Changes to our standard variable rates
Following the reduction to the Bank of England base rate on Thursday 4th August we are pleased to announce changes to our Standard Variable Rate, Offset Variable Rate and Offset Variable Investment Housing Loan rate.
The following rates will be reduced from 1st of September 2016:
For customers on Standard Variable Rate (SVR) or Offset Variable Rate (OVR) mortgages we will reduce the rates from 4.95% to 4.70%.
For customers on Offset Variable Investment Housing Rate (OVIHL) mortgages we will amend the rate from 5.35% to 5.10%.
Existing customers who are affected by the change in rate will receive a letter following their planned payment in September to confirm how and when the interest rate change will affect their mortgage and payment.
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