"Mortgage pricing tells a more optimistic story despite BBR hold" - Steve Cox, Fleet Mortgages

06 November 2025

Steve Cox, Chief Commercial Officer at buy-to-let lender, Fleet Mortgages, on today’s BBR decision:

“While the MPC chose to hold BBR at 4% today, the trend in mortgage pricing tells a more optimistic story. Mortgage rates have been falling in recent weeks and we expect that to continue across November. Regardless of the MPC’s decision, buy-to-let lenders, including Fleet, have been cutting rates as swaps and funding conditions improve, and this provides an opportunity for advisers and landlord clients to engage now rather than wait.

“With the Renters’ Rights Act now passed into law, landlords face a fresh set of compliance obligations and responsibilities that are likely to come with added costs. Whether it’s meeting new minimum standards or adjusting to tenancy reforms, financial planning is essential, and any savings achieved through more competitive mortgage pricing will help landlords manage these pressures. Lower mortgage costs won’t just ease affordability, they’ll support long-term investment in professional, compliant portfolios.”