04/08/2026
Good news this week if you're on a tracker mortgage — the Bank of England held the base rate again yesterday, keeping it at 3.75%. Your payments aren't changing this month.
Inflation's still sitting a bit above target at 2.6%, which is really why the Bank chose to hold rather than cut. I know a lot of people were hoping for a reduction, but this was widely expected once the inflation numbers came in.
If you're on a fixed deal that's coming up for renewal in the next few months, I'd still get in touch sooner rather than later. Rates have been easing gradually through the year and it's worth knowing your options before your current deal runs out, rather than scrambling at the last minute.
For anyone buying for the first time, a hold like this is a good thing — it means lenders aren't moving their pricing around as much, so it's a bit easier to compare deals without the ground shifting under you.
Next decision from the Bank isn't until 17 September, so we're not expecting any surprises before then. If you want to know what this actually means for your situation, just drop me a message.
