Why today’s inflation news could be good news for homeowners

Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleHomeowners could see lower mortgage rates after inflation unexpectedly held at 2.8 per cent. The stable inflation figure reduces expectations that the Bank of England will increase its base interest rate. This shift is anticipated to drive down swap rates, which lenders use to price mortgage products, leading to cheaper borrowing costs. Experts predict a potential 'price war' among mortgage lenders, aiming to attract customers, especially the 1.8 million homeowners due to remortgage soon. Some analysts suggest the Bank of England's next move could even be a rate cut, marking a significant change from earlier forecasts. In fullInflation relief could ‘trigger a mortgage price war’ as interest rates predicted to fallThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

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