Nationwide Building Society has announced reductions of up to 0.12% on selected two-, three-, and five-year fixed-rate mortgage products, effective immediately. These cuts bring Nationwide’s lowest lending rate down to 3.9%. For existing customers looking to switch, rates remain unchanged, starting from 3.84%.(propertyindustryeye.com, theguardian.com) The new rates include a two-year…
Read MoreOn 8 May 2025, the Bank of England (BoE) reduced its base interest rate by 0.25 percentage points, bringing it down to 4.25%. This marks the fourth consecutive cut since August 2024, when the rate stood at 5.25% . Reasons Behind the Rate Cut The Monetary Policy Committee (MPC) voted…
Read MoreTwo leading high street banks have announced fresh mortgage rate cuts, bringing some of their best deals below the 4 per cent mark. Starting tomorrow, Santander will reduce mortgage rates by up to 0.21 percentage points across a range of products for home movers, first-time buyers, and those looking to…
Read MoreThe Bank of England may take more decisive action to reduce borrowing costs this year, offering positive news for mortgage holders. A recent survey of 51 economists predicts the Bank will lower interest rates at least four times in 2025. According to the poll, the base rate could decrease from…
Read MoreThe Bank of England has reduced interest rates for the second time this year, bringing them down to 4.75% as anticipated. Previously set at 5% following a 0.25% reduction in August (the first since 2020), rates were held steady in September. Bank of England Governor Andrew Bailey reassured the public,…
Read MoreExperts anticipate that interest rates will be cut, despite Rachel Reeves’s October Budget likely adding to inflation. The Bank of England’s Monetary Policy Committee (MPC) is expected to reduce the interest rate from 5% to 4.75% this Thursday. The Bank had previously lowered rates from a 16-year high of 5.25%…
Read MoreThe recent Budget has had a notable impact on the housing market, particularly for landlords and potential homebuyers. Here are some key changes and their effects: In summary, the Budget introduced cost increases for buy-to-let investors without providing substantial reliefs for buyers, potentially leading to increased rent prices, limited supply…
Read MoreBank of England Governor Andrew Bailey has signalled that further interest rate cuts could be on the table, provided inflation stays under control. Bailey indicated that the Bank might adopt a “somewhat more aggressive” approach to the base interest rate in the coming months. In an interview with The Guardian,…
Read MoreThe Bank of England (BoE) has announced it will lower the Base Rate to 5% this month, marking a 0.25% reduction and the first cut in four years. The Base Rate had been steady at 5.25% since August 2023, following 14 consecutive increases. The Bank had been raising and maintaining…
Read MoreFor those contemplating purchasing a home, the current mortgage rates in the UK are a pertinent consideration. Mortgage lenders regularly adjust the rates of their products. Consequently, we provide weekly updates on average mortgage rates, allowing for easy comparison with the previous week’s figures. Moreover, you can assess rates across…
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