Home – Help & Support – Bank of England Base Rate

Bank of England Base Rate

What has changed?

On Thursday, 5 November 2026, the Bank of England increased the base rate by 0.25% to 4.00%.

Our approach

As a mutual building society, we’re committed to balancing the needs of all our members. When making rate decisions, we consider the impact on mortgage borrowers, providing fair value to savers, and maintaining the long-term financial strength of the Society.

How does this affect you?

Savings

We are increasing rates across our savings range for both individuals and organisations, with each change carefully considered and reflecting the features and existing competitiveness of individual accounts. These changes will take effect from 4 December 2026.

You can view our current rates below. Our new rates will be published here as soon as they are available.

Our savings rates

Mortgages

Mortgages rates that track the Bank Base Rate will increase by 0.25% on 3 December 2026.

We’ve limited the increase to our Homeowner and Landlord Variable Rates to 0.10%, with this change also taking effect from 3 December 2026. This helps reduce the impact on monthly repayments for many mortgage customers.

If your mortgage account is affected by these changes, we’ll write to you to confirm your new interest rate and monthly payment.

Get in touch

If you have any questions, please contact us by calling 01455 894 060. Our phone lines are open Monday – Friday 9am to 5pm, and Saturdays 9am to 12pm. Please note, we are closed on Sundays and bank holidays.

Help & Support