Bank of England Base Rate

Posted in General on 3rd November 2022 by Jackson Stapleton

The 0.75 percentage points increase from 2.25% to 3% means a £73.49 monthly rise for the average tracker mortgage, and £46.22 for the average standard variable rate (SVR) mortgage.
Since December, when the base rate was 0.1%, the average monthly mortgage payment has increased £284.17 for the average tracker, and £178.70 for the average SVR.