Bank of England Base Rate reduction

As part of the ongoing response to the coronavirus pandemic and following the change to the Bank of England Base Rate, we can now confirm the following:

  • Our Standard Variable Rate (SVR) will reduce from 5.69% to 5.29% from 1st May 2020
  • Our Buy to Let Variable rate will reduce from 5.99% to 5.59%, also from 1st May 2020
  • Bank of England tracker mortgage rates have reduced automatically in accordance with their terms and conditions and fixed rate mortgages remain unchanged
  • If your mortgage is affected, we will write to you and confirm the change to your interest rate and your new monthly payment
  • We are currently looking at how the Base Rate change will affect our variable savings rates, and we will let you know about any changes as soon as we can