Interest Rate Cut to 4.5% – Will It Be Good News for Lancaster and Morecambe Home Movers?

The Bank of England has decided to cut the interest rate from 4.75% to 4.5%. What might this mean for homeowners, buyers, landlords and sellers in our area? Firstly, why does the Bank of England’s interest rate matter? Mortgage lenders decide the interest rates they charge on mortgages using the Bank of England’s official interest […]