Bank of England base rate cut is good news for home movers

Lee Hounslow, Mortgage Services Manager at Connells in Shirley.

The recent announcement by the Bank of England to cut the base rate is good news for home movers, according to local estate agency Connells in Shirley.  Now at a historic low of 0.25%, this could bring more competitive mortgage products onto the market and Connells is encouraging current and prospective home owners to come in for some guidance on what this could mean for them.

“The interest rate cut is positive news for those planning to move home or step onto the property ladder for the first time,” says Lee Hounslow, Mortgage Services Manager at Connells in Shirley.  “This could mean even better rates on mortgage products and therefore potential savings on monthly repayments for borrowers.  All in all making homeownership more attractive and reviewing your current mortgage situation a financially astute decision.”

Lee continues:  “Connells has access to a range of highly competitive and exclusive mortgage products* and savvy home buyers would do well to consider what’s available to them.  We invite anyone looking for more information on how to benefit from the interest rate cut to come in and discuss their home moving needs with us.”

Connells offers a range of services including residential sales, home conveyancing and mortgage services to local home buyers, sellers and investors.   To speak to a mortgage advisor, please call the local branch on 02380 789351 or email: