Bank Rate Cut: How It Affects Your Mortgage & Savings
Update: 2025-12-18
Description
The Bank of Englands latest interest rate cut, from 4% to 3.75%, affects mortgage holders differently. Fixed-rate mortgage holders (86% of UK homeowners) wont see immediate changes. However, those with base-rate tracker mortgages (533,000) could save around £28.77 per month. Standard variable rate borrowers (59,000) may also see reduced rates, potentially saving £13.88 per month. The rate cut could also lower new fixed-rate mortgage costs, with some predicting two-year fixed rates below 3% by spring.
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