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The Bank of England has opted once again to hold the base rate at 5.25% in its fourth consecutive pause. We explain how this affects homeowners and savers.
The Bank of England has held interest rates, leaving the Bank Rate untouched at 5.25pc.
Nationwide will raise selected fixed-rate residential prices by up to 30 basis points from tomorrow (2 February). The mutual says it will lift fixes among its new business, additional borrowing and existing customers moving home ranges. There is no change among switcher rates. The move comes hours after the Bank of
TSB will cut selected residential fixed-rate deals by up to 85 basis points from tomorrow (1 February), which will also see the lender launch new purchase offers. Highlights of the firm’s reductions include: Two-year first-time buyer and home mover fixes, down by up to 20bps Three-year first-time buyer and home
Principality Building Society will cut selected fixed-rate deals across its residential house purchase and landlord ranges by up to 45 basis points, from Thursday (1 February). However, the mutual will also lift prices on other home loans as swap rates rise. Two-year sonia swap rates rose to 4.27% on Friday,