Following the Bank of England’s 25bp reduction in Bank Rate, UK mortgage pricing continued to ease, with selected lenders advertising two- and five-year fixed products beginning in the high-3% range for strong credit profiles and lower loan-to-value ratios.
Variable and tracker products also adjusted, cutting monthly payments for many borrowers on reversion rates or linked deals.
The rate improvements reflect cheaper swap markets, competitive dynamics among big banks and building societies, and expectations for further—albeit limited—easing over the next 12–18 months.
For housing activity, lower borrowing costs are filtering through to higher enquiries and improved affordability, consistent with recent RICS findings.
For existing homeowners facing remortgage cliffs, the reductions provide incremental relief, though payments remain well above 2020–21 lows.
Lenders remain cautious on underwriting in sectors exposed to income volatility, and stress tests continue to assume higher rates, tempering maximum loan sizes.
From a financial-stability perspective, gradual declines in servicing costs should support arrears metrics.
Borrowers are advised to weigh fix length versus flexibility: shorter fixes offer lower initial rates but more refi risk, while longer fixes provide certainty at a modest premium.
Fee structures, portability and overpayment allowances remain crucial to total-cost comparisons.
The latest data from UK Finance shows a rise in mortgage arrears and possessions in the second quarter of 2025, although lenders continue to offer support to struggling homeowners.
Homebuilder Persimmon has sold more homes but has warned that high mortgage costs are still a 'barrier' to buyers.
Major lenders reported modest monthly house price gains in July, consistent with a gradual, rate-driven recovery.
Surveyors reported improved buyer enquiries and stabilising prices in July, hinting that BoE easing is feeding through.
The Bank of England reduced rates by 25bp to 4.0%, with a closely divided MPC underscoring policy uncertainty.
The Bank of England's Monetary Policy Committee voted to cut the base rate by 0.25 percentage points to 4.0%, marking the fifth consecutive cut in a year.
UK house prices increased by 0.4% in July, a larger-than-expected rise, according to the latest data from mortgage lender Halifax.
Londoners are purchasing the lowest proportion of houses outside the capital in over a decade due to stalling local prices and the shift back to office working.
FTSE 100 property developer Berkeley Group has warned of a housing slowdown in London, forecasting further decline unless the government addresses regulatory and tax hurdles.
Amazon offers 45% discount on L'Oreal Paris Laser Renew Anti-Ageing Triple Action Eye Cream.
UK borrowing costs for 30-year debt reached 5.72%, a 27-year high, raising fears of economic decline.
Poundland plans to close up to 68 stores in 2025 following financial difficulties and restructuring.
Chancellor Rachel Reeves announced the autumn budget for November 26, aiming to address a £30 billion deficit with growth measures.
Financial expert Martin Lewis has issued a strong warning against criminals who use his name and deepfake technology in 'disgraceful' online adverts to scam vulnerable people, after a woman's husband lost thousands of pounds.
The Powerball jackpot has soared to an estimated $1.3 billion, the fifth-largest in the lottery's history, after no winning ticket was sold in the latest drawing, marking the 41st consecutive drawing without a winner.
The UK's long-term borrowing costs have reached a 27-year high, fueling speculation about the government's economic credibility and the future of Chancellor Rachel Reeves following a significant government reshuffle.
Experts caution that Premium Bonds winnings may lead to unexpected tax bills depending on how they’re used.
McVitie’s introduces a new caramel-flavoured Penguin biscuit available in major UK supermarkets just in time for autumn.
Despite a wider trend of decreasing car insurance premiums in the UK, a new report indicates that prices for drivers under the age of 25 have seen a recent increase.
A major government reshuffle has fueled speculation about the future of Chancellor Rachel Reeves as the UK's long-term borrowing costs reach a 27-year high amidst broader European economic uncertainty.
The Powerball jackpot has skyrocketed to an estimated $1.3 billion after no one won the top prize in the latest drawing, marking the 41st consecutive drawing without a winner and setting up the fifth-largest jackpot in the lottery's history.
Greggs has introduced a £5 meal deal nationally along with new autumn-inspired menu items including Chicken Fajita Bake and Pumpkin Spice specials.
Financial expert Martin Lewis has issued a powerful warning against online criminals who use his name and deepfake technology in 'disgraceful' adverts to scam vulnerable people, after a woman's husband lost thousands of pounds.
New data reveals councils increasingly use one-off cash incentives to persuade private landlords to accept homeless households, costing taxpayers millions.
Councils are spending millions placing homeless families in hotels due to housing shortages, raising questions about long-term policy failures.
Clase Azul is a premium Reposado Tequila that is as famous for its elegant, hand-painted ceramic decanters as it is for its contents.
Formula 1's elite showcase their extravagant maritime lifestyles with multi-million pound yacht collections, from Toto Wolff's €22m vessel to Charles Leclerc's twin boats.
Following Congress’s vote to strip federal funding, public TV and radio stations race to fill budget holes with local donations, reduced network dues, and a national rescue push.
Labour accused of planning to replace traditional meat with insect proteins in British diets to cut carbon emissions.
Virgin Voyages introduces its fourth Lady ship, the Brilliant Lady, designed as an adult-only party cruise with innovative entertainment and dining.
