Today, the Bank of England has cut the base interest rate by 0.25%, reducing it from 4.5% to 4.25%—a move widely predicted and warmly welcomed by the property sector.
This could be the first in a series of reductions this year as the Bank seeks to support economic growth. Inflation, currently at 2.6%, remains slightly above the 2% target. The decision was made by a narrow 5-4 majority at the latest meeting of the Bank’s Monetary Policy Committee (MPC), with current financial data and market swap rates strongly indicating a need to ease borrowing costs.
Andrew Cardwell, Managing Director of Cardwells Estate Agents, which serves both Bolton and Bury, said the news is a timely boost for buyers and sellers alike:
“This rate cut is exactly what the market needed. It’s a signal of intent from the Bank of England to stimulate growth and encourage more activity in the property sector. For people looking to move, invest or remortgage, this change makes borrowing more affordable and confidence is likely to rise.”
He added: “We’ve already seen encouraging levels of interest across Bolton and Bury in early 2025, and this development should only accelerate momentum as we head towards the summer. The timing is excellent given the recent stamp duty increases. If further cuts follow, as many anticipate, we could see a busy second half of the year for the local housing market.”
Cardwell also noted the broader market sentiment:
“With the potential for rates to fall to around 3.5% by the end of the year, the outlook is positive. We expect more first-time buyers to come forward, more movers to make decisions, and a renewed sense of optimism.”
Cardwells Estate Agents, with over 40 years of experience in the Bolton, Bury and wider Greater Manchester and Lancashire property markets, encourages anyone considering a move to get in touch for expert, friendly advice on how these changes could benefit them.
Cardwells Estate Agents Bolton and Cardwells Estate Agents Bury are available for an up-to-date property valuation. We can provide an accurate valuation of your property for free, and that may be a great place to start the process of potentially selling your property in Bury or Bolton. Just put a few details in this form, and we will go from there: https://www.cardwells.co.uk/sell-with-cardwells/
If you are considering selling a house in Bury, be it through auction or traditional methods, letting a property in Bury, or selling a commercial property in Bury, for example, Cardwells Estate Agents Bury is your ideal starting point for all your residential and commercial property needs. Just call Cardwells Estate Agents Bury on 01617611215, email: [email protected], or visit www.Cardwells.co.uk or pop your details into this form and we will call you back https://www.cardwells.co.uk/sell-with-cardwells/
Suppose you are thinking of selling a property in Bolton via auction or a more traditional method, letting a house in Bolton, selling commercial property in Bolton, letting a flat in Bolton, letting a shop in Bolton, selling a home in Bolton, for example. In that case, Cardwells Estate Agents Bolton are your perfect Estate Agents in Bolton. Cardwells Estate Agents Bolton 01204381281, email: [email protected] or visit us at www.Cardwells.co.uk or pop your details into this form and we will call you back https://www.cardwells.co.uk/sell-with-cardwells/
Cardwells can introduce you to independent financial advisors who can help you find the best possible mortgage product for your upcoming move or remortgage. Just fill in the form here: https://www.cardwells.co.uk/mortgages-financial-services/, and we will pass your details on to them.
Cardwells are the market-leading estate agents in Bolton and Bury. They are here to work for you and get you the best possible price for your home. Cardwells Estate Agents is a long-established company, having been formed by Andrew’s Father, Richard, in 1982.
Cardwells Estate Agents Bolton:
01204381281
[email protected]
www.Cardwells.co.uk
Cardwells Estate Agents Bury
01617611215
[email protected]
www.Cardwells.co.uk
