Bank of England base rate
Follow-on Rate FoR Santanders Follow on Rate FoR will be 400 from the beginning of April Bank of England base rate plus 325. Bank Rate is the single most important interest rate in the UK.
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Our Monetary Policy Committee MPC sets Bank Rate.
. In the news its sometimes called the Bank of England base rate or even just the interest rate. Santanders FoR is a variable rate that all mortgage deals taken on or after 23 January 2018 will automatically transfer to.
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