Interest Rates Reduced to 4% – What You Need to Know

The Bank of England has announced a further cut to the Base Rate, bringing it down to 4%. This is the third-rate reduction so far this year, as the Monetary Policy Committee continues to respond to wider economic pressures.

Although inflation remains slightly above the government’s 2% target, the 0.25 percentage point drop is designed to support households, businesses, and the property market during a time of ongoing adjustment.

Looking ahead, many experts believe we could see additional rate cuts before the end of 2025, a trend that may help more buyers and movers take the next step with confidence.

At Hanover, we’re here to guide you through what this change might mean for your local property plans – whether you’re buying, selling, renting or letting. If you’d like a clearer view of how it could affect your position, we’d be happy to talk.