Base Rate

Interest rates on fixed mortgage deals have been edging down over the past few weeks with some five and 10-year fixes now below 5%. Mortgage brokers have told MoneySavingExpert.com that further cuts are possible in the short term after the base rate was held at 5.25% this month, following 14 consecutive rises.

The Bank of England has increased the base rate from 5% to 5.25% – its highest level in over 15 years. This rate is used by the central bank to charge other banks and lenders when they borrow money – and so it influences what borrowers pay and what savers earn.

The Bank of England has increased the base rate from 4.5% to 5% – taking it to its highest level since the 2008 financial crisis. This rate is used by the central bank to charge other banks and lenders when they borrow money – and so it influences what borrowers pay and what savers earn.

The Bank of England has increased the base rate from 4.25% to 4.5% taking it to its highest level since 2008. This rate is used by the central bank to charge other banks and lenders when they borrow money – and so it influences what borrowers pay and what savers earn.

Lenders are still cutting interest rates on fixed mortgages despite the base rate continuing to rise. It means a significant gap has opened between the best fixes and variable deals. To help navigate the market, we've spoken to mortgage brokers and analysed what's going on to help you figure out what you should do.

The Bank of England has increased the base rate from 4% to 4.25%. This rate is used by the central bank to charge other banks and lenders when they borrow money – and so it influences what borrowers pay and what savers earn.

The Bank of England has increased the base rate from 3.5% to 4%. This rate is used by the central bank to charge other banks and lenders when they borrow money – and so it influences what borrowers pay and what savers earn.

The Bank of England has increased the base rate from 3% to 3.5%. This rate is used by the central bank to charge other banks and lenders when they borrow money – and so it influences what borrowers pay and what savers earn.

Family Building Society has unveiled a two-year fixed savings account that tracks the base rate. The launch comes as the market braces for further interest rate rises from the Bank of England as the central bank attempts to curb rising inflation. 

The Bank of England has increased the base rate from 2.25% to 3% – the largest single rise since 1989. This rate is used by the central bank to charge other banks and lenders when they borrow money – and so it influences what borrowers pay and what savers earn.