How to be mortgage-ready by the time interest rates start to drop

The Bank of England is making its next base rate decision next month. Rates are expected to drop this summer. Here’s how to be mortgage-ready before interest rates fall

Stacks of British pound coins with model houses on them.
(Image credit: IAN HOOTON/SCIENCE PHOTO LIBRARY)

The Bank of England base rate has stood at 5.25% since August 2023, but this could change when the next base rate decision is announced on 1 August 2024. 

The base rate helps inform the interest rates for mortgages, savings accounts, credit cards, loans and everything else that comes with an interest rate attached.

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Jacob Wolinsky

Jacob is an entrepreneur, hedge-fund expert and the founder and CEO of ValueWalk. 

What started as a hobby in 2011 morphed into a well-known financial media empire focusing in particular on simplifying the opaque world of the hedge fund. 

Before devoting all his time to ValueWalk, Jacob worked as an equity analyst specialising in mid- and small-cap stocks. Jacob also worked in business development for hedge funds. 

He lives with his wife and five children in New Jersey. 

Jacob only invests in broad-based ETFs and mutual funds to avoid any conflict of interest that could arise from buying individual stocks.