Mortgage News
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News for: BBC
Showing 25 - 28 of 28 results
May 8, 2025 5:57 AM
— Interest Rates
Bank of England cuts interest rates to 4.25%, as governor welcomes US tariff deal news
The Bank of England has cut interest rates to 4.25%, the lowest since May 2023, in an effort to boost spending by making borrowing, including mortgages, cheaper. This decision was met with a divided committee, as some members wanted a bigger cut or no change at all. The lower rate is expected to have an immediate impact on home loans, with nearly 600,000 homeowners on tracker deals seeing their mo... more
May 7, 2025 4:00 PM
— Interest Rates
Interest rates: Cut expected by the Bank of England
The Bank of England is expected to cut interest rates to 4.25% which would make borrowing money cheaper for businesses and individuals. This would be the fourth rate reduction since last year's peak of 5.25%. Mortgage rates have already been falling in anticipation of the rate cut, but further drops are not guaranteed. Fixed-rate mortgage holders may see lower monthly repayments if the base rate i... more
May 7, 2025 5:00 AM
— Interest Rates
When will interest rates go down again and how do they affect mortgages?
The article discusses the likelihood of the Bank of England cutting interest rates in the near future, with potential further cuts expected throughout the year. Interest rates impact mortgage rates, credit card rates, and savings rates for millions of people. Currently, mortgage rates are still relatively high compared to previous years, with many borrowers facing increased costs when their fixed-... more
Apr 27, 2025 9:37 AM
— Mortgage Rates
Mortgages of under 4% are back but dangers lurk for borrowers
Major UK lenders are offering fixed mortgage deals with interest rates under 4%, leading to a mini price war among providers. Further cuts in interest rates by the Bank of England are expected, but there are no guarantees. Many borrowers are opting for fixed-rate deals, but with the expectation of ongoing drops in mortgage costs, there is some risk involved. Some lenders are offering sub-4% deals ... more
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Users should contact lenders directly to obtain formal, binding loan offers. If you identify any discrepancies in the data or would like to have your institution’s rates included, please contact us at content@loanglass.com.
All logos, trademarks, and brand names appearing on this website are the property of their respective owners.
The mortgage rates displayed on this site are collected daily from publicly available sources provided by more than 800 lenders. LoanGlass does not receive compensation for listing these rates, and all rates are presented as published by the respective lenders. While every effort is made to ensure accuracy, the information may contain errors or omissions. Mortgage rates are highly dependent on an individual’s financial circumstances, credit profile, loan terms, and other factors. As such, the rates you are quoted directly by a lender may differ materially from the rates displayed here.
Users should contact lenders directly to obtain formal, binding loan offers. If you identify any discrepancies in the data or would like to have your institution’s rates included, please contact us at content@loanglass.com.
All logos, trademarks, and brand names appearing on this website are the property of their respective owners.