BoE Base rate change | Bank of England Base Rate | Accord Mortgages
Bank of England Base Rate change
The Bank of England (BOE) decreased the base rate from 4.25% to 4.00% on 7 August 2025.
Good news for Tracker mortgages
We'll be reducing the rate on our tracker mortgages by 0.25% on 14 September 2025. We'll write to customers if they're affected.
Tracker mortgage payments won't change until March 2026, unless customers contact us.
If customers want their payments to be recalculated based on the new rate, they can request a payment recalculation online.
Standard Variable Rate (SVR) mortgages
Our SVR is currently under review. We'll update our website if the interest rate changes and write to customers if they're affected.
Fixed rate mortgages
There is no change to fixed rate mortgages.
General FAQs
The previous base rate change was 8 May 2025 when it decreased from 4.50% to 4.25%.
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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