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 you

Our savings rates

Our mortgage rates:

    • 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 mortgage payment is changing, we’ll write to you to confirm the change to your interest rate and your new monthly payment amount.

If you’re not sure what deal you’re on, or when it ends, you can find this information on your annual mortgage statement.

If you’re worried about making your mortgage payments, we can help.