At long last, the much predicted and hoped for first cut to interest rates has finally been delivered. The Bank of England have reduced the rate from 5.25% to 5%. Whilst a small step, it is in the right direction for mortgage holders across the country. For those with a mortgage of £100,000 it is only about £21 per month less, but it is hoped that more will follow.

If you are selling, you might find that this will give a little bit more confidence to the market which may make it a good time to list your property. If you list it with Key One Property, the good news is that our sales fee is only 0.5%, less than half of many other agents. 

For tenants, it may not be enough to kerb increasing rents as landlord mortgage payments have risen by 4.5% in under four years. To put that into perspective, on a mortgage of £100,000, that has been an extra £375 per month, and rents have not caught up with that type of increase. 

Selling with Key One Property: Our sale fee is 0.5% with extra VAT*

*subject to min fee, marketing fee, t&cs.