Important information - changes to our Standard Variable Rate

As you will be aware, Bank Rate increased on Thursday 3 February 2022, from 0.25% to 0.50%. Following a review of our Standard Variable Rate (SVR), the Society will increase its SVR by 0.10% from 3.99% to 4.09% for new customers with effect from Friday 4 February 2022. Please find further information below.

Customers who are currently on a discounted variable rate or SVR

We will be writing to customers who are currently on a discounted variable rate or SVR advising them of their new mortgage rate and payment which is effective from Tuesday 1 March 2022.

What does this mean for pipeline business?

Any business that has been submitted on a discounted variable rate product will be impacted by the increase to SVR.