Bank of England Base Rate change
The Bank of England (BOE) increased the base rate from 3.75% to 4.00% on 5 November 2026.
Savings
Variable rate savings accounts
We're currently reviewing the interest rates on our variable savings accounts.
Fixed rate savings accounts
Mortgages
Tracker mortgages
Tracker mortgage interest rates for existing customers will increase on 29 November 2026.
We'll write to you if you are affected.
Tracker mortgage payments won't change until March 2027, unless you contact us.
To reduce the impact of the increased interest on your mortgage balance, you can increase your mortgage payments sooner by requesting a payment recalculation online.
- If we don't hear from you, you'll be charged a higher rate of interest from 29 November 2026 but we won't increase your repayments.
- As you'd be paying back less interest than you're being charged, this will increase the amount you owe and could make a considerable difference to your mortgage payments from March 2027.
If you want to contact us, please call us on 0808 156 1158*. Our lines can become very busy during rate change periods.
If you're worried about paying your mortgage now or in the future, find out how we can help.
Standard Variable Rate (SVR) mortgages
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
Not sure which mortgage you have?
We reduced our SVR from 7.24% to 6.99% on 21 September 2025. We wrote to you if you were affected.
If you're worried about paying your mortgage now or in the future, find out how we can help.