We are excited by the news that the Bank of England base rates were lowered from 5.25% to 5% on Thursday 1st August 2024.
What does this mean for buying and selling property?
- If you need a mortgage to purchase a property you may be able to get lower interest rates and a better deal from lenders.
- As the interest rate is lower, there is more opportunity for First Time Buyers to purchase their first home – First Time Buyers can also benefit from James Legal’s reduced legal fees, contact us today for more information.
- There will be more options available for purchasers.
- If you are selling a property you may receive more interest in your property which could mean there is a higher chance of selling it for a good price more quickly.
- If you are coming to the end of your fixed mortgage term you may be able to remortgage to a better interest rate.
How can we help you?
- If you are selling your home, whether you have received an offer from a buyer or just want to be ready once you have, contact us to find out what happens during the legal process and how much to budget for legal fees.
- If you are a First-Time Buyer and you want to find out what happens during the buying process and want to make the most of our First-Time Buyer deal, contact our office and we’ll be pleased to help.
- If you are moving home and need legal help with selling and buying and have any questions about the process, contact us for a free no-obligation chat.
- If you are investing in property and need legal advice, contact our team to start building a relationship with someone you can trust.
- If you are remortgaging and making the most of the lower interest rates, call us to find out what is involved and how much we charge.
If you would like any more information, please contact us on 01482 225566 or info@jameslegal.co.uk
