Bank of England Holds Base Rate – A Positive Outlook for Borrowers

On Thursday, 19th June, the Bank of England held the base rate steady at 4.25%, which reflects the cautious but stable outlook during the ongoing global uncertainties and concerns around inflation. While this could be perceived as a slowing of progress, it is in fact an indication of security and confidence in the UK economy’s resilience. Market forecasts suggest that there is an encouraging point to a downward trajectory for interest rates, with the base rate expected to drop to 3.75% in the short term. If this were to transpire, it would be great news for new borrowers, those looking to refinance, and even older borrowers considering later life lending in the coming months. 

At Smith & Pinching, we are here to help make the most of the rates reducing. A big positive of working with us is our proactive approach: we will continuously look to monitor and switch your rate, right up until completion, which ensures that you benefit from the best deals whilst the markets continue to shift. 

If you are a first-time buyer or looking to refinance, our mortgage team can help secure the best deal for your individual circumstances.  Whether it’s a residential mortgage, buy-to-let, holiday let, or later life lending, we will be with you through the process.

If you have any questions around anything that has been mentioned, please feel free to take a look at our mortgage page, or even get in contact with us by clicking here. 

Planning now means you can plan with confidence.  We will be with you every step of the way, for now, for next, for life.

Written Hari Rathi

Reference 2609/06/2025