Bank of England Lowers Base Rate to 4% – What It Means for the Property Market

The Bank of England has today reduced the Base Rate to 4% after a cut of 0.25 percentage points by the Monetary Policy Committee. This is the third change so far this year and is part of the Bank’s ongoing approach to balance economic pressures while working towards lowering inflation, which remains above the 2% target.

Although some may question the move with inflation still high, the decision signals growing confidence in the strength of the UK economy. Many experts believe we could see further reductions before the end of 2025.

For the property market, and particularly here in Pinner and the surrounding areas, lower borrowing costs can be a welcome boost. Buyers may find it easier to secure finance, and sellers could benefit from increased activity. The change may also encourage movement in higher-value markets, attracting both local buyers and interest from further afield.

At Rawlinson Gold Pinner, we will be watching the market closely. If you are considering buying, selling, or remortgaging, now could be a good time to review your options and see how these changes might work in your favour.