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Bank of England Holds Interest Rates at 3.75% – What This Means for the Property Market..

The Bank of England has today (Thursday 5th February 2026) voted to keep the base interest rate on hold at 3.75%, following the latest Monetary Policy Committee (MPC) meeting.

While rate changes often grab headlines, a decision to hold is just as important — particularly for the housing market.

Why this matters..

Holding interest rates provides stability and certainty, something both buyers and sellers value highly. After a period of adjustment across the mortgage market, this decision reinforces the sense that we are now in a more predictable phase.

For many, this means:

  • Mortgage rates are less volatile
  • Buyers can plan with greater confidence
  • Sellers benefit from more committed, informed purchasers

What we’re seeing locally..

Across Chorlton and South Manchester, buyer confidence has continued to strengthen. First-time buyers are active, movers are re-engaging, and realistic pricing is being rewarded with strong levels of interest.

A steady base rate supports this momentum. Buyers who have already secured mortgage offers are reassured, while those still looking are less likely to delay decisions in anticipation of sudden rate changes.

What does this mean for sellers?

For homeowners considering a move in 2026, a stable interest rate environment creates better conditions to market property effectively. Buyers are focused, affordability is clearer, and transactions are progressing with fewer surprises.

Correct pricing, strong presentation, and professional marketing remain key — but market conditions are currently supporting well-prepared sellers.

Our advice..

As always, national headlines only tell part of the story. Local demand, pricing strategy, and buyer profiles matter far more than a single base rate decision.

At JP & Brimelow Estate Agents, we continue to monitor both the wider economic landscape and the local South Manchester market closely, ensuring our clients receive informed, practical advice at every stage.

If you’d like to discuss what this decision means for your property, your plans, or the current market value of your home, my sales team is always happy to help on 0161 882 2233.

Yours in Estate Agency

Eddie Ellis MNAEA

Owner

JP & Brimelow Estate Agents

Eddie – Thursday 5th February 2026. (Market update in February 2026).