18/06/2026
๐ฆ **Bank of England Update โ Rate Held at 3.75%** ๐ฆ
The Bank of England has today decided to hold the base rate at 3.75%.
Whilst inflation has eased to 2.8%, and came in slightly lower than forecast, it remains above the Bank's 2% target, meaning policymakers continue to take a cautious approach.
For many borrowers, holding the rate will be viewed as a positive outcome. Stability can be just as important as rate cuts, particularly after the volatility we've seen in financial markets over recent months.
However, it's important to remember that base rate stability doesn't necessarily mean mortgage rate stability.
We've seen lenders increasing rates and withdrawing products one week, only to reduce rates and launch new products the next. Much of this is driven by movements in swap rates and wider market expectations rather than the Bank of England base rate alone.
Keeping track of lender changes, product withdrawals and pricing updates is a full-time job in itself. That's why getting the right mortgage advice remains so important, particularly if your current deal is due to end, you're planning a move, or you're considering buying your first home.
As ever, understanding your options is far more valuable than reacting to headlines.
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Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1%, but a typical fee is 0.3% of the amount borrowed.
