Economy

The Bank of England has cut the base rate by 0.25% to 3.75% at its final meeting of 2025, marking the fourth cut this year. The move reflects easing inflation and may bring improved mortgage options for borrowers as 2026 approaches.

The Bank of England has voted to keep the base rate at 4%, with inflation control remaining its priority. Mortgage and Protection Adviser Nicola Henton says the move was widely expected, and mortgage conditions remain steady for those looking to borrow.

With the economic crisis brought on by the global pandemic and Russia's invasion of Ukraine, you may be worried that purchasing a home could put your finances at risk.

On February 2nd, 2023 the Bank of England (BOE) took the historic step to boost the base rate from 3.5% to 4%, its highest level in 14 years!

Purchasing your first home can be intimidating — it’s likely one of the largest investments you will ever make.