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 15 April 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 15 April 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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