Mortgage interest rate freeze
The decision by the Bank of England to hold the base rate at 5.25% after 14 back–to–back rises has left borrowers sighing with relief. It was a close–run thing, with almost half of the monetary policy committee voting for a further increase, and it is not clear if it heralds an end to these or only a pause. Many experts, however, think rates are now at or near their peak.
If you want any advice or guidance in relation to an existing mortgage or are thinking about taking out a mortgage don’t hesitate to get in contact with one of our mortgage advisers in our Ballyclare office on 028 9332 2822!