Tom Bill: Rate cut expectations fade amid mixed economic signals

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Borrowing costs have risen in recent weeks, driven partly by stronger-than-expected UK economic data, dimming hopes of cheaper mortgages, reports Knight Frank’s UK resi research boss. However, lingering domestic and global uncertainty means downward pressure on rates could re-emerge.

Written by

Tom Bill

Head of UK Residential Research at Knight Frank

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.

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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.
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