Mortgage rates falling

As the inflation outlook for the UK continues to improve with CPI falling from 4.6% to 3.9% in November lenders are responding by lowering their mortgage rates. Over the last few days we have seen substantial movements downwards with the likes of HSBC and Halifax now offering 5 year fixed rate mortgages for under 4%, a level not seen for nearly two years. Buy to Let mortgage rates are also falling rapidly in response to the drop in inflation bringing some relief to those Liverpool landlords that have finance on their buy to let investments in Liverpool City Centre.

With viewing levels in the Liverpool City Centre residential market higher than this time last year it bodes well for sellers of apartments in the city. Whilst many of the buildings in the city are still only available to cash buyers, an increasing numbers of developments in Liverpool city centre are now available to those buyers requiring mortgage finance. This is especially important to investors and landlords wanting to buy in the city centre as rents are continuing to rise by record amounts (over 12% during 2023).

If you have a property to sell or to let complete our online valuation request here