Bank of England Base Rate Held

The Bank of England’s decision to hold the base rate today reflects the complexity of the current economic landscape. While inflation has edged up recently – potentially due to one-off factors like higher employer costs from National Insurance changes – underlying indicators suggest demand remains weak and business confidence subdued.

At Redwood, we’ve observed volatility in the market, with a number of specialist lenders cutting BTL rates, and some high street lenders increasing rates. But we believe now is a time for balance and caution. We’re focused on providing sustainable lending to experienced landlords and SMEs – borrowers who value reliable access to funding, tailored solutions and expert decision-making.

We’ve recently strengthened our affordability models to help customers increase leverage sensibly, particularly in the BTL and HMO markets, and our pricing remains competitive alongside service quality. We’re aiming to be a steady ship for  brokers and clients with deals that work for the long term.

On the savings side, we’ve continued to offer strong, consistent value – as recognised by our seventh Business Moneyfacts Best Variable Rate Account Award. As ever, we’ll monitor the market and adjust where it benefits our customers. For now, Redwood remains focused on maintaining a stable and competitive proposition, underpinned by expertise and confidence.