The rate increase will apply for existing borrowers with effect from 1 September.
All product rates linked to the Residential Standard Variable Rate should be changed accordingly.
Our Buy To Let Standard Variable Rate is also increasing by 0.25%, to 6.89%, with effect from the same dates.
Following the Base Rate Change, all product rates linked to Bank Base Rate will increase by 0.25% with effect from 20 August for existing borrowers. For new business, these rates should be changed with immediate effect.
