05/11/2026
🚨 BANK OF ENGLAND BASE RATE INCREASES TO 4%! 🚨
The Bank of England has announced a 0.25% increase, taking the base rate from 3.75% to 4%.
But what does this mean for your mortgage? 🏡
Here’s what you need to know:
💸 Tracker mortgages: Your interest rate is likely to increase by 0.25%, meaning higher monthly repayments.
🏦 Fixed-rate mortgages: No immediate impact on your payments while you’re within your current fixed deal.
🔔 Fixed rate reminder: Mortgage rates aren’t directly linked to the base rate. They’re influenced by swap rates and market expectations, so don’t assume fixed rates will automatically increase by 0.25%.
🏡 Standard variable rates: Your lender may choose to increase your rate, which could mean higher repayments.
💰 Savings: Savers could benefit from higher interest rates, although banks don’t always pass on the full increase.
👉 The key takeaway?
Not every mortgage holder will be affected in the same way, and a base rate increase doesn’t automatically mean all mortgage rates will rise by 0.25%.
If your mortgage deal is coming to an end, you’re thinking of moving, or you’re looking to buy your first home, now is a great time to review your options.
📩 Want to know what this means for you? Drop me a message and let’s make sure you’re making the right move, not just the obvious one. 🏡
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
