Following the two reductions to the Bank of England base rate on 11 March and 19 March, totalling 0.65%, we will be reducing our residential and commercial standard variable rates (SVRs) by 0.65% with effect from 1 May 2020.
We will be writing to all customers impacted by this change in early May with details of new monthly payments.
We are currently reviewing our variable savings rates and will provide further details shortly.
Customers with fixed rate mortgages or savings will be unaffected.