The Bank of England has reduced interest rates to 3.75%, the lowest in nearly three years, due to a faster-than-expected drop in inflation. While this is unfavorable for savers, it presents an advantageous opportunity for those considering a mortgage shortly.

The Bank of England has raised interest rates from 1% to 1.25% as it tries to get a handle on soaring inflation The rate rise follows another last month, when rates increased from 0.75% to 1% – they are now at the highest since 2009 Variable rate mortgages will go up by £12 a month […]