Bank of England base rate increase

The Bank of England has decided to increase the base rate by 0.25% to a rate of 1.00% on 5 May 2022.

Following the latest increase in Bank of England base rate, we can confirm the following:

Mortgage rates:

  • There will be no increase in our Standard Variable Rate or Buy to Let Variable Rate following the increase in Bank of England base rate on 5 May 2022
  • Bank of England tracker mortgage rates will increase in accordance with their terms and conditions and all fixed rate mortgages remain unchanged

If your client’s mortgage is affected, we’ll write to them and confirm the change to their interest rate and their new monthly payment.