Mortgage SVR, FoR and tracker rate changes

On 03 February 2022 the Bank of England base rate increased from 0.25% to 0.50%.

• Our Standard Variable Rate will increase by 0.25% to 4.74% 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 3.75% (3.25% above Bank of England base rate) with effect from 01 March.  Jersey tracker rate mortgages will also automatically increase on 01 March 2022.
• Isle of Man mortgages Follow on Rate will increase by 0.25% to 3.75% (3.25% above Bank of England base rate) with effect from 03 March and Isle of Man tracker rate mortgages will also automatically increase on 03 March 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.