Bank Rate rises to 4%
On 5 November, the Bank of England announced a 0.25 percentage-point increase in Bank Rate, from 3.75% to 4%. The committee voted 8–1 for that increase. The next scheduled decision is 17 December. Read the Bank of England decision.
A tracker’s response depends on its terms. A fixed-rate deal generally keeps its agreed rate until the fixed period ends. New mortgage pricing also reflects funding costs and lender decisions. How Bank Rate and mortgage rates differ.
The latest inflation figure is still September’s
As at 9 November, the latest ONS CPI release showed annual inflation of 3.5% in September. October’s figures are scheduled for 18 November; they are not included in this early edition. Check the ONS release and next publication date.
Read property headlines in context
Nationwide’s latest completed-month report is October’s, published on 30 October. It recorded annual growth of 0.5% and no monthly change after seasonal adjustment. Those are October observations, not November results. Read the report or compare the different types of house-price index.
What to prepare now
If your deal is ending, establish the end date and any early repayment charge before comparing options. For a larger loan, review the total cost over the intended deal period, including fees. For overseas income, bring the currency, income history and a clear deposit trail.
Larger-loan remortgage preparation · International mortgage guidance
Checked 9 November 2026. General information, not a personal recommendation or product-rate quotation. Rates and criteria can change. Illustration: fictional puppet characters created for this edition.