Mortgage SVR, FoR and tracker rate changes

On 03 November 2022 the Bank of England base rate increased from 2.25% to 3.00%.

• Our Standard Variable Rate will increase by 0.75% to 7.24% 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 0.75% to 6.25% (3.25% above Bank of England base rate) with effect from 01 December.  Jersey tracker rate mortgages will also automatically increase on 01 December 2022
• Isle of Man mortgages Follow on Rate will increase by 0.75% to 6.25% (3.25% above Bank of England base rate) with effect from 03 December and Isle of Man tracker rate mortgages will also automatically increase on 03 December 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.