The Bank of England has today cut the base rate from 4.5% to 4.25%, bringing interest rates down to their lowest level in over two years. This is the second-rate reduction of 2025 and the fourth since the peak of 5.25% last summer.
While this move was widely expected, the announcement still raises questions for homeowners, buyers, and anyone considering a remortgage — especially with further rate cuts possible later this year.
Here’s what you need to know...
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