Reduced Interest Rate

The Bank of England has lowered its base interest rate for the third time in 2025, bringing the rate down from 4.25% to 4.00%. This consistent easing reflects ongoing efforts to stimulate economic activity and support the housing market amid evolving financial conditions. 

This latest rate cut is already having a positive impact on mortgage rates, driving them even lower and creating an attractive window of opportunity for potential property buyers. As borrowing becomes more affordable, more people may consider stepping onto the property ladder or refinancing existing loans to secure better terms.

For those looking to buy a home this year, the sustained reduction in interest rates could make monthly payments significantly more manageable. However, experts recommend acting sooner rather than later, as such favourable conditions could also lead to increased competition and rising house prices.