The Bank of England has kept Bank Rate at 3.75% in its September decision, published on 17 September 2026. The decision concerns borrowing costs across the UK and is relevant to landlords with a mortgage on their rental property.
Six members of the Monetary Policy Committee voted to hold the rate. Three wanted an increase to 4%. The Bank pointed to renewed energy-price pressures and said the risks of higher inflation had increased, while acknowledging that the outlook remained uncertain.
A rate hold does not fix every borrowing cost
Bank Rate influences the interest rates lenders charge, but it is only one factor. The Bank’s own explainer says lending rates can move for other reasons and do not necessarily change by the same amount as Bank Rate.
For a landlord reviewing a mortgage payment or an approaching deal expiry, the useful starting point is the loan’s own terms and the lender’s latest information. Check the rate you pay, when any current deal ends and how the rate after that date is determined. Ask your lender to explain anything unclear; a suitably qualified mortgage adviser can help with advice about your circumstances.
For wider background on rental-property costs, our report on HMRC’s landlord expenses figures covers historical income and spending reported through Self Assessment. Those figures are separate from this interest-rate decision and do not predict an individual landlord’s costs.
The next Bank Rate decision is due on 5 November 2026. September’s vote does not settle what that decision will be.
Sources
- Bank of England: September 2026 Monetary Policy Summary and Minutes, published 17 September 2026.
- Bank of England: What is happening with interest rates in the UK?, updated 17 September 2026.
