understanding financial jargon
The Bank of England (BoE) Base rate is the national 'cost of borrowing' interest rate set and reviewed by the Bank of England. A lenders Base rate is the lenders interest rate upon which their product lending rates are based. Most lenders Base rates are higher than the BoE Base rate by around 2%.
What to do if you need more help
If you need more help with your specific commercial loan, mortgage or insurance requirement please speak to a professional financial adviser.
We hope you found this information useful.
Copyright © Steve Gears Associates. All rights reserved. No portion of this site may be reproduced without written permission. All Trademarks are freely acknowledged.The information on this site is based on UK data unless otherwise indicated. Non-UK visitors should check with experts within their own legal jurisdiction before relying on information presented here.