With UK inflation remaining at 2.2% which is slightly above the Bank of England’s 2% target, the decision was made on Thursday 19th September to keep the base rate at 5%.
Last month saw a rate cut of 0.25% which was the first movement since August 2023. Despite the figure remaining the same this month, experts believe there will be another interest rate cut before the end of the year.
According to research from the Building Societies Association, an unsurprising 59% of mortgage borrowers were expecting a rate cut this time round from the Bank of England, with only 21% of UK adults agreeing with the decision to keep it at 5%.
We are still seeing many lenders continue to lower their mortgage rates even though the decision was made to freeze the base rate.
With the next Monetary Policy Report on 7th November, we are hoping for a further reduction.
Forbes has published a global ranking of stunning locations and one popular picturesque corner of the UK has nabbed top spot.
Over three years after the Mini-Budget took place, we look at what the mortgage market looks like now, showing the difference in mortgage repayments.
The government has announced plans to make buying or selling a home cheaper and quicker with what is being called the “biggest shake-up to the homebuying system in this country’s history.”
25 days ago
Almost one in five equity release mortgages are now taken out to provide financial support to family.
27 days ago
According to industry data, the expected wait for those looking to buy a property has dropped from just over 11 months to less than six months.
It is common for your first mortgage payment to be higher than your subsequent monthly payments for two reasons.
24 Sep 2025
Firstly, a big congratulations, you’ve now exchanged contracts! After weeks and months of waiting, you are about to move in. What should you do first?
The chancellor will deliver her second budget this autumn. Due to slow economic growth and high inflation, the government need to manage a £40 billion shortfall in public finances. There have already been reports about changes to taxes including income tax and capital gains tax.