The i - Hope for mortgages - with winter 2025 interest rate cut now back 'on cards'
The chance of the Bank of England cutting interest rates before the end of the year has increased, in good news for mortgage holders.
Inflation in the year to September was revealed as being 3.8% which was lower than most economists expected.
Aaron Strutt, product and communications director at Trinity Financial, added: “I suspect the base rate will come down in December and if it does, then mortgage rates may edge down a bit.
“Normally when we are heading towards the end of the year some of the bigger lenders lower their rates to attract business and it may well happen again over the coming weeks.”
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