Bank of England holds base rate at 3.75% — what it means for buy-to-let

At its meeting ending 17 June 2026, the Bank of England’s Monetary Policy Committee voted by a majority of 7–2 to hold the Bank Rate at 3.75%. Two members preferred a 0.25 percentage-point rise to 4%. For buy-to-let landlords, a held rate means borrowing costs are steady for now — but there are a few things worth keeping in mind.

What it means for landlords

• Mortgage costs hold steady. With the base rate unchanged, tracker and variable buy-to-let rates should see little immediate movement, though lenders set their own pricing.
• The Mortgage Charter does not cover buy-to-let. The government’s mortgage support measures apply to residential owner-occupier borrowers, not buy-to-let mortgages — so landlords should not rely on them.
• Rates remain higher than the lows of recent years. The split vote shows the path ahead is uncertain, so it is worth stress-testing your numbers against a possible rise.

Planning ahead

If you have a fixed rate ending soon, review your options early. And remember that under the Renters’ Rights Act you can now only raise rent once a year via a Section 13 notice, so factor any rising costs into a single, evidenced annual review rather than ad-hoc increases.

This article is general information for UK landlords, not financial or legal advice. Take professional advice before making borrowing decisions. Source: Bank of England, June 2026 Monetary Policy Summary.