet about every six weeks to decide whether the Base Rate should go up or down, or stay the same
🔸The Base Rate is currently 5.25%, and has been held at this level since August
🗞️ GOOD NEWS YET AGAIN THIS MONTH... as rates continue to fall 🗞️
🔸 Rightmove's mortgage expert Matt Smith: "Overall, average rates continue to trend downwards, with further reductions in this week’s data, and more expected to come, with those looking to take out a mortgage soon likely to see much more attractive deal on offer for them than at the peak six months ago".
🔸The current average mortgage rate for a 5-year fixed, 85% loan-to-value mortgage is 4.97%, down from 5.12% last month
📩 Read Rightmove's article in full by clicking here 📩
If you need a mortgage, email Emma and she will put you in touch with the right broker for your needs (emma.travers@cavendishproperty.co.uk) 📧
📸 Left to right: Emma, Rosie, Lisa and Gary at Cavendish Residential 📸
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