Bank of England base rate decrease
The Bank of England cut the base rate of interest by 0.25% to a rate of 4.00% on 7 August 2025.
What this means for your clients
- Bank of England tracker mortgage rates will decrease automatically in line with their terms and conditions.
- All fixed rate mortgages remain unchanged.
- Our Standard Variable Rate and Buy to Let Variable Rate will remain at 7.74% and 8.04% respectively. Any product rate currently offering a discount to SVR will remain unchanged.
If your client’s mortgage is affected, we’ll write to them and confirm the change to their interest rate and their new monthly payment amount.