Interest Rate Reductions Following Bank of England Base Rate Changes on 18 December 2025

Following the Bank of England’s announcement that the Bank Base Rate (BBR) has reduced from 4.00% to 3.75% with effect from 18 December 2025, below is a summary of the actions we’re taking in response.

MORTGAGE ACCOUNTS

Standard Variable Rate (SVR) and Discounted Variable Rate Products

We will be reducing our SVR by 0.25% from 8.29% to 8.04% from 1 March 2025 benefitting customers on our SVR or a mortgage product directly linked to our SVR (e.g. a discounted variable rate product).

We will write to all affected customers advising them of the change of interest rate and the impact on their monthly mortgage payment.

Fixed Rate Mortgage Products

Customers with fixed rate mortgage products are unaffected by this rate change until their current fixed rate mortgage product comes to an end.

Bank of England Tracker Rate Mortgages

We decreased the interest rate on all BBR Tracker mortgage products by 0.25% on 22 December 2025, in line with the terms and conditions relating to BBR Tracker mortgage accounts.

Support for Mortgage Borrowers

If you are worried about making your mortgage payments, please speak to us as soon as possible so that we can find the right solution for you before your financial circumstances become more serious.

Further details on how we can help and how to contact us are available online at mansfieldbs.co.uk/worried-you-cant-make-your-mortgage-payments and you can call our Mortgage Customer Services team on 01623 676340.

SAVINGS ACCOUNTS

Bank of England Tracker Rate Savings Products

We decreased the interest rate on the following accounts by 0.25% from 4.00% to 3.75% on 22 December 2025, in line with the terms and conditions relating to these accounts:

• Postal Tracker (1st issue)
• eTracker 90 (1st issue)
• Tracker 90 (1st issue)

We also reduced the rate on our Double Access Tracker (1st issue) from 1.75% to 1.50% on 22 December 2025.

Other Variable Rate Savings Products

Our other variable rate current and closed issue accounts will see a rate reduction from 1 February 2026. Existing savers with affected accounts will be notified in writing ahead of the changes.

Fixed Rate Savings Products

Customers with fixed rate savings products are unaffected by the rate change until their current fixed rate savings product comes to an end.

For more information about our savings accounts, visit any of our branches, give us a call on 01623 676350 or visit our website at mansfieldbs.co.uk/savings.

Staying in touch

If you’re an existing member, it’s important that we have your current email address so we can send you details of our latest rates and keep you informed of future changes and other important information quickly.

If we don’t hold your email address or you haven’t given us permission to email you, you can update your details at any of our branches, over the phone, or online by visiting our contact page and selecting ‘Update Marketing Preferences’ in the enquiry type.