Fixed mortgage
If your client is on a fixed rate mortgage, nothing will change as a result of the base rate change.
The interest rate and monthly payments stay the same until the end of the fixed deal.
Bank of England base rate changes
On Thursday 5 November 2026, the Bank of England announced an increase in its base rate from 3.75% to 4%.
Tracker mortgage
From 1 December 2026, we'll be increasing our tracker mortgage interest rates to reflect the base rate change.
We'll write to your client with their new interest rate and monthly payment, which they'll start paying from December 2026 on their usual payment date.
SMR and BMR
From 1 December 2026 we'll be increasing our Standard Mortgage Rate (SMR) and Base Mortgage Rate (BMR) to reflect the base rate change.
We'll write to your client with their new interest rate and monthly payment, which they'll start paying from December 2026 on their usual payment date.