Comment from LendInvest’s Hugo Davies on BoE Rate Cut: “It’s time to go further and relieve the squeeze”

London, 6 February 2025 – The Bank of England’s announcement to cut interest rates by 25 bps to 4.5% will begin to ease borrowing costs across the UK economy, including homeowners, landlords, and property developers.

Commenting on the announcement, Hugo Davies, Chief Capital Officer and Managing Director for Mortgages at LendInvest (LSE: LINV) said:

“This rate cut is a step in the right direction and a sign that borrowing costs are finally heading the right way. That’s good news for homeowners, landlords, and developers who have been navigating expensive finance for too long.

“But one cut will not be enough to revitalise the market or unlock the supply of homes the UK needs. And to be honest, the cut could have, and should have gone further. A 50bps cut would have given the markets a stronger signal of intent – and it’s clear some of the BoE panel wanted that move. It’s a pity, in our view, it didn’t happen.

“We need sustained action to drive affordability, encourage investment, and support growth. The Bank of England has made a start – now it is time to go further and relieve the squeeze.”

Hugo Davies, Chief Capital Officer and Managing Director for Mortgages at LendInvest

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Editor’s Note:

When referring to LendInvest, please note that it is one word. 

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