Keep up to date with the latest Stags news
Lee Flay BSc Hons, Partner at Stags, shares his thoughts on the recent interest rate cut:
Today, the Bank of England reduced its base rate to 4%, marking the third in what could be four planned reductions during 2025. Back in December, Governor Andrew Bailey told the Financial Times that up to four 0.25% cuts were on the table for the year, although the exact path remains uncertain due to various economic pressures. Nonetheless, the trend suggests a potential easing to around 3.5% over time.
Impact on the mortgage market
This latest adjustment is set to have a positive ripple effect across the mortgage sector. Lower borrowing costs could give prospective buyers greater confidence and unlock access to more attractive mortgage products. This shift may encourage more individuals to decide to move, whether it's purchasing their first property or moving up the ladder.
Increase in Sales
As buyers gain confidence, sellers are also likely to follow suit, supporting a healthier and more active property market across the South West. Stags has already observed a 25% rise in sales, and we anticipate that the rate cut will add further momentum as we head into autumn.
If you’re considering a move in the West Country, this could be an ideal time to act. Choosing the right agent and leveraging a well-planned marketing approach remain essential to securing the best possible outcome.
Our experienced Stags teams are here to help and would be happy to support you on your next property journey.
