Bank of England cuts interest rate to 3.75%

The Bank of England has reduced the base interest rate to 3.75%, bringing reassuring news for anyone considering their next move.

Lower interest rates can make mortgages more manageable, giving buyers added confidence when planning their next home. Those on tracker mortgages are likely to see a fall in monthly repayments, while fixed-rate deals are expected to become increasingly attractive as lenders respond.

For those looking to move, this change makes it easier to plan and budget, helping first-time buyers and growing families feel ready to take the next step.

The rate cut also provides a positive boost to the housing market, giving buyers more choice and encouraging activity. With borrowing costs easing, the path to a new home feels more accessible, allowing buyers to focus on finding a home that truly suits their lifestyle.