18/06/2026
🏡 The Bank of England has held the base rate at 3.75%.
While there was speculation about a potential rate cut, recent inflation figures came in lower than expected at 2.8%, which has helped support the decision to keep rates where they are for now.
We've also seen new data from Rightmove suggesting that asking prices are slightly lower than they were this time last year. More sellers are pricing realistically, and some motivated sellers are accepting lower offers to secure a sale.
Although mortgage rates remain higher than many borrowers would like, lower property prices can help offset some of that increase. For buyers looking to take their first step onto the property ladder, or homeowners planning their next move, this could present some interesting opportunities.
As our managing director Malcolm Davidson explains in the video, the overall position for buyers isn't as different as many headlines might suggest. With plenty of properties available and sellers keen to move, now may be a good time to negotiate and explore what's possible.
