Bank of England base rate change
On Thursday 2 August 2018, the Bank of England increased the base rate from 0.50% to 0.75%.
All variable rate mortgages indexed to the Bank of England base rate will increase by 0.25%, in line with existing terms and conditions. All other variable rates including the TMW Managed Rates, will also increase by 0.25%.
Any customers affected will see a change to their mortgage payments from Saturday 1 September 2018 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.