{"id":12470,"date":"2025-08-18T16:11:31","date_gmt":"2025-08-18T15:11:31","guid":{"rendered":"https:\/\/www.craneandco.co.uk\/pages\/?p=12470"},"modified":"2025-08-18T16:11:31","modified_gmt":"2025-08-18T15:11:31","slug":"interest-rate-cut-to-4-a-reason-to-consider-making-a-move","status":"publish","type":"post","link":"https:\/\/www.craneandco.co.uk\/pages\/interest-rate-cut-to-4-a-reason-to-consider-making-a-move\/","title":{"rendered":"Interest Rate Cut to 4%: A Reason to Consider Making a Move"},"content":{"rendered":"

In this article, we\u2019ll look at what the latest Bank Rate reduction means for buyers and movers. And we\u2019ll ask whether it could be a good time to make your move.<\/strong><\/span><\/h3>\n

What has happened to interest rates?<\/strong><\/span><\/h3>\n

At their latest meeting, the Bank of England decided to cut the official interest rate (also known as Bank Rate) to 4%.<\/p>\n

At 4%, this is the lowest rate since the beginning of 2023.<\/p>\n

Some experts think the cut was an odd decision. The Bank forecasts inflation will rise to 4% next month, double its target of 2%. Elevated inflation rates usually see rates go up, not down.<\/p>\n

Will the interest rate go any lower?<\/strong><\/span><\/h3>\n

Bank Governor Andrew Bailey gave a few clues. He said, \u201cIt remains important that we do not cut Bank Rate too quickly, or by too much.\u201d He suggested there would be a \u201cgradual and careful approach\u201d in future. He added, \u201cMonetary policy is not on a pre-set path\u201d.<\/p>\n

Following the latest announcement, experts are split on whether there will be any more Bank Rate cuts this year or not.<\/p>\n

Does this make it a good time to move \u2026. and why?<\/strong><\/span><\/h3>\n

On the face of it, the official rate cut is good news for those looking for a mortgage. Many lenders have already trimmed their lending rates in anticipation. (Note that interest rates charged by lenders are not the same as the Bank Rate.)<\/p>\n

But here is something you should consider: As more buyers catch on to the availability of cheaper mortgages, interest in buying could rise, houses could sell more quickly, and prices could start to increase, too.<\/p>\n

The latest Halifax House Price Index suggests there is a link between improving affordability and house price gains.*<\/p>\n

If that happens, any savings on mortgage repayments could be wiped out by higher prices.<\/p>\n

Consider your options<\/strong><\/span><\/h3>\n

Right now, it could be a window of opportunity if you have been thinking of moving, investing or buying for the first time.<\/p>\n

Look at what\u2019s available to buy right now.<\/p>\n

Obtain a valuation if you have a property to sell.<\/p>\n

Work out a budget. Decide what you can afford.<\/p>\n

Look at your mortgage options. Take expert financial advice. (This article is NOT mortgage advice.)<\/p>\n

Then make your own decision on whether now is a good time to make your move.<\/p>\n

If you\u2019re looking for a property to buy, why not contact us to see what we have on our books? If you have a property to sell, why not contact us for a valuation and marketing advice?<\/strong><\/span><\/h3>\n

We hope you\u2019ve found these thoughts useful. Please feel free to forward or share them with your friends and colleagues.<\/p>\n

* Source: Halifax HPI 7\/8\/25<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

In this article, we\u2019ll look at what the latest Bank Rate reduction means for buyers and movers. And we\u2019ll ask whether it could be a good time to make your move. What has happened to interest rates? At their latest meeting, the Bank of England decided to cut the official interest rate (also known as […]<\/p>\n","protected":false},"author":3,"featured_media":12471,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[12],"tags":[8,32],"class_list":["post-12470","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","tag-advice","tag-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.craneandco.co.uk\/pages\/wp-json\/wp\/v2\/posts\/12470","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.craneandco.co.uk\/pages\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.craneandco.co.uk\/pages\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.craneandco.co.uk\/pages\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.craneandco.co.uk\/pages\/wp-json\/wp\/v2\/comments?post=12470"}],"version-history":[{"count":1,"href":"https:\/\/www.craneandco.co.uk\/pages\/wp-json\/wp\/v2\/posts\/12470\/revisions"}],"predecessor-version":[{"id":12472,"href":"https:\/\/www.craneandco.co.uk\/pages\/wp-json\/wp\/v2\/posts\/12470\/revisions\/12472"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.craneandco.co.uk\/pages\/wp-json\/wp\/v2\/media\/12471"}],"wp:attachment":[{"href":"https:\/\/www.craneandco.co.uk\/pages\/wp-json\/wp\/v2\/media?parent=12470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.craneandco.co.uk\/pages\/wp-json\/wp\/v2\/categories?post=12470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.craneandco.co.uk\/pages\/wp-json\/wp\/v2\/tags?post=12470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}