Please note that the rate change notification detailed below refers to the Bank of England 0.5% rate cut announced on 5th March 2009.

Notice to existing borrowers

With effect from 3rd April 2009, our Variable Home Loan Rate will decrease by 0.50% per annum to 2.50% p.a. This rate will be effective until further notice.

The rate for all our Tracker Mortgages will decrease by 0.50% p.a.

Our Standard Variable Rate will remain unchanged at 4.00% p.a.

Our Commercial Base Rate for non owner-occupied residential loans will remain unchanged at 5.59% p.a.

Under the annual review system, this change of interest will be reflected in the revised monthly payments effective from March 2010.

This notice does not apply to any mortgage account operated by interim review. Those borrowers will be notified seperately.

Notice to savers

With effect from 3rd April 2009, interest rates for savers will change until further notice.

To see the new interest rates for savers, please click here

To see the previous interest rates for savers, please click here

If you have any queries about this rate change, please contact your nearest branch or telephone our Membership Services Department on 0845 601 3344.