Today, 7^th August 2025, the Bank of England has voted to reduce the base rate to 4.0%.   

This decision comes in response to a cooling labour market, with unemployment rising to a four-year high of 4.7%.   

While inflation remains elevated at 3.6%, above the Bank’s 2% target, the move is intended to support the wider economy and for many mortgage holders, it’s a welcome relief. 

What This Means for You: 

• If you’re on a tracker or variable rate mortgage, this reduction could lead to lower monthly payments. 

• If your fixed-rate deal is ending, especially if it was taken out during the pandemic, this could be a great opportunity to explore more competitive options. 

• If you’re saving for your first home, now might be a good time to review how to make the most of your savings before locking in a mortgage. 

Time to Review Your Mortgage? 

Whether you’re remortgaging, purchasing, or just want to understand how the new base rate could affect you, we’re here to help. 

Get in touch us today to review your options and find out how much you could save. 

Your Home (or property) may be repossessed if you do not keep up  
repayments on your mortgage or any other debts secured on it.