Tom Bill: Mortgage rates drop but uncertainty grows around Bank’s next move
The recent MPC vote highlighted how unpredictable its future decisions may be, explains Knight Frank's head of UK resi research.

Tom Bill is Head of UK Residential Research, producing reports that include Knight Frank’s flagship Prime Central London indices, the Super Prime London Insight and the London Residential Review. He has written detailed reports on London sub-markets and contributes to The Wealth Report and Global Cities report. Tom, a former Bloomberg and Reuters property journalist, is a regular media contributor on the London property market and has presented at events in Europe and the Middle East.
Tom Bill: Sellers move quicker than buyers this autumn as rates drop
Although more sub-4% mortgages are appearing, uncertainty ahead of the Budget means some buyers are hesitant, writes Knight Frank's head of UK resi research.
By Tom Bill
Tom Bill: Nerves & mortgage rates rise ahead of inflation data & Bank decision
Rates are increasing as financial markets price in a period of more stubborn inflation, says Knight Frank's head of resi research.
By Tom Bill
Tom Bill: What does the higher bank rate mean for the UK housing market?
Lenders are tinkering with mortgage rates as a contradictory set of events unfold but higher rates are here to stay, says Knight Frank's head of resi research.
By Tom Bill
Companies in this article
Knight FrankMost read
International buyer snaps up £24mn trophy apartment in Kensington
Agency tucks away 'outstanding' 5,500 sq ft unit overlooking Kensington Palace Gardens, bucking the wider slowdown in London’s super-prime market.
‘It feels as though we have just signed Ronaldo’: Brokerage recruits ex-Chestertons director Riveros
Seasoned West End operator joins Mayfair-based Harris Le Beau.
Allsopp warns tax uncertainty has ‘paralysed’ the housing market
TV presenter blames Budget rumours and high transaction charges for freezing sales activity.
Ballymore caps Embassy Gardens mega-project with Manhattan-inspired finale
Art Deco-themed riverside scheme, The Capston, will deliver 247 homes across two buildings, with prices reaching £7mn & completion slated for 2028.
Prime property market sentiment drops to a five-year low
Savills blames 'unprecedented' speculation around possible tax hikes in November, as top-end property prices fall across the board.
By PrimeResi
Luxury serviced apartment block opposite Hyde Park hits the market at £35mn
Agents instructed on prominent freehold building with 17 high-end units - including a chunky penthouse - and scope for an international brand tie-up.
Agency toasts latest super-prime deal at The OWO
Sale of £13.95mn residence at landmark Whitehall scheme 'underscores the city’s resilience and enduring global appeal,' says Knight Frank.
Buyers hunt for value in London’s most exclusive postcodes
Demand is being drawn back to the centre of the capital, reports Knight Frank, as new analysis shows how just how far premiums have shrunk over the last decade.
Deal sealed on near-£23mn super-home in St George’s Hill
Buyer picks up 'ambassadorial' Julian Bicknell-designed mansion on the exclusive private estate in Surrey.
Knight Frank parts company with Paris partner
Agency teases that it 'remains fully committed to the Parisian market'.
By PrimeResi
LATEST ARTICLES
Strutt & Parker strengthens super-prime lettings team
Long-established estate agency brings in lettings specialist Minnie Stainrod from UK Sotheby’s International Realty as part of new growth phase.
Another major agency cuts 2025 property price growth forecasts
London prices to continue to underperform the national average this year, says CBRE, but the capital is tipped to see the highest growth of any UK region over five years.
By PrimeResi
Chestertons owner Campions recruits new Head of Property Services
Rupert Bennett is now in charge of Campions Group's estate agency brands, including Chestertons and Chase Buchanan.
By PrimeResi
In Pictures: Remarkable & historic house overlooking Tower Bridge seeks £16mn
This 'statement property' with 'unrivalled security' at the entrance to St Katherine Docks is on the market for the first time in 30 years.
By PrimeResi
Developer secures financing for Marylebone townhouse transformation
Consented plans allow the former HMO to be reinstated as a single grand residence.
By PrimeResi