We wanted to let you know that following yesterday’s decision by the Bank of England, we have decreased our standard variable rate from 5.25% to 5.00%.
As a result, our product reversion rates have also reduced by 25bps! These reductions are a further step towards providing your clients with flexible and affordable products to help them achieve their home ownership ambitions.
You can find the updated information in our latest product guide, and our systems will reflect this change from December 20th.
Sourcing systems will be updated shortly to reflect these changes.