{"id":1115,"date":"2025-07-04T15:31:53","date_gmt":"2025-07-04T15:31:53","guid":{"rendered":"https:\/\/second-home.uk\/?p=1115"},"modified":"2025-07-04T15:31:53","modified_gmt":"2025-07-04T15:31:53","slug":"mortgage-holders-waiting-for-june-base-rate-cut","status":"publish","type":"post","link":"https:\/\/second-home.uk\/?p=1115","title":{"rendered":"Mortgage holders waiting for June base rate cut"},"content":{"rendered":"<p>Online remortgage searches dropped by 10% in June, indicating that many are waiting for an expected base rate cut.<\/p>\n<p>That is according to tech firm Twenty7tec, which found that searches dropped by 71,080 last month.<\/p>\n<p>The Bank base rate was previously held at 4.25% in May, with the next meeting taking place on 19th July.<\/p>\n<p>Economists widely expect a 0.25% base rate cut, as inflationary pressures in the form of wage inflation and energy prices are cooling.<\/p>\n<p>Cutting the base rate is seen as a key factor that could prompt economic growth.<\/p>\n<p>Nathan Reilly, director at Twenty7tec. \u201cDespite the recent Bank of England announcement that interest rates would be held rather than raised, we are witnessing a quiet yet growing confidence that rates will continue to fall this year.<\/p>\n<p>\u201cWe\u2019ve seen months of high remortgage activity, but now people are holding back. There\u2019s undoubtedly a significant portion waiting to commit \u2013 potentially influenced by increasing media coverage, with predicted autumn rate cuts encouraging a \u2018wait and see\u2019 approach.\u201d<\/p>\n<p>Overall, June saw 1.73 million mortgage searches, up 11.75% from June last year but down 7.78% from May.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Online remortgage searches dropped by 10% in June, indicating that many are waiting for an expected base rate cut. That is according to tech firm Twenty7tec, which found that searches dropped by 71,080 last month. The Bank base rate was previously held at 4.25% in May, with the next meeting taking place on 19th July. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1116,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-1115","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-second-home"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Mortgage holders waiting for June base rate cut - Second Home<\/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:\/\/www.propertywire.com\/finance\/mortgage-holders-holding-fire-due-to-expected-june-base-rate-cut\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mortgage holders waiting for June base rate cut - Second Home\" \/>\n<meta property=\"og:description\" content=\"Online remortgage searches dropped by 10% in June, indicating that many are waiting for an expected base rate cut. That is according to tech firm Twenty7tec, which found that searches dropped by 71,080 last month. The Bank base rate was previously held at 4.25% in May, with the next meeting taking place on 19th July. 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