05/11/2026
𝗕𝗔𝗡𝗞 𝗢𝗙 𝗘𝗡𝗚𝗟𝗔𝗡𝗗 | 𝗜𝗡𝗧𝗘𝗥𝗘𝗦𝗧 𝗥𝗔𝗧𝗘𝗦 𝗥𝗜𝗦𝗘 𝗧𝗢 𝟰%
Following yesterday's post, the Bank of England has today confirmed an increase in the base rate from 3.75% to 4%, the first rise in over three years.
𝘞𝘩𝘪𝘭𝘴𝘵 𝘵𝘩𝘪𝘴 𝘮𝘢𝘺 𝘯𝘰𝘵 𝘣𝘦 𝘵𝘩𝘦 𝘯𝘦𝘸𝘴 𝘱𝘳𝘰𝘴𝘱𝘦𝘤𝘵𝘪𝘷𝘦 𝘣𝘶𝘺𝘦𝘳𝘴 𝘢𝘯𝘥 𝘩𝘰𝘮𝘦𝘰𝘸𝘯𝘦𝘳𝘴 𝘸𝘦𝘳𝘦 𝘩𝘰𝘱𝘪𝘯𝘨 𝘧𝘰𝘳, 𝘪𝘵'𝘴 𝘪𝘮𝘱𝘰𝘳𝘵𝘢𝘯𝘵 𝘵𝘰 𝘱𝘶𝘵 𝘵𝘩𝘦 𝘥𝘦𝘤𝘪𝘴𝘪𝘰𝘯 𝘪𝘯𝘵𝘰 𝘱𝘦𝘳𝘴𝘱𝘦𝘤𝘵𝘪𝘷𝘦.
𝙏𝙝𝙚 𝙞𝙣𝙘𝙧𝙚𝙖𝙨𝙚 𝙞𝙨 𝙞𝙣𝙩𝙚𝙣𝙙𝙚𝙙 𝙩𝙤 𝙝𝙚𝙡𝙥 𝙘𝙤𝙣𝙩𝙧𝙤𝙡 𝙞𝙣𝙛𝙡𝙖𝙩𝙞𝙤𝙣, 𝙗𝙪𝙩 𝙬𝙝𝙖𝙩 𝙙𝙤𝙚𝙨 𝙞𝙩 𝙢𝙚𝙖𝙣 𝙛𝙤𝙧 𝙩𝙝𝙚 𝙥𝙧𝙤𝙥𝙚𝙧𝙩𝙮 𝙢𝙖𝙧𝙠𝙚𝙩❓
For buyers, borrowing costs and affordability will remain firmly in focus. Some mortgage rates have already adjusted in anticipation of today's announcement, so a rise in the base rate doesn't necessarily mean an immediate equivalent increase in fixed mortgage rates.
𝙁𝙤𝙧 𝙨𝙚𝙡𝙡𝙚𝙧𝙨, 𝙗𝙪𝙮𝙚𝙧 𝙘𝙤𝙣𝙛𝙞𝙙𝙚𝙣𝙘𝙚 𝙖𝙣𝙙 𝙧𝙚𝙖𝙡𝙞𝙨𝙩𝙞𝙘 𝙥𝙧𝙞𝙘𝙞𝙣𝙜 𝙬𝙞𝙡𝙡 𝙘𝙤𝙣𝙩𝙞𝙣𝙪𝙚 𝙩𝙤 𝙥𝙡𝙖𝙮 𝙖𝙣 𝙞𝙢𝙥𝙤𝙧𝙩𝙖𝙣𝙩 𝙧𝙤𝙡𝙚. With more choice available, presenting your property correctly and reaching the right audience is more important than ever.
𝗕𝘂𝘁 𝗹𝗲𝘁'𝘀 𝗻𝗼𝘁 𝗹𝗼𝘀𝗲 𝘀𝗶𝗴𝗵𝘁 𝗼𝗳 𝘁𝗵𝗲 𝗯𝗶𝗴𝗴𝗲𝗿 𝗽𝗶𝗰𝘁𝘂𝗿𝗲.
People still need to move. Families grow, circumstances change, 𝘰𝘱𝘱𝘰𝘳𝘵𝘶𝘯𝘪𝘵𝘪𝘦𝘴 𝘢𝘳𝘪𝘴𝘦 𝘢𝘯𝘥 𝘭𝘪𝘧𝘦 𝘥𝘰𝘦𝘴𝘯'𝘵 𝘴𝘵𝘢𝘯𝘥 𝘴𝘵𝘪𝘭𝘭 𝘸𝘩𝘪𝘭𝘦 𝘸𝘦 𝘸𝘢𝘪𝘵 𝘧𝘰𝘳 𝘪𝘯𝘵𝘦𝘳𝘦𝘴𝘵 𝘳𝘢𝘵𝘦𝘴 𝘵𝘰 𝘧𝘢𝘭𝘭.
We don't expect today's announcement to bring the property market to a halt, but it may encourage buyers to be more considered in their decisions.
𝙊𝙪𝙧 𝙖𝙙𝙫𝙞𝙘𝙚 𝙧𝙚𝙢𝙖𝙞𝙣𝙨 𝙪𝙣𝙘𝙝𝙖𝙣𝙜𝙚𝙙.Whether you're buying or selling, understanding your position, 𝘣𝘦𝘪𝘯𝘨 𝘳𝘦𝘢𝘭𝘪𝘴𝘵𝘪𝘤 𝘢𝘯𝘥 𝘩𝘢𝘷𝘪𝘯𝘨 𝘵𝘩𝘦 𝘳𝘪𝘨𝘩𝘵 𝘴𝘵𝘳𝘢𝘵𝘦𝘨𝘺 𝘪𝘯 𝘱𝘭𝘢𝘤𝘦 𝘸𝘪𝘭𝘭 𝘮𝘢𝘬𝘦 𝘢𝘭𝘭 𝘵𝘩𝘦 𝘥𝘪𝘧𝘧𝘦𝘳𝘦𝘯𝘤𝘦.
𝗔 𝗰𝗵𝗮𝗻𝗴𝗶𝗻𝗴 𝗺𝗮𝗿𝗸𝗲𝘁 𝗱𝗼𝗲𝘀𝗻'𝘁 𝗺𝗲𝗮𝗻 𝗮 𝗺𝗮𝗿𝗸𝗲𝘁 𝘄𝗶𝘁𝗵𝗼𝘂𝘁 𝗼𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝘆.
