Bank of England base rate change

On Thursday 19th March , the Bank of England decreased the base rate from 0.25% to 0.1%. 

From 1 May 2020, variable rate mortgages indexed to the base rate will be decreased by 0.15%, in line with existing terms and conditions. 

BTL Managed Rates will remain unchanged at this time. Other variable rates, including Residential Managed Rates, will reduce by 0.15% with affect from 1 May 2020.

If you are affected by these changes we’ll write to you by this date to notify you of your new interest rate and monthly payment.

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