More than half of mortgage brokers (52%) expect at least two cuts before the end of February 2026, according to a survey from Landbay.

The survey conducted in August also revealed that while ten in every eleven brokers (91%) told the specialist buy-to-let lender that they predicted at least one further cut, only one in eleven (9%) suggested there would be no more cuts from the Bank of England over the period.

One in eight of brokers polled (12%) said they expected three more cuts with four in every ten (40%) anticipating 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 the market analyst’s chief UK economist, Rob Wood, predicting just one additional cut in 2025, likely in November, due to persistent wage growth and sticky inflation.

Commenting on the latest projections Landbay sales and distribution director Rob Stanton said: “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.”

He added that while brokers clearly saw sustained economic support from the Bank of England, he wondered 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% on 7 August 2025, marking the fifth reduction since August 2024, when rates stood at a 16-year high of 5.25%.