What can I do about my mortgage now the base rate has been cut?
It was good news for homebuyers as interest rates finally went down. But it has raised a lot of tricky questions for them Last week’s Bank of England interest rate cut, the first since 2020, spelled good news for millions of homeowners and would-be buyers – but it has also given them lots to think about. If you are looking to buy a home, what sort of mortgage do you go for, and is this going to push house prices even higher? And if your existing mortgage deal is about to end, should you grab another one right now, or hold fire in case lenders launch cheaper products? Continue reading...
