Mortgage SVR, FoR and tracker rate changes

On 05 May 2022 the Bank of England base rate increased from 0.75% to 1.00%.

• Our Standard Variable Rate will increase by 0.25% to 5.24% and we will contact customers on this rate to give them thirty days notice in line with their mortgage terms and conditions.
• Jersey mortgages Follow on Rate will increase by 0.25% to 4.25% (3.25% above Bank of England base rate) with effect from 01 June.  Jersey tracker rate mortgages will also automatically increase on 01 June 2022.
• Isle of Man mortgages Follow on Rate will increase by 0.25% to 4.25% (3.25% above Bank of England base rate) with effect from 03 June and Isle of Man tracker rate mortgages will also automatically increase on 03 June 2022.

If you have a fixed rate mortgage then there is no change to your mortgage rate if you are still in the initial period where your rate is fixed.