The Bank of England has today announced a 0.25% cut to the base rate, reducing it from 4.5% to 4.25% — the first move in what some hope could be a gradual return to more affordable borrowing.
But what does this mean for mortgages? Are lenders responding? And could this make it easier to borrow?
We cover all this and more in the latest episode of Mortgage Bites — now available to watch above.
Key Takeaways from This Episode:
Hosted by Richard Harris, this edition features Citrus Financial mortgage expert Holly Bettles, who shares her take on what today’s Bank of England announcement means for:
- Mortgage rates – and why some lenders acted before the BOE’s decision
- Affordability – and how criteria are changing for some borrowers
- What buyers and remortgagers should be considering right now
Why this rate cut matters
The Bank of England’s decision reflects slowing inflation and a desire to support consumer spending and borrowing. While the base rate is only one factor in mortgage pricing, it’s a signal many lenders have been watching closely — and some have already started reducing their rates.
For buyers, movers and remortgagers, this could mark the start of a more competitive lending environment.
Watch the full episode now
This short video is a quick, jargon-free update to help you stay informed — whether you’re actively house-hunting, coming to the end of a fixed rate, or just keeping an eye on the market.
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