{"id":12859,"date":"2026-02-05T13:02:54","date_gmt":"2026-02-05T13:02:54","guid":{"rendered":"https:\/\/www.craneandco.co.uk\/pages\/?p=12859"},"modified":"2026-02-05T13:02:54","modified_gmt":"2026-02-05T13:02:54","slug":"interest-rate-decision-just-out-what-does-it-mean-for-you","status":"publish","type":"post","link":"https:\/\/www.craneandco.co.uk\/pages\/interest-rate-decision-just-out-what-does-it-mean-for-you\/","title":{"rendered":"Interest Rate Decision Just Out: What Does It Mean For You?"},"content":{"rendered":"

Breaking News \u2026. Bank Rate Held at 3.75%\u00a0 \u2026. Here\u2019s What You Need to Know<\/strong><\/span><\/h3>\n

Ask most people what the Bank Rate (commonly known as the interest rate) means to them and you\u2019ll probably get the same answer.<\/p>\n

What? Or maybe, err?<\/p>\n

Because most people don\u2019t know much about Bank Rate and how it affects them.<\/p>\n

But for anyone in the property market \u2013 or thinking of jumping into it \u2013 this is muy importante <\/em>indeed.<\/p>\n

And as ethical agents transparency is one of our guiding lights. We believe buyers and sellers should have the complete picture before making a move.<\/p>\n

(That\u2019s one of the reasons we do posts like this.<\/p>\n

While the official Bank Rate set by the Bank of England isn\u2019t the same as the interest rate you pay on your mortgage they are kinda linked.<\/p>\n

When Bank Rate goes up mortgage interest rates usually go up. Vice versa when it goes down.<\/p>\n

So trying to predict where Bank Rate is going is really useful if you\u2019re thinking of making a move.<\/p>\n

But over the last couple of years crystal balls have had their work cut out. (All say aww for crystal balls.)<\/p>\n

Experts have had it tough too. Many predicted Bank Rate would be lower by now. (Moral of the story \u2013 don\u2019t always believe experts.)<\/p>\n

It\u2019s been a real PITA for the Bank of England\u2019s Monetary Policy Committee \u2013 the people who make the decision \u2013 as well.<\/p>\n

The economy is sluggish. People are more cautious about spending their dosh.<\/p>\n

That would normally see Bank Rate cut. To give the economy a shot in the arm.<\/p>\n

Inflation has made their decisions more difficult. At 3.4% it\u2019s far higher than the 2% target the Bank are supposed to work towards.<\/p>\n

That would normally see the rate go up. To keep inflation in check.<\/p>\n

Anyway, at the end of the day \u2013 after gallons of tea and the odd packet or ten of chocolate Hob Nobs no doubt \u2013 they decided to keep Bank Rate on hold this time.<\/p>\n

So what do we think this might mean for the market?<\/p>\n

Most experts are still predicting there will be one or two small rate cuts this year. So today\u2019s decision actually makes it look more likely there will be a cut in March or April.<\/p>\n

For homeowners with a mortgage, today\u2019s decision is still positive news. Mortgage payments could be on the way down soon. (But remember if you have a fixed rate mortgage the interest rate stays the same until the end of the fixed term.)<\/p>\n

For buyers \u2013 including first time buyers \u2013 the cost of new deals should continue to fall too. (Maybe just a smidge perhaps, but it could make a new home that bit more affordable.)<\/p>\n

What\u2019s good for buyers is generally good for sellers when it comes to falling rates. A rate cut in the spring \u2013 traditionally a busy time of year for moving anyway \u2013 could be very good news indeed.<\/p>\n

Let\u2019s not forget landlords. Landlords are facing a fair few challenges at the moment. Lower mortgage rates on the horizon should help out a bit.<\/p>\n

We hope you\u2019ve found this explainer useful. If you\u2019re thinking of selling please don\u2019t hesitate to get in touch. We\u2019ll be happy to offer you our honest opinion on how all this affects the saleability of your home and a current market valuation.<\/p>\n

Estate Agency Done Ethically<\/strong><\/span><\/p>\n

We are proud members of the Ethical Agent Network (EAN).<\/p>\n

A national group of independent agents who have been independently tested<\/p>\n

to ensure we meet strict standards of honesty, service, professionalism, and<\/p>\n

community care.<\/p>\n

To find out more about what we do and why we passed the EAN and are the<\/p>\n

only local agency in the network, contact us today.<\/p>\n","protected":false},"excerpt":{"rendered":"

Breaking News \u2026. Bank Rate Held at 3.75%\u00a0 \u2026. Here\u2019s What You Need to Know Ask most people what the Bank Rate (commonly known as the interest rate) means to them and you\u2019ll probably get the same answer. What? Or maybe, err? Because most people don\u2019t know much about Bank Rate and how it affects […]<\/p>\n","protected":false},"author":3,"featured_media":12860,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[6],"tags":[25,32],"class_list":["post-12859","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-jerry","tag-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.craneandco.co.uk\/pages\/wp-json\/wp\/v2\/posts\/12859","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.craneandco.co.uk\/pages\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.craneandco.co.uk\/pages\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.craneandco.co.uk\/pages\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.craneandco.co.uk\/pages\/wp-json\/wp\/v2\/comments?post=12859"}],"version-history":[{"count":1,"href":"https:\/\/www.craneandco.co.uk\/pages\/wp-json\/wp\/v2\/posts\/12859\/revisions"}],"predecessor-version":[{"id":12861,"href":"https:\/\/www.craneandco.co.uk\/pages\/wp-json\/wp\/v2\/posts\/12859\/revisions\/12861"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.craneandco.co.uk\/pages\/wp-json\/wp\/v2\/media\/12860"}],"wp:attachment":[{"href":"https:\/\/www.craneandco.co.uk\/pages\/wp-json\/wp\/v2\/media?parent=12859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.craneandco.co.uk\/pages\/wp-json\/wp\/v2\/categories?post=12859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.craneandco.co.uk\/pages\/wp-json\/wp\/v2\/tags?post=12859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}