Bank of England base rate

Fixed Rate mortgages

The fixed interest rate on these mortgages won't be affected by a change to the Bank of England base rate. The fixed rate will stay the same until the end of the fixed rate period. When the fixed rate period comes to an end, your mortgage will usually move to our Standard Variable Rate (unless you have made arrangements to move to another fixed rate or another type of rate). We will always contact you around three months before the end of the fixed rate period so you can consider your options. You can find out when the fixed rate period on your mortgage ends by checking your mortgage offer and/or mortgage illustration.

Standard Variable Rate,Discounted Rate and Buy To Let Variable Rate mortgage

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 is currently no change to these rates. If you have a Discounted Rate mortgage, the discount will be off our Standard Variable Rate. If there is 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.

Homebuyer CAT Standard, Homebuyer Variable Rate and Homebuyer Large Advance Variable Rate mortgages

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.

Tracker Rate mortgages

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.

Second Charge Equity Release Loan Variable, Standard Extra Large Advance or House Mortgage Rate

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.