Nicole Bremner

Send us a textFor This Week in Wealth I caught up with property expert Eyeedul Haque on the recent Bank of England rate cut and April's property price numbers. We explore how interest rate changes affect buyer behaviour, mortgage rates and the rental market, while also analysing transaction trends and approval rates. Find out why Eyeedul believes now is the time to act quickly while it's still a buyer's market. Interest rates have been reduced to 4.25%.Inflation is forecasted to rise to about 3.1%.The Bank of England aims to encourage spending to avoid recession.Mortgage rates are dropping, making it a good time to buy.House prices increased by 3.4% year-on-year according to Nationwide.Rents have increased by 1.2% nationally, but decreased in London.Transaction rates spiked due to the end of the stamp duty holiday.It's crucial to act now in a buyer's market to secure properties.Understanding fees is essential when considering mortgage options.The housing market is expected to see more