Bank of England base rate decrease

The Bank of England decreased the base rate by 0.25% to a rate of 4.75% on 7 November 2024.

Following the latest decrease in Bank of England base rate, we can confirm the following:

Mortgage rates:

• Bank of England tracker mortgage rates have reduced automatically in accordance with their terms and conditions and all fixed rate mortgages remain unchanged.
• Our Standard Variable Rate and Buy to Let Variable Rate will remain at 8.24% and 8.54% 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.