10/07/2026
Interest rates may need to rise again. What could that mean for the property market?
The Bank of Englandâs Chief Economist, Huw Pill, has warned that interest rates may need to rise within the next year to help control inflation.
This does not mean an increase has been confirmed.
However, it does challenge the assumption that mortgage rates will simply continue falling.
Our view is that, in the near term, rates may be more likely to remain around current levels or rise than fall significantly.
That matters because many buyers are delaying their plans in the hope that mortgages will become substantially cheaper.
Some sellers are also waiting because they expect lower rates to bring more buyers and stronger prices.
But waiting does not automatically improve your position.
A buyer may find that the right property has sold, competition has increased or prices have moved.
A seller may lose valuable market momentum while competing homes attract buyers who are ready to proceed now.
For buyers who are financially ready, it may be worth exploring the mortgage options available today rather than assuming significantly cheaper borrowing is guaranteed later.
For sellers, accurate pricing, strong presentation and the right marketing strategy become even more important when buyers are cautious about affordability.
Nobody can predict interest rates with certainty.
The sensible approach is to understand the options available and make decisions based on your circumstances and the market in front of you.
Are you considering buying or selling within the next 6 to 12 months?
Source: BBC News, 9 July 2026
