Base Rate Held – Positive News?

The Bank of England have held the base rate at 4%, but this could prove to be a real positive move for the property market.

Data from the UK lending market suggests a renewed burst of competitive momentum – for both homebuyers and those looking to re-mortgage in the wake of the Bank of England’s latest base rate announcement.

🔷 What’s happening?

Major high-street lenders have begun cutting fixed-rate mortgage deals, sparking what many commentators are calling a “price-war” in the home‐loan market.

These cuts come at a time when the Bank of England has kept its base rate unchanged at 4% – a decision that removes some immediate upward pressure on borrowing costs and gives lenders more confidence to compete.

In short: borrowing could be becoming more affordable and competitive, which would boost buyer activity and market sentiment.

🔷 Why this is good news for the local market

👉 For buyers: Lower fixed‐rate deals mean better affordability; if you’ve been waiting for the right moment, this maybe it.

👉 For sellers: Increased buyer borrowing power tends to support stronger demand for homes – realistically priced properties could attract more interest and offers.

👉 For landlords & investors: A more active market often means more tenant demand and turnover, particularly in well-connected areas.

 🔷 What we’re already seeing locally

Here in the Derby area, our branch network is reporting a steady climb in buyer enquiries and mortgage applications. With lenders now actively competing, the landscape is shifting from “waiting for rates to drop” to “seeing good deals today”.

🔷Tips if you’re thinking of making a move

👉 Buyers: Get your mortgage in principle lined up now. The more pre-prepared you are, the better placed you are when the right property comes along.

👉 Sellers: If you’ve been hesitating, now could be an opportune moment to get your home on the market—borrower confidence is improving.

👉 Landlords/investors: Monitor refinancing options and term renewal opportunities; lower rates may improve yield and cash-flow.

👉 Everyone: Speak to an independent mortgage adviser to review your options – deals are changing, and a little professional input may pay off.

✨ If you would like tailored advice about buying, selling or investing locally, get in touch with your nearest Hannells branch or arrange a free, no-obligation property valuation today.

Click HERE to book your free, no-obligation valuation.

Get in touch with your local branch of Hannells by clicking HERE

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