Information for Members - Changes to the Bank Base Rate

In response to the Bank of England’s decision to reduce bank base rate by 0.50% on the 13th March 2020 and 0.15% on the 19th March 2020, the Society is pleased to announce that it will pass on the reduction in full to our Mortgage Standard Variable Rate (SVR). Therefore, with effect from 1st May 2020 the Society’s SVR will reduce by 0.65% to 5.30%. For full details regarding our SVR changes, and how they might affect you/your product click here.

The Society is continuing to assess the impact of these changes on its savings product range. Any changes to the savings range will be communicated to Members in line with their terms and conditions.

Savings Mortgages Business financials

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