Bank of England Cut Interest Rates

Bank of England Cut Interest Rates

The Bank of England has cut interest rates for the second time this year as expected.

Policymakers at the Bank of England have opted to reduce interest rates to 4.75% today.

Rates sat at 5% after being cut by 0.25% points in August, the first reduction since 2020. They were then kept the same in September.

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The rental market continues to shift, with new rules, rising rents and affordability pressures all shaping landlord decisions. July is a good time to review your property and your plans.

A fresh coat of paint can help, but missing paperwork can delay a sale for months. Use August to prepare the information buyers and solicitors will need before an offer is agreed.

The rental market is still growing, but the way properties are managed has changed. August is a useful time for landlords to review tenancies, rent processes and record-keeping.

As school holidays approach, family buyers often become more focused. For sellers with space, gardens or flexible rooms, July can be a useful moment to attract motivated movers.