Mortgage SVR, FoR and Tracker rate changes

On 17 March 2022 the Bank of England base rate increased from 0.50% to 0.75%.

• Our Standard Variable Rate will increase by 0.25% to 4.99% 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 4.00% (3.25% above Bank of England base rate) with effect from 01 April.  Jersey tracker rate mortgages will also automatically increase on 01 April 2022.
• Isle of Man mortgages Follow on Rate will increase by 0.25% to 4.00% (3.25% above Bank of England base rate) with effect from 03 April and Isle of Man tracker rate mortgages will also automatically increase on 03 April 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.