The Bank of England reduced base rate by 0.50% to 0.25% on March 11th, and then made a further reduction to 0.10% on the 19th.
Here's our rundown of how lenders are reacting to these cuts, so you can see whether yours has reduced its Standard Variable Rate. We're keeping a close eye on developments and will update this page as we hear of any changes. We've also shown how they reacted to the previous base rate increase in August 2018.
Remember that if you are currently paying your lender's SVR, the chances are you could substantially reduce your monthly mortgage costs by switching to a cheaper deal. Review your rate and check our best buys to see if you can find a better mortgage. Our expert advisers are on hand if you want to talk through the options available to you.
Lender
August 2018 Change
Current SVR
11 March Change
New SVR
19 March change
Newest SVR
Accord
No change
4.99
-0.50
4.49
Aldermore
0.25
5.23
-0.65
4.58
Bank of Ireland
0.25
4.74
-0.50
4.24
-0.15
4.09
Barclays
0.25
5.24
-0.50
4.74
Bath BS
0.15
5.44
-0.54
4.90
Beverley
0.24
4.99
BM Solutions
0.25
5.09
-0.50
4.59
-0.15
4.44
Buckinghamshire
No change
5.24
-0.50
4.74
Cambridge
0.25
5.24
-0.35
4.89
Chelsea
