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Changes to our Variable Rates

1st March 2022

Following the decision by the Monetary Policy Committee on 3 February 2022 to increase the Bank of England Base Rate to 0.50%, we’re making some changes. On 4 March 2022, we will increase our Standard Variable Rate to 4.74%, our Offset Variable Rate to 4.95% and our Offset Variable Investment Housing Loan Rate to 5.35%.

What happens with cases at application or offer stage

Products discounted from any of the affected rates will see an automatic increase to the interest rates from 4 March 2022. All new revert-to-rates will be live from 4 March 2022.

What happens with existing customers

Customers who are impacted by this rate change will be contacted to let them know of any changes to their mortgage.

If you’ve got any questions, you can get in touch with your Business Development Manager.

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