The majority of buy-to-let brokers reckon the Bank of England will opt for a 0.25% base rate cut tomorrow.
Some 71% are predicting a cut, which would take the base rate to 4.25% if their predictions turn out to be correct.
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.
“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.”
Megan Greene, a member of the MPC, the Bank of England’s rate-setting committee, said US trade tariffs are more likely to push down on UK inflation than raise the pace of price increases.
The LSEG data also showed that financial markets are expecting three Bank of England rate cuts by the year’s end.