Bank Rate ended October at 3.75%
The Bank of England held Bank Rate at 3.75% in September. There was no October decision, so that was the rate at the end of the month. This is the central bank’s policy rate, not a mortgage offer. Read the September decision.
Inflation rose in the latest release
ONS figures published on 21 October put annual CPI inflation at 3.5% for September, up from 3.1% in August. The release describes the previous month’s prices. For a household planning a larger loan, it is a useful prompt to revisit everyday spending alongside the mortgage payment. Read the ONS release.
House-price growth slowed
Nationwide’s 30 October report showed annual house-price growth of 0.5%, down from 0.8% in September. Prices were unchanged month on month after seasonal adjustment. An index gives market context; it does not establish what a particular home is worth. Read Nationwide’s October report.
A useful next step
For a £500,000–£1 million-plus mortgage, bring the intended loan, deposit, income breakdown and purchase or remortgage deadline to the conversation. Overseas borrowers should also identify income currencies and where deposit funds are held.
Explore £500k mortgages · Larger loans · International borrowers
Also published in October: the government’s Budget 2026 documents. Check the actual rules and effective dates with your tax or legal adviser before acting.
Historical market information, checked 9 November 2026. This is general information, not a personal recommendation or a current product-rate quotation. Illustration: fictional puppet characters created for this edition.