Bank of England Base Rate Update

The Bank of England announced on Thursday 2nd August that the Base Rate was to be increased from 0.50% to 0.75%. With this in mind, we wanted to let you know that the following changes shall occur to those products  listed below from 1st September 2018.

Standard Variable Mortgage Rate (SVR) will

  • increase from 5.19% to 5.44% (an increase of 0.25%)

Mortgages which track Bank Base rate will

  • increase by 0.25%

Variable Savings Rates will

  • increase by 0.15%

Variable ISA Savings Rates will

  • increase by 0.10%

Savings Products that track Bank Base rate will

  • increase by 0.25%

Should you have any queries, please don’t hesitate to contact us either by email: customerservices@thehanley.co.uk or t: 01782 255000.

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Alex Ward-Brassington

About the Author Alex Ward-Brassington
Alex is our Intermediary Marketing Specialist. With a background in business to business marketing, she is using her expertise to help to communicate the services we have and build relationships with partners of Hanley Intermediaries.

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