Just a few months back, experts believed the first half of 2024 would be defined by the first interest rate cut since March 2020 and a rebound in home sales.
Instead, any recovery in the housing sector over the last six months has been marred by a volatile and unpredictable mortgage market. New products offering better rates have been launched and withdrawn, sometimes within 72 hours, and the long-awaited fall in the Bank of England base rate — dictating mortgage repayment rates — has remained elusive.
