Mortgage borrowers are being urged to review their current deal ahead of the Bank of England's June 18 rate decision.

Who

Mortgage borrowers, Joseph Lane, mortgage broker at Mortgage Lane, lenders, HomeOwners Alliance

What

When

Fri, 12 Jun 2026 10:06:29 GMT · 1h 57m ago

Where

UK ·

Why

Mortgage borrowers often wrongly assume mortgage rates only change when the Bank of England changes the base rate, and waiting for a potentially lower rate can lead to being moved onto a more expensive variable deal.

The Frontline Impact

How this affects you

Homeowners approaching the end of fixed-rate mortgage deals face important decisions about remortgaging, as falling onto a lender's standard variable rate, which averaged 7.13% in May, could be a costly mistake.

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Verified Sources & Citations

Daily Record
https://www.dailyrecord.co.uk/lifestyle/money/homeowners-interest-rate-june-decision-37284276
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