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Today the Bank of England voted to reduce interest rates from 5.25% to 5%. Commenting on the decision, Kevin Shaw, our National Sales Managing Director, said: "The reduction in interest rates announced by the Bank of England today is good news for the property industry and the millions of people wishing to move, remortgage or get onto the housing ladder after a period of uncertainty. "LRG (our umbrella company) has seen positive trading in July, with sales figures strong and an increasing number of new applicants registering. Today’s decision is a strong indication that growth is here to stay. "There’s lot of pent-up demand in the market after months of political uncertainty and today’s decision on rates is the starting pistol that we’ve been waiting for. "After a good July, we look forward to an even better August and the likelihood, in many cases, of getting people into their new homes before Christmas." #bankofengland #baserate #interestrate #mortgages #movinghome

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