In a move that brings welcome calm to the housing market, the Bank of England has kept its base interest rate steady at 4.25% today, 19 June 2025. For mortgage holders and house hunters alike, this decision offers a rare moment of stability amid months of financial uncertainty.
Homeowners with variable-rate mortgages won’t see their repayments increase for now, while those looking to remortgage might find lenders slowly reintroducing more affordable fixed-rate deals. For buyers, it means the cost of borrowing—though still elevated compared to historic lows—isn’t rising further just yet.
Although inflation inched up to 3.4% in May, the Bank’s decision signals confidence that the worst of the price surges may be behind us. With three committee members even voting for a rate cut, the door remains open to potential relief later this year.
Gail Silvester, Sales Director, said “It’s not a full-blown recovery, but this kind of stability is exactly what the housing market needs to keep rebuilding confidence.”
If you would like free mortgage advice then please contact one of your local Barbers offices where they can help you.
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