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Rate Change December 2021

Written by Joanne Leek

17 Dec 2021

Tags

Base rate, Rate Change

2 min read

Following the announcement from the Bank of England to increase the Base Rate by 0.15% to 0.25%, we can confirm we are working to implement the rate change.

Our SVR will increase by 0.15% to 5.39%, effective 1 February 2022.

In addition to our SVR increase we are working to review our range of discount products to ensure these remain competitively priced. Any changes to existing products will be effective 1 February 2022.

If you have existing clients with a discount rate deal this will increase in line with the SVR change on 1 February 2022. For clients with a Base Rate tracker mortgage the 0.15% increase will be applied from 1 January 2022, in line with the terms and conditions.

Here to help

If you have any questions about the rate change, or need to speak to us about anything else, give us a call on 0330 123 1073 (option 1).

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