Bank of England base rate change
The Bank of England decreased the base rate to 4.50% on Thursday 6 February 2025.
Our mortgages rates
Following the announcement, we're decreasing:
- Base Rate Tracker mortgages by 0.25% in line with the base rate decrease. The new rate will be effective from 1 March 2025.
- Flexx for Term, Standard Variable Rate (SVR) and Privilege rate will decrease by 0.15% effective from 1 March 2025.
If your payment is changing, we will write out to you confirming the change of interest rate and new monthly payment amount. All letters will be sent ensuring we provide a minimum of five working days notice of any payment changes.
If you're worried about paying your mortgage, we're here to help you get back in control of your finances. Getting in touch won't impact your credit score and we've got a range of tools to help you get back on track with your finances. See how we can help.
Our mortgages rates
Following the announcement, we decreased:
- Base Rate Tracker mortgages by 0.25% in line with the base rate decrease. The new rate was effective from 1 March 2025.
- Flexx for Term, Standard Variable Rate (SVR) and Privilege rate decreased by 0.15% effective on 1 March 2025.
We wrote to you at least five working days (excluding bank holidays) before your Direct Debit was taken.
If you're worried about paying your mortgage, we're here to help you get back in control of your finances. Getting in touch won't impact your credit score and we've got a range of tools to help you get back on track with your finances. See how we can help.
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