BoE Base rate change | Bank of England Base Rate | Accord Mortgages
Bank of England Base Rate decrease
The Bank of England (BOE) decreased the base rate from 4.50% to 4.25% on 8 May 2025.
Good news for tracker mortgages
We'll be reducing the rate on our tracker mortgages by 0.25% on 8 June 2025. We'll write to your client if they're affected.
Tracker mortgage payments won't change until March 2026, unless customers contact us
If your customers want their payments to be recalculated sooner, they can request a payment recalculation online. Standard Variable Rate (SVR) mortgages
We're reducing our SVR from 7.49% to 7.24% on 15 June. We'll write to you if you're affected.
Fixed rate mortgages
There is no change to fixed rate mortgages.
General FAQs
The previous base rate change was 6 February 2025 when it decreased from 4.75% to 4.50%.
We'd review the impact of any further base rate changes along with the market and other economic factors at the time. It may impact our mortgage interest rates.
The Bank of England’s Monetary Policy Committee regularly reviews the base rate (normally monthly) to determine whether a change is needed.
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