In its latest meeting on March 19th, the Bank of England opted to keep the base rate steady at 3.75%. While there was significant anticipation earlier in the year that we might see a cut to 3.5%, the Monetary Policy Committee voted unanimously to hold the line as they monitor global economic pressures and fluctuating energy costs.

So, what does this mean to borrowers today? Homeowners with Bank of England linked tracker products will not experience increased repayments until the Bank of England increases the base rate. Borrowers on fixed rates are immune to any increase in repayments until their current benefit product ends. The next BoE meeting is on 30th April.

For new borrowers, this means a reduced number of products to choose from and potentially higher rates. Despite the hold in rates, lenders are still hungry for business and average rates are similar to what we saw last August. If there is a de-escalation of what is happening in the Middle East, we should see a reduction in swap rates.


Is Spring still the time to move?

Absolutely. While the base rate didn’t drop this month, the broader outlook for 2026 remains optimistic. Moving in the Spring allows you to capitalise on higher stock as more homes tend to hit the market in April and May.

Choosing a fixed rate now provides peace of mind regardless of what the BoE decides in their next meeting. With rates holding steady, you can accurately calculate your affordability without the fear of the unknown.


How Inform Mortgages can help

The mortgage market moves fast even when the base rate doesn’t. At Inform Mortgages, our team do the legwork for you, scanning the whole market to find the products that fit your specific goals.

Book a call with us today and let’s get you moving.


YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

There may be a fee for mortgage advice. The precise amount will depend upon your circumstances and will be agreed with you before proceeding but we estimate it will be £995 unless you are being referred to us by your employer as part of your workplace benefits scheme or one of our New House Building Partners, in which case our mortgage advice is a fee free service.