BoE Base rate change | Existing customers | 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 you if you're affected.
Tracker mortgage payments won't change until March 2026, unless you contact us
If you want your payments to be recalculated sooner, you can request a payment recalculation online.
If you're worried about paying your mortgage now or in the future, find out how we can help.
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.
If you're worried about paying your mortgage now or in the future, find out how we can help.
Fixed rate mortgages
There is no change to fixed rate mortgages.
Not sure which mortgage you have?
You can find out your mortgage type by checking your most recent annual statement or mortgage offer.
General FAQs
The Bank of England’s Monetary Policy Committee regularly reviews the base rate (normally monthly) to determine whether a change is needed.