bank of england - Interest-Rates.Info

Rise in number of mortgage approvals to home buyers in May, says Bank of England

The increase in mortgage approvals for house purchase was described as a ‘welcome breath of fresh air’ by one housing market expert.

The lowest fixed rate mortgage deals remain at around 4 per cent – and there is an expectation that rates may fall slightly further but not by much.

The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.

The Bank of England will hold interest rates at 4.25 per cent on Thursday, economists predict, which could mean higher mortgage rates for longer.

The Bank of England has cut interest rates from 4.5% to 4.25% at its latest meeting in May – the second reduction in 2025.

Easing stringent mortgage stress testing rules could cause house prices and first-time buyer numbers to rise, according to research.

Higher inflation could mean Bank of England cuts interest rates more slowly.

Read on to find out when your mortgage lender will reduce its rates.

Interest rates are on a downward trajectory, leaving mortgage borrowers approaching the end of their current deal with a decision to make.

The Bank of England has voted to cut the cost of borrowing, reducing the base rate to 4.25%. Here’s what it means for you