Tim Parkes, CEO of RAW Capital Partners, was quoted in an article on mortgages & investments after the budget and rate reduction to 4.75%.
“Any rate reduction is positive news for the lending and property markets. Although rates may never return to the historic lows seen between 2008 and 2021, they are trending in a favourable direction, making it easier for homeowners and investors to manage both current and future loans.
“Looking ahead to 2025, we expect specialist finance demand to grow, provided that brokers and lenders can support borrowers with the financial products and expertise they will need to navigate the changing political and economic landscapes with confidence.”
The full article can be found here: The Telegraph