remortgaging

U.K News / US News

UK Mortgages: Bank Rate Hits 4% as Borrowers Face Higher Monthly Bills

The Bank of England raised Bank Rate to 4% on Thursday 5 November 2026, the first increase in more than three years, and the decision lands directly on millions of UK mortgages. Borrowers on tracker and variable-rate deals will see monthly payments rise within weeks, while anyone coming off a cheap fixed deal faces a far sharper jump. The Monetary…