05/11/2026
π¨ BREAKING: The Bank of England has raised its base rate to 4%, the first increase in more than three years.
If youβve seen the headlines and youβre worried about your mortgage, take a moment before making any decisions.
If youβre on a fixed-rate deal, your mortgage rate wonβt change until that deal ends. If youβre on a tracker or another variable rate, your payments could increase.
Governor Andrew Bailey has indicated that further rises are possible, but this doesnβt mean a long run of increases is inevitable.
If your mortgage deal ends in the next six months, we can review your options now and help you plan for your next payments.
π¬ Have questions about what this means for you? Speak to our team or book a free initial mortgage appointment through our website.
π https://ukmoneyman.com/