Movera comment on today's BoE base rate decision

08 May 2025

Sharon Beedham, Relationship Director at ONP Solicitors said:

“Even a modest 0.25% cut can have a ripple effect, especially in a market as sentiment-driven as property. Buyers and homeowners alike have been looking for signs that affordability is improving — and a small base rate reduction, even if largely symbolic, could be just enough to restore some consumer confidence.

“For those conveyancers who saw intense activity leading up to March’s stamp duty deadline, this could be the catalyst that helps smooth what might otherwise have been a prolonged lull. We may not see an overnight spike in completions, but this kind of incremental shift could encourage more remortgaging activity and keep the sales pipeline ticking over. From a sector perspective, it’s about interpreting market signals and being ready to respond to renewed buyer intent, however subtle.”