Mortgage SVR, FoR, Tracker rate change

On 05 November 2026 the Bank of England base rate increased from 3.75% to 4.00%.

·         The tracker rates for existing mortgages will automatically increase on 10 November 2026

·         The Follow on Rate (FoR) and Standard Variable Rate (SVR) will increase by 0.25% to 7.25% (3.25% above Bank of England base rate) with effect from 10 November 2026

If you have a fixed rate mortgage then there is no change to your mortgage rate if you are still in the initial period where your rate is fixed.