Marketing Newscast

(Edited 28 April 2025)

While recent tariff tensions have rattled global markets, they may bring unexpected benefits for homebuyers.

Economists and financial analysts now predict that the Bank of England will respond to the economic uncertainty by cutting interest rates in a bid to stimulate growth and avoid further downturn. With the base rate currently at 4.5%, three rate cuts are widely anticipated over the coming year. 

A property available to buy on City Road, EC1V

Coventry Building Society reduced its two-year fixed-ratemortgage to 3.89%, with Barclays reducing the rate on certain fixed-term deals to 3.99%

These interest rate reductions are expected to make homeownership more attainable, especially welcome news amid the cost-of-living pressures. First-time buyers and those looking to remortgage stand to benefit the most from these cuts.

Austin Homes, a leading estate agency specialising in buying, selling, and renting properties across London, has welcomed this news. Managing Director Austin Hayes commented, ‘The current economic climate is turbulent, and many buyers are understandably feeling uncertain about the future. However, falling interest rates offer some much-needed relief. At Austin Homes, our experienced team is here to guide clients through uncertainty and help them find the right property with confidence.’ 

For those seeking to capitalise on lower mortgage rates, Austin Homes remains a trusted partner in navigating London’s economic property market.