The Society continually monitors interest rates on its range of mortgage and savings products to ensure they are competitive and sustainable.

Following the 0.25% reduction in the Bank of England base rate announced on 18 December 2025 to 3.75%, members who either have a mortgage or savings product which is directly linked to the Bank of England base rate will see their rate reduce to reflect the reduction on 1 January 2026.Borrowers with a tracker-based mortgage or savings account will be personally notified of the change by letter or email ahead of 1 January 2026.

From 1 February 2026, the Society will reduce its Standard Variable Rate (SVR) mortgage from 7.84% to 7.74%. Borrowers with a mortgage product linked to SVR will see a corresponding reduction in their monthly payments from 1 February 2026. In addition, our variable retail savings rates will decrease by an average of 0.20%, also effective from 1 February 2026.

A list of the new variable rates will be published on our website and in our branches prior to the 1 February 2026. Savers with a variable rate account will be personally notified of the change 14 days prior to the 1 February 2026 by letter or email.

Borrowers with a mortgage linked to SVR will receive a letter detailing their revised monthly payment from 1 February 2026.

For more information, please contact your local branch, or email Savings savingsservices@thehanley.co.uk or Mortgages mortgageservices@thehanley.co.uk respectively.