Interest rates May Have Peaked

The Governor of the Bank of England has suggested that interest rates may have reached their peak following 14 successive increases.

Andrew Bailey told MPs that interest rates are “much nearer now to the top of the cycle” with inflation set for a “marked” decline.

It already seems that Mortgage Lenders are cutting rates on mortgage products which will be welcome news to those who are buying a property or re-mortgaging.

If you are buying a property, please contact our Residential Property team on 01606 74301 and speak to our friendly team of property experts who will be delighted to assist with your house purchase.