The Bank of England announced its decision to reduce the Base Rate to 5% at the start of August, which was the first cut in four years. Our real-time data means we can see shifts in property market activity as they’re happening, so we’ve been keeping a close eye on how this news has affected … Read more
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
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
If you’re thinking about buying a home, you might be wondering what the current mortgage rates are in the UK. Lenders change the rates of their mortgage products regularly. That’s why we update the average mortgage rates weekly and compare how they’ve changed since the previous week. You can also compare the rates across a … Read more