The Bank of England announced on 17 September 2026 that Bank Rate would remain at 3.75%. This article records that decision rather than predicting the rate available when you next apply for a mortgage.
What the committee decided
The Monetary Policy Committee voted six to three to hold the rate. The other three members wanted a rise to 4%. Its statement highlighted uncertainty around energy prices and the risk that inflation pressures could persist. A decision to hold therefore did not amount to a promise that borrowing costs would fall next.
Read your own mortgage terms
A mortgage rate and Bank Rate are different figures. Check whether your borrowing is fixed, tracks a specified benchmark or uses a lender’s variable rate. Read the product terms and any lender notice before changing your repayment budget. Fixed-rate pricing can change even when Bank Rate stays unchanged.
Prepare for the end of a deal
Keep the end date, outstanding balance, current payment and any early repayment charge together. When comparing possible replacements, ask for the total cost over the period you expect to keep the loan, including fees. An advertised rate alone does not establish eligibility or affordability.
Keep forecasts separate from commitments
Use confirmed payments for today’s budget and clearly labelled scenarios for later costs. Revisit those scenarios when a lender gives you an actual offer. For a rental property, allow separately for maintenance and periods without rent; a rate announcement does not remove those costs.
Source: Bank of England, September 2026 Monetary Policy Summary. This is general information, not a mortgage recommendation.
Editorial review: 15 October 2026. This original Property Perpetuity guide replaces the imported text; the original archive publication date is retained.