Bank of England Base Rate Change - FAQs for mortgage customers

What is the Bank of England Base Rate?

This is the official interest rate set by the Bank of England’s Monetary Policy Committee.

What change has the Bank of England made?

It has increased the base rate from 5.00% to 5.25%.

I have a product linked to the Bank of England base rate, how will this affect my mortgage?

If you have a mortgage product that is linked to the Bank of England Base rate, then your monthly payments will change. We will confirm the changes in writing to you shortly.

Have there been any other changes made to my mortgage Terms and Conditions?

No, your mortgage Terms and Conditions remain the same.