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My Brolly

We have started to roll out our customer portal called My Brolly and you can access it using the button above.

 

This allows you to report repairs, manage your payments, and raise a general query on top of other useful features.

 

You will be sent an email with your login details when we are ready to sign you up. Until you have this, unfortunately you won’t have access to My Brolly.

 

We hope to provide access to most customers soon.

August’s interest rate cuts: what does this mean for Shared Ownership?

Lifestyle

August’s interest rate cuts: what does this mean for Shared Ownership?

23 September 2025

At the start of August, the Bank of England cut interest rates from 4.25% to 4%, which is the lowest rate since March 2023. It has been suggestedthat further interest rate cuts could happen before the end of the year, but inflation and economic data mean this isn’t a certainty. 

What does a reduction in interest rates mean for Shared Ownership? 

The Bank of England’s interest rate cut affects the homebuying market across the board but, for Shared Ownership buyers, these cuts could make the option even more attractive than it already is. 

The Bank of England’s interest rate is what the central bank charges other banks to borrow money and therefore has a direct impact on mortgage rates – if this reduces, banks providing Shared Ownership mortgages can then charge a lower interest rate for their mortgage products.

The potential impact for Shared Ownership buyers includes: 

  • Lower mortgage costs: Shared Ownership mortgages are already cheaper than most home mortgages, because you’re only borrowing against the shares that you don’t own. With the interest rate cuts, these could become even more affordable for buyers.
  • More power for buyers: Lower interest rates could mean that you’ll be able to buy a larger share of your home than anticipated. This could lower your loan-to-value (LTV) ratio, opening you up to more mortgage options than previously thought. 
  • Increased competition: While an interest rate cut could drive down mortgage costs, this might inspire more buyers to enter the market. That means if you find a Shared Ownership property you like, you’ll need to act fast to get ahead of other buyers. 

How much could mortgage payments be reduced by? 

The exact amount that mortgage payments could reduce by depends on a wide range of factors, such as the type of mortgage you’re on, the value of the mortgage, and what kind of property you have a mortgage for. 

However, according to Moneyfacts, repayments on a standard variable rate mortgage worth £250,000 over 25 years will drop by £40 a month. This extra cash could go into your savings, or help you buy new furniture to make your new house a home.

Don’t delay – get on the property ladder sooner with Shared Ownership     

If you’d like to take advantage of falling interest rates, you can browse our Shared Ownership homes or get in touch with our friendly team to find your dream home today.