Over half (52%) of mortgage brokers expect at least two more cuts to the Bank of England (BoE) base rate before the end of February 2026, Landbay has revealed.

In its latest survey, the specialist buy-to-let lender asked brokers how many interest rate cuts they think there will be by the end of February next year.

Over nine in 10 (91%) expected at least one cut in this period, while 40% predicted at least two cuts by the end of February and a further 12% of brokers expected three more cuts in this period.

Landbay said that broker optimism had comes against a backdrop of "evolving economic conditions", after the BoE cut the base rate by 0.25% to 4% earlier this month, marking the fifth reduction since August 2024.

Sales and distribution director at Landbay, Rob Stanton, said that its latest research shows that mortgage brokers are "overwhelmingly optimistic" about future rate cuts.

He commented: "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 BoE, I wonder if two cuts before the end of the year might look like wishful thinking following the July inflation figures. Either way, Landbay is committed to helping our broker partners navigate this evolving landscape."

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