From Monday 22 August, we will be reducing the rates on our 2 and 5 year tracker deals by 0.25% to reflect the reduction in the Base Rate announced on the 4^th August. Product codes remain unchanged.

All customers who have applied for one of our tracker products and are currently awaiting completion will be eligible for the 0.25% reduction and will receive a letter confirming their new interest rate and monthly repayment amount. All customers who are currently on a tracker deal will also see a 0.25% rate reduction.

A couple of other dates for reducing our SVR..

• Thursday 1^st September – Existing tracker rate mortgage customers (in a deal period) rate will reduce. Repayments due on or after 5^th September will reflect the new payment amount.
• Monday 19^th September – SVR quoted will reduce for new transactions for both new and existing mortgage customers. All supporting documentation, rate sheets and the fee/no fee calculator will be updated for this date.
• Saturday 1^st October – Back book SVR customers interest rate will reduce, and their new rate will be used to calculate interest from this date.

For the SVR move we will send out official comms the day before as per standard process but wanted to give you the dates asap