Bank of England base rate change
On Thursday 4 August, the Bank of England decreased the base rate from 0.50% to 0.25%.
All variable rate mortgages indexed to the Bank of England base rate will be reduced by 0.25%, in line with existing terms and conditions. All other variable rates, including the TMW Managed Rates, will remain unchanged.
Any customers affected will see a change to their mortgage payments from Thursday 1 September and we’ll write to you by this date to notify you of your new interest rate and monthly payment.
For more information, please read our FAQs.