Interest Rates Down to 0.25%

The Bank of England have today announced that there will be a reduction interest rates for the first time in seven years. The all time record low of 0.25% could be great news if you are looking at getting a mortgage in the near future with some enticing fixed rate deals expected to enter the market.

It will also have an immediate impact if you are lucky enough to have a tracker rate mortgage and could, depending on your lender benefit those mortgage borrowers who are currently on the standard variable rate. 

The reduction is great news for the property market and is expected to offset any post Brexit uncertainty and if you are thinking of selling now is a great time to take advantage of great mortgage rates you could potentially get on your next purchase.

If you have any questions on how you might be affected by the change in the interest rate please don't hesitate to contact your local office.

Last modified on Thursday, 30 March 2017 13:44
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About us

MovingWorks have been established in Longton since 2000

MovingWorks now have offices in Longton and Burscough with Personal Property Consultants covering Preston, Chorley, Leyland and Bamber Bridge.

Head Office

Address : 4 Bridge Court
Little Hoole, Preston PR4 5BF
Phone : 01772 615550