TMA has launched a Base Rate Hub for its advisers, providing updates on the club’s lender panel and news relating to the recent base rate change.

In order to ensure TMA advisers are kept fully informed of the Bank Rate changes and what this might mean for clients, TMA has introduced the Hub as both a knowledge sharing and education resource.

Lisa Martin, group development director at TMA, said: “The most affected customers will be those households with a variable rate mortgage. Of the 8.1 million households with a mortgage, 3.7 million or 46% are on either a standard variable rate or a tracker.

“We want to help advisers contact clients who may want to review their current mortgage, to ensure all customers receive the world-class advice they may need in light of these changes.

“At TMA, we believe in making life easier and want to be a broker’s first point of call, no matter how complex the mortgage query may be. That’s why we have launched a new hub where brokers can find all the latest updates following the BoE base rate increase.”