From 18 February 2022, we'll be increasing our tracker mortgage interest rates to reflect the base rate change. We'll write to let you know what your new interest rate and monthly payments will be.
Standard Variable Rate Mortgage
From 18 February 2022 our Standard Variable Rate (SVR) will increase from 5.39% to 5.79%
We'll write to you if you are affected. The letter will explain your new interest rate and monthly payments.
Fixed rate mortgages
If you're on a fixed rate mortgage, nothing will change – you don't need to do anything. Your interest rate and monthly payments stay the same until the end of your fixed rate period. If you're near the end of your fixed deal period, you may want to switch your mortgage product.
Not sure which mortgage you have?
You can find out your mortgage type by checking your annual statement or mortgage offer, whichever is the most recent.
Savings and ISA changes
If you hold a savings tracker account with us, the rate on your account will increase on the 18 February in line with the base rate change.
We're currently working through what the base rate change means for the rest of our savings range.