Bank of England base rate decrease

The Bank of England cut the base rate of interest by 0.25% to a rate of 3.75% on 18 December 2025.

What this means for you

Our savings rates:

• We’re currently looking at how the change to Bank of England base rate will affect our variable savings rates – we’ll let you know about any changes as soon as we can.
• All fixed rate savings remain unchanged.

Our mortgage rates:

• Bank of England tracker mortgage rates will decrease automatically in line with their terms and conditions.
• We’re currently looking at how the changes to Bank of England base rate will affect our variable mortgage rates.
• All fixed rate mortgages 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.