Bank of England cuts interest rates to 4%

Caz Blake-Symes • August 7, 2025

The Bank of England cuts interest rates from 4.25% to 4%, with effect from today, 7 August 2025.


It's the Bank's fifth cut since last August, and takes the cost of borrowing to its lowest level for more than two years

The decision was widely expected.


A lower interest rate from the Bank of England can reduce monthly mortgage costs for some homeowners, but it can also lead to a smaller return for savers -


People with tracker mortgages, which are loans that track the Bank’s base rate, could see an immediate reduction in monthly repayments. There are about 600,000 people who have one.


For example, the cut in rates means repayments on an average standard variable rate mortgage of £250,000 over 25 years will fall by £40 per month, according to financial information company Moneyfacts.


However, most people with a mortgage are on a fixed-rate deal. These are often for 2 or 5 years.


This reduction in the interest rate will not have an effect on these mortgages until their current deal comes to an end.

If your mortgage is due to end within the next 6 months, please give Russell Green a call to find the most suitable and best value deal for you.


How to Contact Us

Tel 01934 442023

Email russell@swmortgages.com

Complete a form via our website www.westonmortgagesonline.com



Our initial mortgage consultation is free and with no obligation; should you proceed to an application, there will usually be a fee for mortgage advice. The precise amount of the fee will depend upon your circumstances, but will range from £ 290 to £490, and this will be discussed and agreed with you at the earliest opportunity.


Please remember: YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Autumn bounce is here, but buyers may hold more cards as homes for sale hit a 12-year high

By Russell Green • October 5, 2026
House hunters are returning after the summer lull, but a bumper choice of properties means buyers can afford to be choosier. Here is what the changing autumn market could mean if you are planning a move.

Small-deposit mortgages are making a comeback

By Russell Green • September 28, 2026
Struggling to save a huge deposit for your first home? New figures show mortgages for buyers with smaller deposits are accounting for a bigger share of lending. But a 5% deposit does not necessarily mean buying will be affordable, so here is what first-time buyers need to know.

First-Time Buyers - Getting on the Property Ladder with Weston Mortgages Online

By Russell Green • September 24, 2026
Taking your first steps onto the property ladder is an exciting milestone, but let’s be honest: the world of mortgages can feel overwhelming. Between deciphering interest rates, working out borrowing limits, and keeping track of dynamic market changes, it’s easy to feel stuck before you’ve even booked your first viewin

Finding Your Ideal Mortgage Just Got Faster: Introducing Our New Online Quote Tool

By Russell Green • September 16, 2026
At Weston Mortgages Online, we believe that getting a mortgage shouldn't involve endless phone calls, complicated paperwork, or days of waiting just to get an initial idea of what you can borrow.

What the Summer Property Market Is Telling Us About Autumn 2026

By Russell Green • September 3, 2026
Summer can be a difficult time to read the property market. Families go away, house hunting competes with holidays and good weather, and some of the most reliable housing statistics arrive several weeks after the activity they measure.

Why Russell Green at Weston Mortgages Online is the Ally You Need for Your Next Property Move

By Russell Green • August 28, 2026
Navigating the mortgage market can often feel like trying to solve a complex puzzle with missing pieces. Whether you are buying your very first flat, upgrading to your forever family home, or managing a remortgage, the financial jargon and mountain of legal paperwork can easily get overwhelming.

Navigating Your First Home Purchase: Why Using an Experienced Mortgage Broker Makes All the Difference

By Russell Green • August 24, 2026
Stepping onto the property ladder is one of the most exciting milestones in life. However, between understanding deposits, navigating affordability checks, and choosing from thousands of deals, the process can quickly feel overwhelming.

Could your family keep the home if the unexpected happened?

By Russell Green • August 17, 2026
A mortgage can run for decades, but a household’s income can change overnight. Illness, a serious diagnosis, redundancy and death create different financial problems, and no single insurance policy necessarily covers them all. Most homeowners understand the need to insure the building they live in. Buildings insurance
More than five million households are expected to face higher mortgage repayments

Five million homeowners face higher mortgage payments

By Russell Green • August 10, 2026
More than five million households are expected to face higher mortgage repayments by the end of 2028, according to the Bank of England. For homeowners approaching the end of a fixed deal, starting early could provide more time, more options and greater certainty.

Russell qualifies as a member of the Green Finance Institute

By Russell Green • August 8, 2026
We are delighted to share that Russell Green has completed the Green Finance Institute's Certificate in Financing Greener Homes. Delivered by the Green Finance Institute in partnership with Lloyds Banking Group and accredited by LIBF, the Certificate gives Russell the technical knowledge and market insight to confiden