UK mortgage holders may benefit from a slight drop in inflation from 2.6% to 2.5% in December 2024

UK mortgage holders may benefit from a slight drop in inflation from 2.6% to 2.5% in December 2024. This could prompt the Bank of England to cut interest rates, potentially lowering mortgage payments. However, factors like rising wages and energy prices could increase inflation later in 2025. The Bank is expected to lower rates by 25 basis points in February 2025, offering relief to homeowners with variable-rate mortgages. Despite some inflationary risks, rate cuts could stimulate the housing market and provide financial relief. Mortgage holders should stay informed and consult with brokers.

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UK Mortgage Holders to Benefit from Falling Inflation: What This Means for Rates