Bank of England base rate and your mortgage

The current Bank of England base rate is 3.75% as of 18th December 2025. The next review is scheduled for 5th February 2026. The Bank of England (BoE) sets a base rate to charge other lenders when they borrow money. Changes to the base rate influences the rate lenders are able to offer for mortgages and loans to their customers.

There is no need to call us, we'll write to you if there are any changes to your payments. All banks and lenders offering types of credit will usually be affected by changes to the base rate. Visit the Bank of England website to find out more and get the latest updates about changes to the base rate.

If you are an existing NatWest customer, you can find information on your current interest rate and any end dates by logging into Manage your Mortgage. You can also:

• Switch to a new fixed rate deal
• Work out any early repayment charges
• Make overpayments on your mortgage
• Extend or reduce mortgage term

The Bank of England is the central bank of the United Kingdom and their job is to ensure a stable and strong economy. They set their own base rate which in turn influences the rate lenders are able to offer for products like mortgages. Changes in the Bank of England Base Rate are one of the main reasons we change our National Westminster Bank Plc Base Rate, but it is not the only reason. We have full control over our own base rate and this could go up or down regardless of what happens to the Bank of England base rate. Find out more about the Bank of England and what they do.

If you are worried about mortgage affordability or are currently struggling to keep up with payments, we may be able to help. Please get in touch with us as soon as possible so we can discuss your options. We have included ways to get in touch below, but you can find more information on the support available in our mortgage charter.

If your current mortgage deal is ending then you might be considering a new deal with your current lender or a new lender. You might be thinking about borrowing more money, releasing equity or changing the number of years remaining on your mortgage. For more information on why you might remortgage, you can view our detailed remortgaging guide.

If you are currently on a fixed rate mortgage deal, there might be restrictions on the amount you can overpay each year. If you exceed this amount you might incur an Early Repayment Charge so it is worth referring to your mortgage terms. If you are on our Standard Variable Rate then there might not be any restrictions. Find out how overpaying on your mortgage might affect your payments with our calculator.