We have made changes to our Standard Variable Rate (SVR) for both Residential and Buy to Let mortgages, in line with the recent reductions to the Bank of England Base Rate, therefore the new rates are:
SVR | Date of Rate Change | Changed from | Changing to |
Residential | 1st April 2020 | 4.25% | 3.60% |
Buy to Let * | 4.75% | 4.10% |
*this also applies to our Professional Buy to Let
We have contacted our customers where this applies to let them know about the change. There won’t be any changes for existing customers who have fixed rate savings or borrowing products.