Published: 04 August 2023

Following the Bank of England’s decision to increase the Bank Base Rate by 0.25 percentage points, to 5.25% on 3 August 2023, the below changes will apply:

Savings

Increase interest rates on all savings accounts on 1 September 2023, with some accounts benefitting from the full 0.25% rate increase.

Savings accounts which are directly linked to and track the Bank Base Rate will increase by 0.25% on 1 September 2023.

Mortgages

Our Standard Variable Rate (SVR) will increase by 0.25% to 8.09%, with effect from 1 September 2023.

Mortgages which are directly linked to and track the Bank Base Rate will increase by 0.25% on 1 September 2023.

Financial Support

If you’re concerned about your mortgage payment, or simply want to discuss your options, we can help. We have a knowledgeable experienced Financial Support Team, available at the end of a phone during our office opening hours.  All you need to do is get in touch using the details below.