What are the current UK mortgage rates? 📉
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🗝️ 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 AGAIN THIS MONTH... as rates continue to fall 🗞️
🔸 Rightmove's mortgage expert Matt Smith: "Yet another week – the 21st in a row – of marginal percentage point drops to mortgage rates is positive news for home-movers"
🔸The current average mortgage rate for a 5-year fixed, 85% loan-to-value mortgage is 5.12%, down from 5.26% last week
🔸The lowest rate for this type of mortgage is 4.52%
📩 To read article in full from Rightmove, click here 📩
If you would like more advice on mortgages, we will ask our Mortgage Specialists to make contact with you - to schedule a call, email Sam (sam.barker@cavendishproperty.co.uk) 📧
📸 Sam Barker, Operations Director at Cavendish Residential 📸
☎📧🗨
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#CAVENDISHEXPERTS! The logical choice for Lettings, Sales and Property Management in Nottingham | Cavendish Residential | One Fletcher Gate NG1 1QS | 0115 941 0656 | www.cavendishproperty.co.uk
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