Bank of England Base Rate

Equity Release Brokers > News and Updates > Bank of England Base Rate

It’s all panic in the mortgage market!  Rates keep going up and that will negatively affect property values.

The Bank of England base rate was at 0.1% in February 2009 and has now jumped to 3%.  The Bank of England predicted this increase in 2022 and it is mooted that the base rate will go to 5% in 2023.

If you look back at the base rate in November 1979, it was at 17% That’s the highest it has ever been since records began in 1694!

The cost of living is going up all the time and with inflation at more than 10%, this means your spending power is decreasing all the time.

Some people are worried about heating their home, running their car, even the cost of food is an issue with prices going up all the time.

The obvious solution is equity release via a lifetime mortgage.

There are lenders that provide a tax-free lump sum for you to do with as you see fit, or you can have a drawdown and take an annual cash sum.  There is very little paperwork, no income or affordability assessment.  Apart from the small solicitor fee there are no other costs or fees to worry about.

Contact Equity Release Brokers Limited to see how we can help.

 

MonthBase RateChange
03 Nov 20223.00%0.75
22 Sep 20222.25%0.50
04 Aug 20221.75%0.50
16 Jun 20221.25%0.25
05 May 20221.00%0.25
17 Mar 20220.75%0.25
03 Feb 20220.50%0.25
16 Dec 20210.25%0.15
19 Mar 20200.10%0.15
11 Mar 20200.25%0.50
02 Aug 20180.75%0.25
02 Nov 20170.50%0.25
04 Aug 20160.25%0.25
05 Mar 20090.50%0.50
05 Feb 20091.00%0.50
08 Jan 20091.50%0.50
04 Dec 20082.00%1.00
06 Nov 20083.00%1.50
08 Oct 20084.50%0.50
10 Apr 20085.00%0.25
07 Feb 20085.25%0.25
06 Dec 20075.50%0.25
05 Jul 20075.75%0.25
10 May 20075.50%0.25
11 Jan 20075.25%0.25
09 Nov 20065.00%0.25
03 Aug 20064.75%0.25
04 Aug 20054.50%0.25
05 Aug 20044.75%0.25
10 Jun 20044.50%0.25
06 May 20044.25%0.25
05 Feb 20044.00%0.25
06 Nov 20033.75%0.25
10 Jul 20033.50%0.25
06 Feb 20033.75%0.25
08 Nov 20014.00%0.50
04 Oct 20014.50%0.25
18 Sep 20014.75%0.25
02 Aug 20015.00%0.25
10 May 20015.25%0.25
05 Apr 20015.50%0.25
08 Feb 20015.75%0.25
10 Feb 20006.00%0.25
13 Jan 20005.75%0.25
04 Nov 19995.50%0.25
08 Sep 19995.25%0.25
10 Jun 19995.00%0.25
08 Apr 19995.25%0.25
04 Feb 19995.50%0.50
07 Jan 19996.00%0.25
10 Dec 19986.25%0.50
05 Nov 19986.75%0.50
08 Oct 19987.25%0.25
04 Jun 19987.50%0.25
06 Nov 19977.25%0.25
07 Aug 19977.00%0.25
10 Jul 19976.75%0.25
06 Jun 19976.50%0.25
06 May 19976.25%0.31
30 Oct 19965.94%0.25
06 Jun 19965.69%0.25
08 Mar 19965.94%0.19
18 Jan 19966.13%0.25
13 Dec 19956.38%0.25
02 Feb 19956.63%0.50
07 Dec 19946.13%0.50
12 Sep 19945.63%0.50
08 Feb 19945.13%0.25
23 Nov 19935.38%0.50
26 Jan 19935.88%1.00
13 Nov 19926.88%1.00
16 Oct 19927.88%1.00
22 Sep 19928.88%1.00
05 May 19929.88%0.50
04 Sep 199110.38%0.50
12 Jul 199110.88%0.50
24 May 199111.38%0.50
12 Apr 199111.88%0.50
22 Mar 199112.38%0.50
27 Feb 199112.88%0.50
13 Feb 199113.38%0.50
08 Oct 199013.88%1.00
06 Oct 198914.88%1.13
08 Sep 198913.75%0.13
04 Sep 198913.88%0.04
31 Aug 198913.84%0.09
25 May 198913.75%0.87
25 Nov 198812.88%1.00
25 Aug 198811.88%1.00
08 Aug 198810.88%0.50
21 Jul 198810.38%0.50
07 Jul 19889.88%1.00
24 Jun 19888.88%0.50
10 Jun 19888.38%0.50
03 Jun 19887.88%0.50
17 May 19887.38%0.50
08 Apr 19887.88%0.50
17 Mar 19888.38%0.50
01 Feb 19888.88%0.50
03 Dec 19878.38%0.50
04 Nov 19878.88%0.50
23 Oct 19879.38%0.50
06 Aug 19879.88%1.00
08 May 19878.88%0.50
28 Apr 19879.38%0.50
18 Mar 19879.88%0.50
09 Mar 198710.38%0.50
15 Oct 198610.88%1.00
23 May 19869.88%0.50
18 Apr 198610.38%0.50
11 Apr 198610.88%0.50
19 Mar 198611.38%1.00
15 Jan 198612.38%1.00
26 Jul 198511.38%0.50
11 Jul 198511.88%0.50
19 Apr 198512.38%0.50
28 Mar 198512.88%0.50
20 Mar 198513.38%0.50
28 Jan 198513.88%2.00
14 Jan 198511.88%2.38
23 Nov 19849.50%0.25
19 Nov 19849.75%0.25
05 Nov 198410.00%0.50
17 Aug 198410.50%0.25
16 Aug 198410.75%0.25
09 Aug 198411.00%0.50
08 Aug 198411.50%0.50
11 Jul 198412.00%2.00
06 Jul 198410.00%1.12
29 Jun 19848.88%0.18
10 May 19849.06%0.50
14 Mar 19848.56%0.25
07 Mar 19848.81%0.25
03 Oct 19839.06%0.50
10 Aug 19839.56%0.12
09 Aug 19839.44%0.12
14 Jun 19839.56%0.25
13 Jun 19839.81%0.25
14 Apr 198310.06%0.25
13 Apr 198310.31%0.25
15 Mar 198310.56%0.44
12 Jan 198311.00%1.00
26 Nov 198210.00%0.87
02 Nov 19829.13%0.25
01 Nov 19829.38%0.25
12 Oct 19829.63%0.50
30 Sep 198210.13%0.12
29 Sep 198210.25%0.13
28 Sep 198210.38%0.12
27 Sep 198210.50%0.13
27 Aug 198210.63%0.25
26 Aug 198210.88%0.12
25 Aug 198211.00%0.13
24 Aug 198211.13%0.12
17 Aug 198211.25%0.13
16 Aug 198211.38%0.12
04 Aug 198211.50%0.06
02 Aug 198211.56%0.07
30 Jul 198211.63%0.12
29 Jul 198211.75%0.06
28 Jul 198211.81%0.13
26 Jul 198211.94%0.12
21 Jul 198212.06%0.07
13 Jul 198212.13%0.12
12 Jul 198212.25%0.25
09 Jul 198212.50%0.13
08 Jun 198212.63%0.50
20 Apr 198213.13%0.13
19 Apr 198213.00%0.13
16 Apr 198213.13%0.12
10 Mar 198213.25%0.38
25 Feb 198213.63%0.18
22 Feb 198213.81%0.07
22 Jan 198213.88%0.12
21 Jan 198214.00%0.13
20 Jan 198214.13%0.12
19 Jan 198214.25%0.06
18 Jan 198214.31%0.07
04 Dec 198114.38%0.18
25 Nov 198114.56%0.07
09 Nov 198114.63%0.43
06 Nov 198115.06%0.07
28 Oct 198115.13%0.13
12 Oct 198115.00%1.00
15 Sep 198114.00%1.31
25 Aug 198112.69%0.69
11 Mar 198112.00%2.00
25 Nov 198014.00%2.00
03 Jul 198016.00%1.00
15 Nov 197917.00%3.00
13 Jun 197914.00%2.00
05 Apr 197912.00%1.00
01 Mar 197913.00%1.00
08 Feb 197914.00%1.50
09 Nov 197812.50%2.50
08 Jun 197810.00%1.00
15 May 19789.00%0.25
08 May 19788.75%1.25
12 Apr 19787.50%1.00
09 Jan 19786.50%0.50
28 Nov 19777.00%2.00
17 Oct 19775.00%0.50
10 Oct 19775.50%0.50
19 Sep 19776.00%0.50
12 Sep 19776.50%0.50
15 Aug 19777.00%0.50
08 Aug 19777.50%0.50
16 May 19778.00%0.25
02 May 19778.25%0.50
25 Apr 19778.75%0.25
18 Apr 19779.00%0.25
12 Apr 19779.25%0.25
31 Mar 19779.50%1.00
21 Mar 197710.50%0.50
10 Mar 197711.00%1.00
03 Feb 197712.00%0.25
31 Jan 197712.25%1.00
24 Jan 197713.25%0.75
10 Jan 197714.00%0.25
29 Dec 197614.25%0.25
20 Dec 197614.50%0.25
22 Nov 197614.75%0.25
07 Oct 197615.00%2.00
13 Sep 197613.00%1.50
24 May 197611.50%1.00
26 Apr 197610.50%1.50
08 Mar 19769.00%0.25
01 Mar 19769.25%0.25
09 Feb 19769.50%0.50
02 Feb 197610.00%0.50
26 Jan 197610.50%0.25
19 Jan 197610.75%0.25
05 Jan 197611.00%0.25
29 Dec 197511.25%0.25
01 Dec 197511.50%0.25
17 Nov 197511.75%0.25
06 Oct 197512.00%1.00
28 Jul 197511.00%1.00
05 May 197510.00%0.25
21 Apr 19759.75%0.25
24 Mar 197510.00%0.25
10 Mar 197510.25%0.25
17 Feb 197510.50%0.25
10 Feb 197510.75%0.25
27 Jan 197511.00%0.25
20 Jan 197511.25%0.00

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