Jarlands Mortgage Specialists

05/11/2026

“Business
Bank of England raises interest rates to 4%, the first increase for more than three years
Base rate increases from 3.75%, and Bank governor signals another rise in near future to combat rising inflation
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12:00 GMT Thursday, 05 November 2026
The Bank of England has raised interest rates for the first time in three years and warned of another increase to come to combat rising inflation unleashed by the Iran war.
Eight members of the Bank’s monetary policy committee (MPC) voted for the move, which takes the base rate from 3.75% to 4%. The ninth member, Catherine Mann, preferred a more dramatic half-point increase.
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The Middle East conflict has pushed oil prices persistently above $100 in recent months, as hopes evaporated of a deal that could reopen the key strait of Hormuz.
As a result, the Bank now expects UK inflation to rise to 4.9% in the middle of next year – up from 3.2% in its last economic forecast, in July. Inflation hit 3.5% in September, as measured on the consumer prices index.
The decision, which will hit mortgage borrowers, comes a week after John Healey used ”

Excerpt From
“Bank of England raises interest rates to 4%, the first increase for more than three years

Base rate increases from 3.75%, and Bank governor signals another rise in near future to combat rising inflation

16/04/2026

Let’s hope they keep them the same and things get sorted quickly

“Bank of England governor Andrew Bailey says the UK's central bank will not rush to make a decision on interest rate rises, despite the world facing what he described as a "very big energy shock".
Speaking to the BBC at the meeting of the International Monetary Fund (IMF) in Washington, he said higher oil and gas prices would certainly feed through to prices.
But other factors made a decision on rates "very, very difficult", he said ahead of the Bank's next meeting on 30 April.
The IMF warned on Wednesday that central banks should not rush to hike borrowing costs in the wake of the Middle East conflict.”

Excerpt From
“Bank of England boss Bailey says he won’t rush interest rate rises”
BBC News
https://apple.news/AKuH_7V6VSw-3izPI-AoL_w
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Bank of England governor says the Iran war energy shock makes the next rate decision "very very difficult".

04/04/2026

It is more important than ever to explore all choices when reviewing your finances with rates changing daily
Whether remortgage, purchase, 2 nd charge, or bridging
Please ask and we can help

18/02/2026

Good News for future mortgage rates
“The Consumer Prices Index (CPI) remains well above the Bank of England’s (BoE) 2 per cent target but has fallen from the previous reading of 3.4 per cent, and experts say the chance of a March interest rate cut has now risen.
The 3 per cent inflation figure is the lowest level since March 2025, when it was 2.6 per cent.
Most economists had expected a fall and experts believe the rate will continue to get closer to the BoE’s target as the year goes on.
As a result, forecasters now expect interest rates – which are at 3.75 per cent – to be cut in the coming months.”

31/12/2025

18/12/2025

That would be good

Mortgage rates could fall below 3 per cent by spring next year, experts say, as a price war is expected between lenders in 2026.

18/12/2025

Most economists think the latest set of inflation data, released yesterday, was enough to convince policymakers to cut interest rates by 0.25 percentage points from 4% to 3.75%. A few have gone further to predict a cut of 0.5 percentage points to 3.5%.
Either way, it will be good news for homebuyers, property owners looking to remortgage or refinance and those with a variable rate mortgage.
Industry insiders have told Money that they expect mortgage rates to reach lows of 3% by the end of 2026 - a figure that is historically considered cheap in the mortgage market.
Here's what they think borrowers should expect in 2026...
What happens next?
While lenders rarely offer borrowers the Bank of England's base rate, they use it (plus a number of other factors like swap rates and competition in the market) to set their own.
So when it falls, mortgage rates tend to follow suit.
Over the next year, the Bank of England expects the rate to continue to fall.

12/12/2025

Let’s hope for a rate cut to boost the housing market and help borrowers

Figures from the Office for National Statistics (ONS) showed gross domestic product fell by 0.1%, after a 0.1% drop in output in September. City economists had predicted a 0.1% rise in October.
After a fourth consecutive month without growth, economists said the latest snapshot would probably cement a Bank of England interest rate cut next week amid fading inflationary pressures, fears over the sluggish outlook, and rising unemployment.
“The UK economy has faltered more dramatically than we expected,” said Andrew Wishart, a senior UK economist at Berenberg. “This loss of momentum will bring inflation down more swiftly than we previously anticipated, allowing the BoE to act.”

18/09/2025

The base rate was cut to 4% from 4.25% at the MPC’s last meeting in August, following a narrow voting majority of 5:4.

However, following figures released yesterday that showed inflation was 3.8% in the 12 months to August – significantly above the bank’s 2% target – it is unsurprising that there was no cut to the base rate this month.

This month’s decision was made on a 7:2 vote split, and two members voted for a 25-basis-point cut to 3.75%.
Good news for savers not so good for mortgage Clients

29/08/2025

Residential property transactions rose 4% annually on a seasonally adjusted basis to 95,580 in July, which industry figures said displayed confidence in the housing market.

Good news if you are trying to move 😀