In the news this week<\/a>: interest rates are cut to 4.75% which will affect mortgages and house prices are at a record high…<\/p>\n <\/p>\n \u201cMany borrowers will be breathing a sigh of relief today as the outlook for mortgage rates improves once more, thanks to the Monetary Policy Committee\u2019s (MPC\u2019s) vote to bring down the base rate once more. It now sits at 4.75% after a 25bp fall from 5%, having been held at 5.25% since August last year\u201d\u2026<\/p>\n \u2060–\u00a0Eleanor Harvey, BuyAssociation<\/em><\/strong><\/p>\n Read the full article<\/a><\/p>\n <\/p>\n \u201cThe Bank\u2019s base rate cut bodes well for borrowers, who have faced a tricky few years navigating the mortgage market.<\/p>\n Those with mortgages that follow the base rate, such as a tracker mortgage, are likely to see an immediate change”\u2026<\/p>\n –\u00a0Annabel Dixon, Zoopla<\/em><\/strong><\/p>\n Read the full article<\/a><\/p>\n <\/p>\n \u201cHalifax\u2019s monthly house price index found that the cost of the average home hit \u00a3293,999 in October, the highest ever recorded, outstripping the \u00a3293,507 reached in June 2022.<\/p>\n The 0.2% rise in October is the fourth consecutive month of growth, and brought the annual growth rate to 3.9%, from 4.6% in September\u201d\u2026\u2060<\/p>\n –\u00a0Jack Simpson, The Guardian\u00a0<\/em><\/strong><\/p>\n Read the full article<\/a><\/p>\n <\/p>\n \u201cThe typical home will grow \u00a384,000 in value from now until 2029, according to latest house price predictions from Savills.<\/p>\n The property firm now predicts average home values to increase 4 per cent in 2025 and then 23.4 per cent by the start of 2029\u201d\u2026<\/p>\n –\u00a0Ed Magnus, This is Money<\/em><\/strong><\/p>\n Read the full article<\/a><\/p>\n <\/p>\n \u201cLiverpool Baltic isn\u2019t just about improving connectivity \u2013\u00a0it\u2019s about creating new opportunities, connecting our communities to jobs, education, and each other, and contributing to a healthier, greener Liverpool city region\u201d\u2026<\/p>\n –\u00a0Charlie Valentine, Place North West<\/em><\/strong><\/p>\n Read the full article<\/a><\/p>\n <\/p>\n <\/p>\n The 7am Cut BuyAssociation curates a weekly news letter of the top property news headlines \u2013 to receive your weekly round up of property news,\u00a0register today. In the news this week: interest rates are cut to 4.75% which will affect mortgages and house prices are at a record high… Interest rates cut to 4.75%… Read more »<\/a><\/p>\n","protected":false},"author":4212,"featured_media":6103243,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[349,716,59],"tags":[],"class_list":["post-6103242","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manchester","category-the-7am-cut","category-trending-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/6103242","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/users\/4212"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/comments?post=6103242"}],"version-history":[{"count":1,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/6103242\/revisions"}],"predecessor-version":[{"id":6103244,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/6103242\/revisions\/6103244"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media\/6103243"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media?parent=6103242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/categories?post=6103242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/tags?post=6103242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Interest rates cut to 4.75% as investor confidence rises<\/strong><\/h3>\n
Bank of England base rate falls by 0.25%: what does this mean for mortgages?<\/strong><\/h3>\n
House prices at record high, says UK\u2019s biggest lender<\/strong><\/h3>\n
<\/h3>\n
House prices will grow \u00a384k from now until 2029 with the North driving the boom as Savills uprates forecasts<\/strong><\/h3>\n
Liverpool\u2019s \u00a3100m Baltic Station chugs on<\/strong><\/h3>\n
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