The Bank of England has opted to keep interest rates at 4 per cent until at least November, with implications for mortgage holders .

The economists on the Bank’s Monetary Policy Committee (MPC) voted 7-2 to hold rates , after they were cut in August, with two members voting for a reduction to 3.75 per cent.

The decision to hold rates was widely expected by economists and mortgage experts.

What it means for your mortgage, and what it could mean for the remainder of 2025, depends on the type of home loan you have – with the full details below.

What it means for variable and tracker mortgage holders

Tracker mortgages are a type of deal which track the Bank of England base rate. As a result of the hold on Thursday, people with these mortgages will see no change to their costs.

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