Movera comment on the MPC's base rate decision

06 November 2025

Nick Hale, CEO of Movera, commented:

“Given Rachel Reeves has been unable to rule out raising taxes in the Autumn Budget, a base rate cut would have provided some relief for borrowers and introduced some much-needed momentum into the market, especially with flat inflation.

“While transaction figures persevere, the latest data from Zoopla highlighted that some prospective buyers are continuing to hope that good things come to those who wait.

“The home-moving sector mustn’t sit back, however. We have it in our power to inject our own momentum by doing what we can to speed up property transactions.

“Streamline your processes. Reflect on your use of digital tools and where these can be integrated. Request those surveys straight away. Collaborate with parties on the other side of transactions, don’t slow each other down. The government’s proposed reforms are a step in the right direction, but we can’t wait for change to fall into our laps. We need to act now.”