The Bank of England’s Monetary Policy Committee held Bank Rate at 3.75% on 17 September 2026. The decision was supported by six of the nine committee members, while three voted for a 0.25 percentage-point increase. For London property buyers, this is not simply a headline about the cost of borrowing. It arrives as London house prices are showing a different pattern from much of the UK: the latest...
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The latest official data presents a nuanced but potentially useful moment for London buyers. While average house prices across England were 1.1% higher year on year in July 2026, London recorded an annual fall of 3.3%, taking its average price to £569,000. At the same time, the Bank of England has kept Bank Rate at 3.75%, with borrowing costs still materially above the levels many purchasers became used...