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.
Not sure which mortgage you have?
You can find out your mortgage type by checking your most recent annual statement or mortgage offer.
The BoE base rate is the rate of interest the Bank of England charges banks and building societies to borrow money. This affects the interest rates set by those banks and building societies for their customers. Any change to base rate, may impact the interest rates on savings and mortgages.
The Bank of England’s Monetary Policy Committee (MPC) changes the base rate. It's part of the action they take to keep inflation low and stable.
The previous base rate change was from 4.50% to 5.00% on 22 June 2023.
We'd review the impact of any further base rate changes along with the market and other economic factors at the time. It may impact the interest rates we provide on our mortgages.
The Bank of England’s Monetary Policy Committee regularly reviews the base rate (normally monthly) to determine whether a change is needed.