Our SVR is currently under review. We'll update our website if the interest rate changes and write to you if you're affected.
Fixed rate mortgages
There is no change to fixed rate mortgages.
Not sure which mortgage you have?
You can find out your mortgage type by checking your most recent annual statement or mortgage offer.
What is the Bank of England (BoE) base rate?
The BoE base rate is the rate of interest the Bank of England charges banks and building societies to borrow money. This affects the interest rates set by those banks and building societies for their customers. Any change to the base rate, may impact the interest rates on savings and mortgages.
Why does the base rate change?
The Bank of England’s Monetary Policy Committee (MPC) changes the base rate. It's part of the action they take to keep inflation low and stable.
What was the previous Bank of England rate change?
The previous base rate change was from 4.50% to 5.00% on 22 June 2023.
What happens if the base rate changes again in the future?
We'd review the impact of any further base rate changes along with the market and other economic factors at the time. It may impact the interest rates we provide on our savings and mortgages.
When could the base rate change again in the future?
The Bank of England’s Monetary Policy Committee regularly reviews the base rate (normally monthly) to decide whether a change is needed.