Majority of BTL brokers expect 0.25% base rate cut
Summary by theintermediary.co.uk
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Majority of BTL brokers expect 0.25% base rate cut
Three in five buy-to-let (BTL) brokers expect a 0.25% cut to the base rate on 8th May, research from Landbay found. When asked what they thought would happen to the base rate in May, the Landbay survey revealed that 71% said they expect a cut. Of those, 61% predict a 0.25% reduction, and 11% expect a 0.5% cut. Around 27% thought there would be no change, while 2% believed the rate would increase. Rob Stanton, sales and distribution director at…
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