The Bank of England has voted to reduce the Base Rate by 0.25% for the third time this year, taking it to 4%. Base Rate was held at 4.25% in June after it was cut by 0.25% in May. The Bank meets every six weeks to decide what should happen to interest rates, with the aim … Read more
The Bank of England has voted to reduce the Base Rate by 0.25% for the second time this year, taking it to 4.25%. Base Rate was held at 4.5% in March after it was cut by 0.25% in February. The Bank meets every six weeks to decide what should happen to interest rates, with the aim … Read more
The Bank of England has announced that it will reduce the Base Rate by 0.25%, taking it to 4.5%, in the first decision of the year. Base Rate was held at 4.75% in December after two cuts in 2024. The Bank meets every six weeks to decide what should happen to interest rates, with the … Read more
Our weekly mortgage tracker, which compares average mortgage rates since 2019, shows that the average monthly mortgage payment for a typical first-time buyer is now £931, compared with £578 in 2019, a difference of £353. However, this is still more than £150 cheaper than the peak in July 2023. The calculations are based on a … Read more
We keep a close eye on the mortgage rates lenders offer to borrowers – including when they change, and what this could mean if you’re thinking of moving. We look at what’s happening from week to week in our rate tracker, but it can take much longer before changes to rates are big enough to … Read more