Good News ! Base Rate Holds Firm....And FTBs expected to rise

3rd November 2023

Bank Of England Holds Base Rate Firm !

Meaning the Government's plan to slow down inflation seems to be taking effect.

Whilst lending rates are still higher than they were a year ago, lenders are keen to invite new borrowers into the market, with better fixed terms and incentives to encourage borrowers to step off the letting merry-go-round and promote themselves towards their own home ownership.

The latest industry predictions are that the number of First Time Buyers entering the market will increase substantially over the 2024-2025 period ,with constantly rising rents and lower fixed term mortgages a major factor in their decision making.

If you are looking for financial advice, please contact our office and we will be pleased to put you in contact with professional financial brokers who can advise you of the best.mortgage deals in the market, as well as talking you through the process of applying for your first mortgage .

We are always here to help and advise where we can.


Littlewood's Estate Agents
03/11/2023