Mortgages

The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.

The base rate has been cut to 4.25% from 4.5% by the Bank of England. This rate is used by the central bank to charge other banks and lenders when they borrow money, so the move can impact mortgage and savings rates.

The Bank of England has held the base rate at 4.5%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.

For the past two years Nationwide has given some existing customers a £100 'Fairer Share' bonus. It’s likely, though not guaranteed, to do the same again this year. In previous years, the scheme has been announced in May and paid in June, though whether you got it depended on if you met the qualifying criteria in the first three months of the year – so you still have a bit of time left to maximise your chances.

Mortgage prisoners stuck paying extortionate interest rates have described their fears after it emerged their loans were being transferred to yet another inactive lender – this time with just days' notice.