Mortgage rate changes

On 16 December 2021 the Bank of England base rate increased from 0.10% to 0.25%.

With effect from 04 January 2022:

  • Our Follow-on Rate will increase by 0.15% to 3.50% (3.25% above Bank of England base rate)

  • Interest rates for tracker mortgages still in their initial tracking period will automatically increase by 0.15%

Our Standard Variable Rate will also be increasing by 0.15% to 4.49% and we will contact customers on this rate to give them thirty days notice in line with our mortgage terms and conditions. 

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. 

If you have any queries about these changes, please contact us.