Mortgages and savings

Our response to the 15 December base rate rise

Following the announcement on 15 December that the Bank of England base rate has risen by a further 0.50% to 3.50%, we are reviewing what this means for our products and rates. Any further updates will be added to this page.

We continue to balance the needs of both our borrowers and savers during this period of rising rates, and provide long term value for all members

  • Tracker mortgage rates will increase automatically in line with the base rate increase, in accordance with their terms and conditions. Fixed mortgage rates remain unchanged
  • If your mortgage is affected by any change, we’ll write to you and confirm your new rate and  monthly payment amount

*This also applies to the Society’s Holiday Let SVR (HLSVR) and Commercial Variable Base Rate (CVBR).

We’re here to help
We understand that we’re in a challenging period of rising costs. We’re here to help if you’re worried about meeting your mortgage payments. The sooner you talk to us, the more opportunity we have to agree a solution. You can also find more information on our payment guidance page.