Base Rate cut to 4.5%: what it could mean for UK mortgages

base-rate-cut-to-4.5%:-what-it-could-mean-for-uk-mortgages

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

Interest rate cut for first time since 2020: here’s what it could mean for mortgages

interest-rate-cut-for-first-time-since-2020:-here’s-what-it-could-mean-for-mortgages

The Bank of England (BoE) has announced it will reduce the Base Rate to 5% this month, a reduction of 0.25%, and the first cut in four years. The Base Rate had been held at 5.25% since August 2023, after 14 consecutive rises.  The Bank had been raising, and holding, rates to tackle high levels … Read more

Interest rates held at 5.25%: here’s what it could mean for mortgages

interest-rates-held-at-5.25%:-here’s-what-it-could-mean-for-mortgages

The Bank of England (BoE) has announced it will hold the Base Rate at 5.25% again this month. This follows the same decision in September, when the Base Rate was held for the first time since 2021, after 14 consecutive rises. The Bank had been raising interest rates to tackle high levels of inflation. The … Read more

Will interest rates rise, and what could this mean for mortgages?

will-interest-rates-rise,-and-what-could-this-mean-for-mortgages?

If you’re thinking of buying a home, or you’re coming to the end of your current mortgage deal, you might be wondering what’s going to happen to mortgage rates over the coming months. The Bank of England will announce their next decision on interest rates on 22 June. The Bank’s Monetary Policy Committee meets around every six weeks … Read more

Interest rates rise to 4.5%: what could this mean for mortgage rates?

interest-rates-rise-to-4.5%:-what-could-this-mean-for-mortgage-rates?

The Bank of England (BoE) has announced an increase of 0.25% to its Base Rate this month. This is the 12th consecutive rise and has pushed interest rates to 4.5%, which is the highest they’ve been for almost 15 years. The Bank keeps raising interest rates to tackle high levels of inflation. The UK inflation … Read more