Movera comment on MPC interest rate decision
07 August 2025
Nick Hale, CEO of Movera, commented:
“The Bank of England’s decision to cut interest rates for the third time this year by 25 basis points is a welcome boost for the mortgage market, with some lenders already reducing their rates ahead of time. Crucially, this continues to offer relief for borrowers and should lead to an increase in buyer momentum and demand for remortgages.
“With further interest rate cuts expected to follow – enabling transactions to increase further - it is crucial that the sector works quickly to streamline the homebuying and remortgaging process to ensure these transactions are dealt with quickly and efficiently. Our aim is to support the industry through this process, providing digital products and solutions that can make this a reality.”
