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

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