On Thursday 1 August the Bank of England base rate went down from 5.25% to 5.00%.
Mortgages
All our mortgage products linked to the base rate will go down by 0.25% from Tuesday 3 September. This includes the Follow-on Rate, which will go down by 0.25% to 8.25%.
The Standard Variable Rate (SVR) will go down by 0.25% to 7.25% from Tuesday 3 September.
If you have a fixed rate deal, this change won’t affect your monthly payments.
If you have a base rate tracker deal or are on the SVR, we'll send you a letter with your new interest rate and monthly payment. You'll get it at least 7 days before your monthly payment goes down.
Find out how a change to the Bank of England base rate could affect your mortgage
Savings, current accounts and business customers
We decreased interest rates on savings accounts linked to the base rate from 15 August.
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.