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Changes to our variable rates

1st April 2022

Following the decision by the Monetary Policy Committee on 17 March 2022 to increase the Bank of England Base Rate to 0.75%, we’ve made some changes. On 1 April 2022, we increased our Standard Variable Rate to 4.99%, our Offset Variable Rate to 5.20% and our Offset Variable Investment Housing Loan Rate to 5.60%.

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 1 April 2022. All new revert-to-rates are live from 1 April 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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