According to Forbes Advisor, Bank Rate was held at 5% in September by the Bank of England’s rate-setting Monetary Policy Committee (MPC).
Interest rates had been cut to 5% from 5.25% in August – the first reduction since March 2020. They had remained at that level since August 2023 having undergone 14 following rises from December 2021, when they stood at just 0.1%. The next interest rate announcement will be on 7 November.
With interest rates now seeing a significant drop, it is important to find the correct lender with the best interest rates for your mortgage. Especially if your current deal is coming to an end.
Luff Associates works with Asset Harbour, a local Mortgage and Protection Company, who have access to over 100 lenders and have access to exclusive deals not available on the High Street.
If you would like their advice, please let us know and we can arrange for them to contact you.
Important Disclosure: The content provided does not consider your particular circumstances and does not constitute personal advice.
