Michelle Baines, Mortgage & Protection Advisor-Retford-01777 808607

17/05/2026

30/04/2026

📢 The Bank of England has decided — and the base rate STAYS at 3.75%.

The MPC announced their decision today. It was a HOLD — but it wasn't unanimous.

8 members voted to hold. 1 voted to HIKE to 4%. Kael Tripton

That one dissenting vote matters. It signals that the conversation about raising rates isn't going away.

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🔍 What did the Bank actually say?

Inflation has risen to 3.3% — higher than they predicted back in February, before the war began — and they're warning it's likely to go even higher later this year. CNBC

As businesses' energy bills rise, they'll likely increase their own prices to cover costs. Workers may also ask for higher wages as their household bills climb too. CNBC

In short — the Bank is not done watching this closely.

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💡 What does this mean for your mortgage?

✅ TRACKER mortgages — no change today. Your payments stay where they are.

✅ SVR / VARIABLE mortgages — no immediate change, but lenders are already pricing in future risk.

✅ FIXED rate mortgages — you're protected for now, but rates available on new deals remain significantly higher than a year ago.

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📅 What's next?

The next base rate decision is scheduled for 18 June 2026. Between now and then, all eyes will be on inflation data and how the Middle East situation develops. TRADING ECONOMICS

Markets are currently pricing in the possibility of a rate hike later in the year, though that view has softened slightly since the decision. CNBC

If you're on a fixed deal ending before the end of 2026 — now is the time to start understanding your options. Don't wait for June!

24/12/2025

🎄 Wishing everyone a lovely Christmas and happy new year 🥳

19/12/2025

18/12/2025

📣 Today the Bank of England has cut the base rate to 3.75% - which is super news for first time buyers and home movers! 🥳

Lower rates can mean more affordable mortgage options and many lenders are also being more flexible than they were last year.

💡 With the right advice, owning your first home could be closer than you think!

Not sure where to start? I am happy to help.

Let’s chat and see what’s possible for you. 😊

18/12/2025

07/02/2025

🥳🥳🥳Exciting news!!🥳🥳🥳

The Bank of England has reduced interest rates by 0.25 % down ⬇️to 4.5%🥳

This is great news for mortgage customers or anyone looking to buy a new home!

Customers on variable rate products will now see a reduction in their payments - your lender will advise you about this in due course.

We may now see further reductions on other lending products for homebuyers and remortgages- If you have a current application in progress with me I will automatically review this and will get in touch with you 😊

If you are have an existing mortgage where the product is expiring in the next 6 months, we can review this now! Mortgage applications can be started 6 months ahead to secure a new rate and in many cases can be amended up to the start date, so if rates improve further we can get you a better deal!

📞 07860 777765
📧 [email protected]

07/02/2025

🥳🥳🥳Exciting news!!🥳🥳🥳

The Bank of England has reduced interest rates by 0.25 % down ⬇️to 4.5%🥳

This is great news for mortgage customers!

Customers on variable rate products will now see a reduction in their payments - your lender will advise you about this in due course.

We may now see further reductions on other lending products for homebuyers and remortgages- If you have a current application in progress with me I will automatically review this and will get in touch with you 😊

If you are have an existing mortgage where the product is expiring in the next 6 months, we can review this now! Mortgage applications can be started 6 months ahead to secure a new rate and in many cases can be amended up to the start date, so if rates improve further we can get you a better deal!

07860 777765 [email protected]