Bank of England holds interest rates at 4.5%. CEO, Butterfield Mortgages Limited comments on how the news will impact the UK property sector.
Alpa Bhakta, CEO of Butterfield Mortgages Limited, said: “While property investors were hoping for a rate cut, the economic climate and property investment outlook are in a much better position than in previous years. It’s important to remember, the upcoming Spring Budget and new tax year could influence market conditions and introduce some uncertainty. As such, it’s essential for lenders to stay proactive, supporting borrowers and brokers, to ensure the market can capitalise on its strong start to the year.”
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