Manchester based news-outlets have recently covered the decision to freeze interest rates for homeowners.
Our very own Head of Residential Property, Carl Fletcher, gave his expert insight on the situation and how it can be beneficial to home owners:
“The decision by the Bank of England to freeze interest rates is welcomed – particularly by those property owners on tracker rates, who will not suffer any further increases in their monthly payments.
“Some market analysts also predict that it is likely that lenders will continue to reduce interest rates on their products, which is great news for those who are looking to enter the market and able to act fast.
“It will also hopefully provide a period of stability for current mortgage holders.”
Read the full news article HERE