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How could a change to the Bank of England Base Rate affect my mortgage repayments?

The impact of any change will be different for each customer and will depend on the type of product you have, the amount of borrowing and length of term. For example:

  • If you have a fixed rate product, you will see no change
  • If you have a tracker product, you may see an increase in your payments in line with your terms
  • If you are on standard variable rate, you may see an increase in your payments, as our standard variable rate can change at any time, including when the base rate changes

Please note that if you have a tracker product or are on our standard variable rate we will write to you if your payments are going to change. 

Start by checking what type of mortgage you have to see if it may be impacted by a rate change, then use our Rate Change Calculator in order to estimate your future repayments.

Visit understanding mortgage interest rates for more information.

Your home may be repossessed if you do not keep up repayments on your mortgage