Interest rate forecast

Interest rate forecast

In this speed read we take a quick look at interest rates

  • The low interest rate environment the UK has experienced for over the past decade is set to remain, although rates are anticipated to rise.
  • The consensus forecast, based on the expectations of 18 different city and non-city analysts, expects interest rates will nudge slightly higher over the final quarter of 2021, ending at 0.12%.
  • The base rate of interest has been 1% or lower since February 2009 when rates were slashed in the wake of the Global Financial Crisis. Rates may well rise back to 1% in 2024.
  • The cost of borrowing remaining low is positive news for the housing market and those with a mortgage. The current average mortgage rate is just 2.05%, a historic low (Bank of England).
  • Source: Dataloft, consensus forecasts, August 2021


Get in touch with us

Spooky season is upon us. It's all pumpkin-spiced lattes and woolly jumpers, and TV is filled with re-runs of classic horror movies. But a haunted house is haunted all year round, isn't it? Would you live in a haunted house?

Do you have a property rented out and are considering selling it? Are you wondering whether this is even possible or how to go about relieving yourself of the duties of being a landlord? Read this article to find out.

Planning a move in 2025? With recent stamp duty changes, seasonal market shifts, and the average time it takes to sell a property, getting the timing right has never been more important. Here’s a guide to help you prepare your move strategically, so you can achieve the best outcome.

Since 2014, UK house prices have climbed by 65.4%, but this national figure masks the varied growth across regions. In places like Attleborough, property values reflect distinct local factors, leading to differences in growth rates from city to city and town to town.