“Bank Rate can stand still while the cost of borrowing moves around it.” Martin Sims, Distribution Director at Molo

17 September 2026

Martin Sims, Distribution Director at Molo, commented:

“A hold probably makes perfect sense when you look at everything the Bank is dealing with right now. Higher oil and energy costs are adding to inflation concerns, but there are signs of cooling in the labour market at the same time. Put those things together and there is a reasonable case for the Bank to wait for more evidence rather than make a move now.

“But Bank Rate can stand still while the cost of borrowing moves around it. Funding markets have been volatile and expectations for where rates go next have moved considerably. That difference is important because mortgage pricing is looking ahead rather than simply waiting for the MPC to move Bank Rate.

“For landlords, there is always a temptation to wait for the next meeting in the hope that finance becomes cheaper. The problem is that you could wait for Bank Rate to fall and find mortgage markets have already priced much of that expectation in. The landlords we’re seeing are getting on with the job instead - looking at purchases, reviewing existing borrowing and working with their brokers to decide what makes sense for their portfolio today.

“That’s where I think lenders have a responsibility. At Molo, we’re hopeful rather than optimistic that funding markets will start to settle down, but whatever happens next, we’re an intermediated lender and we are there for the broker and their client. That means helping brokers retain an existing client by supporting a refinance or finding a route for the next purchase. We want the broker to remain at the centre of that relationship.”