Sub 3% mortgages ‘possible’ as Bank of England hints at more ‘aggressive’ interest rate cuts and lenders make reductions

Dariusz Karpowicz, who is director at Albion Financial Advice, said that it's not "unrealistic" that we'll see rates drop below 3%.

He said: "All the signs point to it - some rates below 3%! Swap rates are falling, and Andrew Bailey is hinting at a potential decrease. The economic outlook is improving, and lenders are already trimming rates almost every week.

"It’s not unrealistic to see rates dipping below 3% for lower LTVs before year’s end. Of course, only an unexpected 'black swan' event could derail this positive momentum."