During recent events, the Bank of England twice dropped the Bank of England’s ‘base lending rate’. Generally referred to as ‘the base rate’, when it falls it is usually (but not always) an indication that lending rates generally will also fall.
For those borrowers with tracker mortgages linked to the Base Rate, they will see their mortgage payments fall.
Indeed, the average borrower with a £100,000 mortgage might see a saving of £30 per month. Those with fixed rates will not benefit, but if you have a variable rates linked to the lender’s own rate of borrowing, you will have to wait to see whether banks and building societies follow suit and drop their rates to mirror the Bank of England.
As in 2008, the Bank of England has also turned on the proverbial money-printing presses in an effort to stoke a seriously hamstrung economy. It has to be hoped that this will help to keep businesses solvent and trading in the short term and fund the huge public handouts currently being announced.
If you would like to review your current mortgage, now is the perfect time to start the process.
We remain open and can provide personal, one-to-one advice online via our online video conferencing facilities. Book a free video or phone appointment here.
Related article:
Download our Free First Time Buyers Guide
Recent posts
World Sleep Day Tips
Today
There are many people who struggle with getting a good night’s sleep. Having poor sleep hygiene can be the reason for bad sleep quality in adults. Sleep hygiene refers to habits that can help you sleep better.
Here we have shared some tips to create a healthier sleep.
What you need to know about remortgaging
2 days ago
If your current fixed rate is due to come to an end within the next six months, you will want to start thinking about the options available to you.
Best UK Mortgage Rates this Week
8 days ago
Here are the lowest fixed mortgage rates of the week, available to first-time buyers, home movers, buy-to-let, and those remortgaging.
Call us for more information: 01628 507477 or email: team@mortgagerequired.com.
Nationwide is the first lender to allow mortgage deeds to be signed electronically and without the need for a witness.
‘My First Mortgage’ from major high-street lender Santander is specifically for those wanting to buy their first property. It allows first-time buyers to purchase 98% of the property’s value. However, certain criteria must be met to be eligible.
Maidenhead, Berkshire – 26th January 2026 – Dedicated independent mortgage experts, Mortgage Required, are delighted to have acquired fellow experienced brokerage, Y-Not Finance.
The acquisition connects two well-respected brokerages, both with a wealth of experience and shared values, to continue providing the best advice on all aspects of the mortgage market.
As part of the UK government’s plans to change the leasehold system to help families struggling with unaffordable ground rent costs.
The Prime Minister announced this morning (27 January) that ground rents will be capped at £250 per year, reverting to a peppercorn rate after 40 years.
Additional borrowing, also known as a further advance, is when you borrow more money on your existing mortgage for a specific reason agreed with your lender.
Here are five of the most common reasons for additional borrowing.
More information
Trusted by
