More than half of mortgage brokers (52%) say they expect at least two cuts before the end of February 2026.

Specialist lender Landbay asked mortgage brokers, “How many interest rate cuts will there be by the end of February 2026?”.  Of those surveyed, more than half (52%) said they expected at least two cuts before the end of February 2026.

While 10 in every 11 brokers (91%) told the specialist buy-to-let lender that they predicted at least one further cut, only one in 11 suggesting there would be no more cuts from the MPC over the period.

One in eight of the brokers polled (12%) said they expected three more cuts with four in every ten (40%) said they expected two more cuts.  A similar number (40%) said they expected another cut before the end of February 2026.

Research from Pantheon Macroeconomics suggests the August cut may be a “one-and-done” move, with their chief UK economist, Rob Wood, forecasting just one additional cut in 2025, likely in November, due to persistent wage growth and sticky inflation.

A Landbay spokesperson says: “Our research shows mortgage brokers are overwhelmingly optimistic about further interest rate cuts, with 91% expecting at least one more this year.  

“This confidence reflects a strong belief in continued monetary easing, which could boost borrowing and market activity.  And over half of the intermediaries we polled told us they anticipate at least two cuts by year-end suggesting robust expectations for the back end of 2025.  While brokers clearly see sustained economic support from the Bank of England, I wonder if two cuts before the end of the year might look like wishful thinking following the July inflation figures.”

The brokers’ optimism comes against a backdrop of evolving economic conditions.  

The Bank of England cut its base rate by 0.25 percentage points to 4% earlier this month, marking the fifth reduction since August 2024, when rates stood at a 16-year high of 5.25%.  

This decision followed a split vote, with five MPC members favouring the cut and four preferring to hold, reflecting the delicate balance between supporting a stagnating economy and managing inflation, which stands at 3.8%, having risen from 3.6% in June 2025, significantly above the Bank of England’s 2.0% target.

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