Interest - Base Rate
Leases often contain provision for interest to be payable on late rent(s) and any back rent following an increase at rent review. Generally, the provision is Base + or - a specified percentage, and sometimes subject to a minimum total percentage. Base Rate is also useful when considering investment yields.
MLR Base Rates since 1989: to view the rates, please click a year.
MLR Base Rates since 1989: to view the rates, please click a year.
- b/f 13.00%
- May 24 - 14.00%
- October 5 - 15.00%
- October 8 - 14.00%
- February 13 - 13.50%
- February 21 - 13.00%
- March 22 - 12.50%
- April 12 - 12.00%
- May 24 - 11.50%
- July 12 - 11.00%
- September 4 - 10.50%
- May 5 - 10%
- ERM 15%
- September 16 - 12.00%
- September 17 - 10.00%
- September 22 - 9.00%
- October 16 - 8.00%
- November 13 - 7.00%
- January 26 - 6.00%
- November 23 - 5.50%
- February 8 - 5.25%
- September 12 - 5.75%
- December 7 - 6.25%
- February 2 - 6.75%
- December 13 - 6.50%
- January 18 - 6.25%
- March 8 - 6.00%
- June 6 - 5.75%
- October 30 - 6.00%
- May 6 - 6.25%
- June 6 - 6.50%
- July 10 - 6.75%
- August 7 - 7.00%
- November 1997 - 7.25%
- June 4 - 7.50%
- October 8 - 7.25%
- November 5 - 6.75%
- December 10 - 6.25%
- January 7 - 6.00%
- February 4 - 5.50%
- April 8 - 5.25%
- June 10 - 5.00%
- September 8 - 5.25%
- November 4 - 5.50%
- January 13 - 5.75%
- February 10 - 6.00%
- February 8 - 5.75%
- April 5 - 5.50%
- May 10 - 5.25%
- August 2 - 5.00%
- September 18 - 4.75%
- October 4 - 4.50%
- November 8 - 4.00%
- No change
- February 8 - 3.75%
- July 10 - 3.50%
- November 6 - 3.75%
- February 5 - 4.00%
- May 6 - 4.25%
- June 10 - 4.50%
- August 5 - 4.75%
- August 4 - 4.50%
- August 3 - 4.75%
- November 9 - 5.00%
- January 11 - 5.25%
- May 10 - 5.50%
- July 5 - 5.75%
- December 6 - 5.50%
- February 7 - 5.25%
- April 10 - 5.00%
- October 8 - 4.50%
- November 6 - 3.00%
- December 4 - 2.00%
- January 8 - 1.50%
- February 5 - 1.00%
- March 5 - 0.5%
- 0.5% no change all year (0.5% since 5 March, 2009)
- 0.5% no change all year (0.5% since 5 March, 2009)
- No change all year (0.5% since 5 March, 2009)
- No change all year (0.5% since 5 March, 2009)
- No change all year - (0.5% since 5 March 2009)
- 2015-10-23 - No change to date - (0.5% since 5 March 2009)