Tracker mortgage interest rates for existing customers will increase on 27 August 2023
We'll write to customers if they're affected.
Tracker mortgage payments won't increase until March 2024, unless customers contact us
- We'll write to customers to let them know
- To reduce the impact of increased interest on their mortgage balance, customers can increase their mortgage payments sooner by requesting a payment recalculation online.
- If we don’t hear from them, they’ll be charged a higher rate of interest from 27 August 2023 but we won’t increase their repayments.
- As customers would be paying back less interest than they’re being charged, this will increase the amount they owe and could make a considerable difference to their mortgage payments from March 2024.
Standard Variable Rate (SVR) mortgages
We increased our SVR from 7.99% to 8.24% on 24 September 2023.
Fixed rate mortgages.
There is no change to fixed rate mortgages.