The Bank of England (BoE) has kept the base rate at 5.25%, with important implications for mortgages and the UK economy in 2024. This BoE base rate level has had a direct impact on mortgage costs and on property purchase decisions in London. What the BoE base rate at 5.25% means for UK mortgages A high base rate translates into more expensive mortgages. Banks and lenders adjust their rates in line...