Three in five buy-to-let (BTL) brokers expect a 0.25% cut to the base rate on 8th May, research from Landbay found.
When asked what they thought would happen to the base rate in May, the Landbay survey revealed that 71% said they expect a cut.
Of those, 61% predict a 0.25% reduction, and 11% expect a 0.5% cut.
Around 27% thought there would be no change, while 2% believed the rate would increase.
Rob Stanton, sales and distribution director at Landbay, said: “Our findings reflect a cautious optimism among brokers and an expectation of a gradual easing of monetary policy – with a large majority anticipating a rate cut.
“While 61% think we’ll see rates fall 0.25%, a bullish 11% think we’ll see a 0.5% cut. That aligns with market expectations.
“A significant number of brokers expect no change, or even a rise, which highlights some ongoing uncertainty in the market, driven, most probably, by persistent concerns over inflation.”
Stanton added: “While brokers are clearly trying to navigate a complex economic landscape, expectations of a potential base rate cut in May present opportunities for landlords and property investors keen to expand their portfolio.”
