15/10/2026
Bank Rate hasn't changed... so why are mortgage rates going UP? 📈🏡
It's a question we're hearing a lot at the moment.
The answer? Mortgage rates aren't determined by the Bank of England's Base Rate alone.
Swap rates play an important role in how lenders price fixed-rate mortgages, meaning rates can move even when Base Rate stays exactly where it is.
James breaks down what's happening and why understanding the bigger picture matters.
🩷 Got questions about your mortgage options? We're here to help.
Your home may be repossessed if you do not keep up repayments on your mortgage.