Bank of England Base rate - useful information

    On Thursday 19th March a further decrease in the Bank of England base rate was announced, moving it from 0.25% down to a record low of 0.1%. This follows the previous reduction announced on Wednesday 11th March.

    As a result, our variable rates will be changed in-line with these decreases.


    With effect from 1 April 2020:

    • Halifax Homeowner Variable Rate will reduce from 4.24% down to 3.74%
    • Halifax Standard Variable Rate will reduce from 4.24% down to 3.74%

    With effect from 1 May 2020:

    • Halifax Homeowner Variable Rate will further decrease to 3.59%
    • Halifax Standard Variable Rate will further decrease to 3.59%

    If your mortgage is affected by either or both of these changes, we’ll write to you and confirm your new monthly payment before it is due.

    Use our Rate Change Calculator to get an idea of how much a monthly mortgage payment might change by.

    Rate change calculator

    Find out more about the Bank of England base rate and your mortgage