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“We were delighted to see the Bank of England deliver their first rate cut in August, bringing the base rate down from 5.25% to 5%. We can already see the positive effect this has had on the market, with both Residential and Buy to Let lenders dropping rates. With further rate cuts predicted throughout the remainder of 2024, we hope this stimulates the market even further. The rate reductions from Buy to Let lenders have certainly caused a spike in enquiries, with investors being able to see a more positive outlook for the Buy to Let market moving forward. We would love to speak with anyone considering moving, buying for the first time, remortgaging their residential home or investment property, or even if they have a general question about mortgages. Click on the link below to get in touch!”
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