""The Budget is now the only barrier to a December base rate cut... A December cut now looks a racing certainty - provided the Budget doesn't throw a spanner in the works.""
""This fall in inflation is good news for households and businesses across the country, but I'm determined to do more to bring prices down.""
Inflation has fallen to 3.6%, strengthening expectations of a Bank of England base-rate cut at the final 2025 meeting that would influence fixed-rate mortgage pricing into 2026. Lenders have already adjusted to lower swap rates, prompting renewed borrower interest in whether mortgage rates will decline. The Budget represents a potential obstacle to a December base-rate cut. Housing affordability is improving as prices soften in many regions, average deposit requirements trend lower, and borrowing power rises, which together help rebuild buyer confidence going into 2026.
Read at Homebuilding
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