17/09/2026
🏦 BANK OF ENGLAND HOLDS BASE RATE AT 3.75% 🏦
The Bank of England has today voted to keep the UK Bank Rate unchanged at 3.75%. The vote was 6 to 3, with three members voting for an increase to 4.00%.
📈 Why have rates been held?
UK inflation has risen to 3.1%, above the Bank’s 2% target. The Bank highlighted higher and volatile energy prices linked to the ongoing conflict in the Middle East, warning that inflation is expected to rise further in the short term.
💬 Governor Andrew Bailey has stressed that a future rate rise is not inevitable and will depend on how inflation and wider economic conditions develop.
🏠 What does this mean for mortgages?
For anyone coming to the end of a fixed rate, looking to remortgage or thinking about buying a property, it remains important to review your options early. Mortgage pricing doesn’t move solely with Bank Rate, so lenders can still change their rates even when the Bank of England holds.
📲 If your mortgage deal is coming to an end within the next 6 months, or you’re considering buying or moving home, feel free to get in touch and I can look at the options available to you.
Your home may be repossessed if you do not keep up repayments on your mortgage.