The Bank of England announced on Thursday 2 August 2018, that it was increasing its Base Rate from 0.50% to 0.75%. The Bank of England Base Rate is one of many factors which impact the interest rates we set on both our mortgage and savings accounts. We are currently considering how this rate change will impact our variable rate mortgage and savings account customers. Mortgages linked to Bank Base Rate (Tracker Mortgages) will see their rates increase in line with their contractual terms. We will release more information soon.