Bank of England base rate

We look at a number of things when reviewing our savings products, including market conditions and the Bank of England base rate.

After a Bank of England base rate change, we review our savings range and tell customers promptly should we make any changes.

The fixed interest rate on these mortgages won't be affected by a change to the Bank of England base rate. The fixed rate stays the same until the end of the fixed rate period.

When the fixed rate period ends, your mortgage will usually move to our standard variable rate (unless you've made arrangements to move to another fixed rate or another type of rate).

We'll always contact you around 3 months before the end of the fixed rate period so you can think about your options. Find out when yours ends by checking your mortgage offer and / or mortgage illustration.

Learn more in our complete FAQs.

We review our standard variable rate and buy to let variable rate when the Bank of England base rate changes. These rates are not directly linked to the base rate, so there's currently no change to these rates.

If you've a Discounted Rate Mortgage, the discount will be off our standard variable rate. If there's a change to our standard variable rate or buy to let variable rate, we'll automatically recalculate the standard monthly payment and send you a letter, or secure e-message to your personal online banking account, with the new amount.

The 1% price promise will continue. The interest rate on these mortgages will be changed so that it will be no more than 1% above the Bank of England base rate within 30 days of the base rate change.

We'll automatically recalculate the standard monthly payment and send you a letter, or secure e-message to your personal online banking account, with the new amount.

The rate of interest charged on these mortgages will be changed within one day of any change in the Bank of England base rate.

This will affect the amount of interest you pay. We'll automatically recalculate your standard monthly payment and send you a letter, or secure e-message to your personal online banking account, with the new amount.

The rate of interest charged on these mortgages will be changed within 30 days of any change in the Bank of England base rate. This will affect the amount of interest you pay.

We'll automatically recalculate the standard monthly payment and send you a letter, or secure e-message to your personal online banking account, with the new amount.