Bank of England makes first interest rate cut since 2020
In a significant move, the Bank of England (BoE) has announced a 0.25% reduction in the Base Rate, bringing it down to 5% this month. This marks the first rate cut in four years, following a period of consistent hikes aimed at curbing high inflation. If you’re thinking of moving, renting or buying, and want […]
Spring Budget 2024 – Impact on Landlords
The Chancellor of the Exchequer presented his Spring Budget 2024 to Parliament on Wednesday 6 March 2024, the anticipation surrounding its potential effects on the property market was palpable, especially amidst the lingering economic uncertainties. While many speculated on radical changes, the Budget largely aligned with expectations, offering no ground-breaking surprises. Notably absent were previously floated […]
Is buying a home with a swimming pool right for you?
As the days gradually lengthen and spring begins to emerge, our thoughts naturally turn towards warmer weather and outdoor living. Amidst this anticipation, the allure of owning a home with a swimming pool often takes centre stage. Whether you’re contemplating adding this luxury to your property or exploring homes already equipped with this enticing feature, […]
How to create the ultimate home library
A home library is a dream for many. Whether you’re an avid reader, a collector of literary treasures, or simply seeking a tranquil space for relaxation, a home library offers a sanctuary. Be it a cosy corner or a dedicated room, it’s a space where you can immerse yourself in the world of books. You […]
Bank of England holds Interest Rate at 5.25% – What it means for your Mortgage
In a recent and critical update, the Bank of England (BoE) has chosen to maintain the base interest rate at a steady 5.25%. This decision follows a remarkable series of 14 consecutive increases, which had driven the Base Rate from a mere 0.1% in November 2021 to its current level. As leading estate agents in […]
A quick look at the latest mortgage interest rates
As the leading estate agents in Wentworth and Virginia Water, we recognise the significance of staying up-to-date with the latest market developments when you are considering buying your next home. We believe that a well-informed buyer is an empowered one, and therefore, so that you can make sound and informed decisions regarding your next home […]
Potential impact on mortgage rates as interest rates rise to 4.5%
The Bank of England (BoE) recently announced a 0.25% increase in the Base Rate, marking the twelfth consecutive rise and pushing interest rates to a 15-year high of 4.5%. The objective behind these consistent rate hikes is to address the persistent high levels of inflation, which stood unexpectedly high at 10.1% in the year ending March, […]
Ultra-low interest rates set to return to UK
Great news for those in the market for a fixed-rate mortgage – banks and building societies are gearing up to slash costs in the short to medium-term. This is due to the International Monetary Fund (IMF) having now predicted that ultra-low interest rates will return to the UK shortly, with inflation set to fall sharply […]
