The Bank of England’s Monetary Policy Committee announced a 0.15% increase to the base rate today to 0.25%. As a result of this announcement we can now confirm the following:

All customers who have existing mortgages which track the Bank of England Base Rate will see their account interest rate change (subject to any product rate cap) in line with their terms and conditions. For most Base Rate Tracker products, rates will be increased no later than 14 days from today, Thursday 16 December.

We will temporarily be withdrawing our Base Rate Tracker products from sale whilst we recalculate the rates, these will be withdrawn at 10.00pm today.