Ben Thompson, Deputy CEO at Mortgage Advice Bureau, says: “Another month of inflation falling is good news for homeowners and prospective buyers alike. Consecutive drops will reinforce the view that the worst of the interest rate hikes is behind us, and we’ve now reached the peak.
“Although base rates will likely remain high for some time to force a further drop in inflation, we could see a host of lenders looking to drop their rates further in the coming weeks.
"For homeowners approaching the end of their current deal, it’s vital they seek guidance from a mortgage adviser to find the right option for them. Likewise, prospective buyers should now be thinking about how to get mortgage ready by speaking with an adviser.”
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