05/11/2026
Bank Rate rises to 4% - here's what it means for you! 🏦
👉 Coming to the end of your current deal?
If you're within 6 months of your fix ending, it's worth exploring your options now and checking what your monthly payments could become. Your fixed-rate payments won't change until your deal ends. If you're on a tracker, payments usually follow the base rate, while changes to standard variable rates depend on your lender.
👉 Thinking about buying your first home?
The rise could affect what you can borrow, although some of the increase may already be reflected in fixed-rate deals. Whether you're buying your first home or moving, it's worth checking your budget would still work at a slightly higher rate. If you already have a mortgage offer, check what today's decision means for you.
Not sure where to start? That's exactly what we're here for 😊