More than half of the mortgage brokers (52%) expect at least two cuts before the end of February 2026, according to a Landbay study.
The study conducted in August also showed that although ten in every eleven brokers (91%) the specialist buy-to-long money shooter told that they had cut at least one further, only one in eleven (9%) suggested that there would be no more cuts from the Bank of England in the course of the period.
One in eight of the brokers (12%) surveyed said they expected three more cuts with four on every ten (40%) who expected two more cuts. A similar number (40%) said that they had expected a reduction before the end of February 2026.
Research by Pantheon Macroeconomics suggests that the cut by Augustus can be a ‘one-and-do-do’ movement, with the most important British economist of the market analyst, Rob Wood, who only predicted one extra reduction in 2025, probably in November, due to persistent wage growth and sticky inflation.
Responding to the latest projections Landbay Sales and Distribution Director Rob Stanton said: “Our research shows that mortgage brokers are overwhelmingly optimistic about further interest rate letings, with 91% that expects at least one this year. This trust reflects a strong belief in continuous monetary relaxation.”
He added that while brokers saw clearly persistent economic support from the Bank of England, he wondered whether two cutbacks could look like Wishful Thinking after the inflation figures in July before the end of the year.
The optimism of the brokers comes across a background of evolving economic conditions. The Bank of England has reduced its basic rate by 0.25 percentage points to 4% On August 7, 2025, marking the fifth reduction since August 2024, when the rates was a highlight of 16 years of 5.25%.