Bank of Scotland Base Rate

What is the Bank of Scotland Base Rate?

Your mortgage may be on a tracker rate which is linked to the Bank of Scotland Base Rate. The Bank of Scotland Base Rate is a variable rate set by Bank of Scotland plc. Interest rates linked to the Bank of Scotland Base Rate will be adjusted within 30 days of a change to that rate.

If your mortgage is affected we will write to you to tell you about the change to your interest rate and monthly payment ahead of your monthly payment due date.

Bank of England Bank Rate - useful information

Following the Monetary Policy Committee meeting on 1 August 2024, the Bank of England has announced a change to the Bank Rate from 5.25% to 5%.

If your mortgage is affected by the rate change, we'll give notice and write to you to let you know your monthly payment before it is due.

Use our Rate Change Calculator to get an idea of how much your monthly mortgage payment might change, if it is affected.

 

Existing Halifax Mortgage Customers

If you are a Bank of Scotland customer with a Halifax mortgage you can find further details about how the Bank of England rate change affects you on the Halifax website.

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Mortgages existing customer support

Get support with switching, borrowing more or moving to a new home with your existing mortgage. 

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Mortgages existing customer support

Get support with switching, borrowing more or moving to a new home with your existing mortgage. 

View existing customer support