Base Rate: No February Change by the Bank of England
The Bank of England has held UK interest rates at 3.75% after its first meeting of the year, a move widely expected by markets.
Homeowners on tracker mortgages will see no change to their monthly payments, providing stability for those managing household budgets.
While policymakers signal that any future rate cuts are likely to be gradual, this approach ensures careful management of inflation while supporting continued market confidence.
Tony Gambrill, Regional Sales Director at Chestertons, says: “Buyer activity has strengthened since the beginning of the year, with many house hunters continuing their search despite ongoing economic considerations. While some buyers would have welcomed a cut in interest rates, overall confidence remains resilient, and the majority are progressing with their property plans regardless.”
Tony Gambrill, Regional Sales Director at Chestertons
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