{"id":4801,"date":"2024-08-01T14:48:32","date_gmt":"2024-08-01T13:48:32","guid":{"rendered":"https:\/\/oreillystewart.com\/?p=4801"},"modified":"2024-08-01T14:48:32","modified_gmt":"2024-08-01T13:48:32","slug":"interest-rate-cut-set-to-boost-property-market","status":"publish","type":"post","link":"https:\/\/oreillystewart.com\/interest-rate-cut-set-to-boost-property-market\/","title":{"rendered":"Interest Rate Cut Set To Boost Property Market"},"content":{"rendered":"

Thomas Greenaway<\/a> Associate Solicitor at O\u2019Reilly Stewart Solicitors has welcomed the announcement today of an interest rate cut by the Bank of England.<\/p>\n

Commenting he said \u201cFor the last number of years, many prospective buyers have been put off purchasing their home due to excessive rates on mortgages. Although the property market has remained strong in recent months, despite high interest levels, many have been unable to afford the property they desired previously and those who have proceeded to buy a property with a mortgage have been faced with very high monthly payments.<\/p>\n

\u201cThis announcement today will allow for an upturn in the property market as many will benefit from more affordable monthly mortgage rates. From a conveyancing perspective, this reduction in interest rates will also bring about much support to those seeking to buy their first\/next home, remortgage their property, or invest in a property, as monthly mortgage payments will also be reduced.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Thomas Greenaway Associate Solicitor at O\u2019Reilly Stewart Solicitors has welcomed the announcement today of an interest rate cut by the Bank of England. Commenting he said \u201cFor the last number of years, many prospective buyers have been put off purchasing their home due to excessive rates on mortgages. Although the property market has remained strong […]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"class_list":["post-4801","post","type-post","status-publish","format-standard","hentry","category-uncategorised"],"acf":[],"yoast_head":"\nInterest Rate Cut Set To Boost Property Market - O\u2019Reilly Stewart Solicitors - Belfast, Northern Ireland, Legal Firm<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/oreillystewart.com\/interest-rate-cut-set-to-boost-property-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Interest Rate Cut Set To Boost Property Market - O\u2019Reilly Stewart Solicitors - Belfast, Northern Ireland, Legal Firm\" \/>\n<meta property=\"og:description\" content=\"Thomas Greenaway Associate Solicitor at O\u2019Reilly Stewart Solicitors has welcomed the announcement today of an interest rate cut by the Bank of England. Commenting he said \u201cFor the last number of years, many prospective buyers have been put off purchasing their home due to excessive rates on mortgages. 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