What It Means for Homeowners in Cobham, Gravesend & Meopham
The Bank of England has confirmed that the base rate will remain at 4.25%, following its June 2025 review.
As a mortgage broker based in Cobham, near Gravesend, and Meopham, we’ll help you understand how the Bank of England’s base rate decision affects you — especially if you’re thinking about remortgaging or coming to the end of a fixed rate.
This rate hold brings both stability and opportunity — particularly for those considering a remortgage or planning a move later this year
Here’s what you need to know...
Why was the Base Rate held?
While inflation remained steady at 3.40%, it still sits above the Bank’s 2.00% target.
With uncertainties in the global economy, the contraction in UK growth, plus the ongoing international conflicts in the Middle East putting pressure on energy/oil prices, the Monetary Policy Committee has taken a wait-and-see approach.
There’s growing expectation that a rate cut could come later this year, possibly in August or November, but for now, the message is clear, caution over haste.
What does a 4.25% base rate mean for homeowners in Kent
Your mortgage isn’t changing overnight, but lenders may start adjusting their fixed-rate deals in anticipation of future base rate cuts.
- If your current deal is ending soon, now is the time to act. By securing a new fixed rate now, you can avoid the risk of lenders pulling or repricing deals when the Bank eventually does cut rates.
- If you’re on a variable or tracker rate, you won’t see any change just yet — but future cuts may bring some relief later in 2025.
A Local Perspective — Cobham, Gravesend & Meopham
At Thameside Mortgages, we’ve seen a sharp rise in homeowners across Kent looking to secure peace of mind with a new mortgage deal.
- Where family homes often come with higher borrowing needs, locking in a deal now could mean significant savings in the long run.
- Where clients are remortgaging or upsizing, we’re help compare not just the rate, but the total cost of borrowing — factoring in cashback, product fees and flexibility
Frequently Asked Questions (FAQs)
Due to global economic uncertainty, slower UK growth, and rising energy prices linked to ongoing conflicts, the Bank has adopted a cautious, wait-and-see approach.
If your fixed-rate deal is ending within the next 6 months, it’s worth exploring your options now. A broker can help you secure a new rate and monitor the market for better deals.
If you don’t arrange a new mortgage, you’ll likely move onto your lender’s Standard Variable Rate (SVR), which is usually much higher than fixed-rate deals and could increase your monthly repayments significantly.
A good broker searches over 70 lenders, not just your current lender’s offerings. They can help you secure a competitive deal and continue to monitor rates for potential improvements before your new deal starts. Thameside Mortgages are a Cobham-based mortgage adviser in Kent.
Forecasting interest rates is difficult, but many experts predict that the BoE may consider further cuts later in 2025 if inflation stabilises. However, market conditions and global events can impact this outlook.
In short — not necessarily. The mortgage market tends to price in expectations before the Bank of England acts. This means that many lenders may reduce rates slightly in advance, but others may become more cautious and limit product availability.
Often, doing nothing means reverting to a higher standard variable rate — which means interest rates would need to fall significantly before you’d see any real savings during that time.
By reviewing your options now, you can secure a deal that protects you against uncertainty — and in some cases, switch to a better deal if rates drop before completion.
Don’t just take our word for it…Here’s what one of our recent first-time buyer clients had to say:
⭐️⭐️⭐️⭐️⭐️
“Moving house can be daunting for anyone, especially being first-time buyers… Thankfully, we came across Thameside Mortgages, which gave us so much reassurance, clarity and helped simplify everything throughout our entire mortgage process. Nothing was too much to ask and as a team, they have far exceeded any expectation by going above and beyond for us and always being just a phone call away.
We couldn’t have done it without Andrew, Laura and Lydia. You are the most helpful and supportive business with the highest standard of client care. We can’t thank you enough. When we end up moving in the future, Thameside Mortgages will be the first people we turn to. We highly recommend them to anyone that’s thinking of moving. You are in the safest hands choosing this business.”
– Shannon & Alfie
Get in Touch
If you’re in Cobham, Meopham, Gravesend, Rochester, or surrounding areas, now is the perfect time to review your mortgage.
At Thameside Mortgages, we specialise in helping homeowners like you secure the right mortgage deal. Whether you’re remortgaging, buying, or just exploring your options, our team is here to guide you every step of the way.
📞 Get in touch today for a free mortgage review – because securing the right deal now could save you thousands in the long run.
👉 Call us or book an appointment online now!
You can call us on 03455 120 125, or complete the form below.
Post from Thameside Mortgages
A mortgage is a loan secured against your home or property. Your home or property may be repossessed if you do not keep up repayments on your mortgage or any other loan secured on it. The Financial Conduct Authority does not regulate most forms of buy to let mortgage.
