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Base Rate

Here’s everything you should know about the Bank of England Base Rate, how it affects you and what to do when it changes.

What is the Bank of England Base Rate?

This is the interest rate the Bank of England charges on money lent to financial institutions – like us. The Bank of England’s Monetary Policy Committee generally meets once a month and reviews this rate.

Frequently Asked Questions

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.