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
There are several scenarios for a landlord where standard buy-to-let lending isn’t enough for their investment. For more complex properties, ownership structures, or borrowing circumstances, a specialist buy-to-let mortgage may provide options that are not available through mainstream lenders.
Best UK Mortgage Rates this Week
Yesterday
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.
Leaseholders to be given extra protection
15 days ago
Housing Secretary Angela Rayner has announced a new measure to protect leaseholders in England and Wales from high fees and poorly regulated property management companies.
New first-time buyer scheme announced by Burnham
17 days ago
Saturday 26th September, Andy Burnham announced a new equity loan scheme called “Your First Home”. The scheme, which will be confirmed at next month’s budget, is aimed at first-time buyers looking to purchase a new-build property from a developer signed up to the scheme.
What Happens to My Mortgage if I Lose My Job?
20 days ago
Losing your job or finding yourself ‘between jobs’ is, unsurprisingly, a stressful place to be. Keeping a cool head and taking action is important.
Flats 40% cheaper to buy than houses
27 days ago
This price gap between the cost of houses and flats is the biggest it has ever been. Houses are now costing 1.7 times more than a flat, which is 0.4 times higher than 10 years ago
Take a look at our list of houses vs. flats per area.
Are mortgage rates set to increase?
9 Sep 2026
We have seen several lenders increase their mortgage rates over the last couple of weeks. This suggests mortgage rates are likely to rise.
Although nothing is set in stone, lender repricing, rising swap rates, and continued economic uncertainty suggest borrowers should prepare for higher mortgage costs.
AI-altered images put off over half of buyers
24 Aug 2026
According to data from House Buyer Bureau, where over 900 UK homebuyers were surveyed, 54% of people said that they immediately ruled out digitally enhanced property listings.
More information
Trusted by
