On Thursday 7 November the Bank of England base rate went down from 5.00% to 4.75%.
Mortgages
All our mortgage products linked to the base rate will go down by 0.25% from Tuesday 3 December. This includes the Follow-on Rate, which will go down by 0.25% to 8.00%.
The Standard Variable Rate (SVR) will go down by 0.25% to 7.00% from Tuesday 3 December.
Savings, current accounts and business customers
We'll decrease interest rates on savings accounts linked to the base rate from 3 December.
If we make any changes to our wider range of variable rate banking and savings products, we’ll tell you about them in line with your terms and conditions.