The Bank of England has recently reduced its base rate from 4.25% to 4%, following a close vote by the Monetary Policy Committee (MPC). This marks the third rate cut of 2025, and for anyone considering a move, it could make a real difference.
With mortgage rates edging down, there has never been a better time to explore buying a new build home—and at J&K Developments, our exclusive Holly Road development in Uttoxeter presents the perfect opportunity.
Why Has the Base Rate Been Cut?
The Bank uses interest rates as one of its main tools for managing inflation. Higher rates encourage saving and slow spending, while lower rates are designed to stimulate activity in the economy.
Although inflation is still sitting at 3.6% (above the 2% target), forecasts suggest it will fall back towards the Government’s target in the coming months. That’s why the Bank has taken the proactive step of lowering the base rate now—making borrowing more affordable for homeowners and buyers alike.
How Does This Affect Mortgages?
For homebuyers, the base rate cut can mean more favourable mortgage deals, depending on the type of product:
Tracker mortgages – These directly follow the base rate, so your monthly payments will likely fall by 0.25 percentage points. On a £200,000 mortgage, that’s around £30 saved each month.
Variable-rate mortgages – Lenders may reduce these in line with the cut, though it’s not guaranteed.
Fixed-rate mortgages – If you’re locked in, your deal won’t change, but new fixed-rate products may become more competitive as lenders adjust their offerings.
Why This Matters for Buyers in Uttoxeter
With mortgage rates softening, buyers can secure more affordable monthly payments—a significant advantage if you’re looking to move into a high-quality, newly built home.
At J&K Developments, our Holly Road homes in Uttoxeter offer the perfect blend of modern living, attention to detail, and local charm. Built by a family-owned business that puts quality first, these homes stand apart from the mass-produced properties offered by larger national developers.
And here’s the key—there are now just 5 plots remaining, making this a limited opportunity to secure your dream home at today’s competitive mortgage rates.
Why Buy from J&K Developments?
Family-owned and local – We care deeply about the communities we build in.
Attention to detail – Every home is crafted with care, not rushed.
Personal service – You’ll deal directly with our small, experienced team.
Exclusive development – Holly Road is not just another estate—it’s a boutique community with homes designed to last.
Act Now: Secure Your Dream Home While Rates Are Low
The combination of a Bank of England rate cut and the limited availability at Holly Road makes this the ideal time to act. With incentives available and only a handful of homes left, the opportunity won’t be around for long.
📞 Call Katie today on 01332 272006 or
💬 WhatsApp the J&K Developments team to arrange a viewing and discuss your options.
Don’t wait—your new home in Uttoxeter could be closer than you think.
