Legal
20 March 26
The Bank of England has decided to hold interest rates at 3.75%—so no rate cut just yet.
This comes down to ongoing global uncertainty, with rising oil and gas prices making inflation harder to predict. In short, the Bank is choosing to pause rather than rush into a decision.
What This Means for You
There’s already been a bit of movement in the mortgage market:
- Mortgage rates have ticked up slightly
- Some of the better deals have been pulled
- Lenders are being a bit more cautious
It’s not a dramatic shift—but it’s something to be aware of if you’re planning your next move.
The Property Market Is Still Moving
Despite everything going on, the housing market hasn’t slowed down:
- Buyers are still actively looking
- Sellers are still listing
- Agreed sales are holding steady
And importantly, there’s more choice on the market than we’ve seen in years, which is great news for buyers.
What Happens Next?
This looks like a temporary pause, not a long-term change.
If things settle globally and inflation stays under control, rate cuts could still be on the table later this year. We’ll know more after the Bank’s next few meetings.
Bottom Line:
The market hasn’t stopped—it’s just adjusting.
If you’re thinking about buying or selling, there’s still plenty of opportunity out there.
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