Changes to our Variable Rates
Following the decision by the Monetary Policy Committee on 3 February 2022 to increase the Bank of England Base Rate to 0.50%, we’re making some changes. On 2 March 2022, we will increase our Standard Variable Rate to 4.74% and our Buy to Let Variable Rate to 4.94%.
What happens with existing customers
Customers affected by the changes to our Standard Variable Rate or Buy to Let Variable Rate will be contacted to let them know their rate and monthly repayment will change on 1 April 2022.