The Bank of England base rate has risen from a record low of 0.25% to 0.50%. Here’s our rundown of how lenders are reacting to the rise, so you can see whether yours has increased its Standard Variable Rate. We’re keeping a close eye on developments and will update this page as we hear of any changes. Remember that if you are currently paying your lender’s SVR, the chances are you could substantially reduce your monthly mortgage costs by switching to a cheaper deal. Review your rate and check our best buys to see if you can find a better mortgage. Our expert advisers are on hand if you want to talk through the mortgage options available to you.
Lender
Current SVR New SVR Change AA Mortgages
4.24
4.49
0.25
Accord
5.34
4.99
-0.35
Aldermore
4.73
4.98
0.25
Bank of Cyprus
4.25
4.50
0.25
Bank of Ireland
4.24
4.49
0.25
Barclays
4.74
4.99
0.25
Bath BS
5.04
5.29
0.25
Beverley
4.75
BM Solutions
4.59
4.84
0.25
Buckinghamshire
4.99
5.24
0.25
Cambridge
4.74
4.99
0.25
Chelsea
4.74
4.99
0.25
Chorley BS
5.24
5.49
0.25
Clydesdale / Yorkshire Bank
4.70
4.95
0.25
Co-op
4.49
4.74
0.25
Coventry
4.49
4.74
0.25
Cumberland
4.24
4.49
0.25
Darlington
5.70
5.70
Confirmed no increase Dudley
4.99
Earl Shilton
4.99
5.24
0.25
Ecology BS
4.65
4.65
Confirmed no increase Family BS (National Counties)
4.54
4.79
0.25
First Direct
3.69
3.94
0.25
Furness
5.29
5.54
0.25
Halifax / Lloyds
3.74
3.99
0.25
Handelsbanken
4.25
Hanley Economic
4.94
5.19
0.25
Harpenden
4.19
Hinckley & Rugby
5.64
5.89
0.25
Hodge Lifetime
3.95
4.45
0.50
Holmesdale
4.74
4.99
0.25
HSBC
3.69
3.94
0.25
Ipswich
5.24
5.49
0.25
Kent Reliance
5.83
6.08
0.25
Leeds
5.44
5.69
0.25
Leek United
5.19
5.44
0.25
Loughborough BS
4.84
5.09
0.25
Manchester
5.49
Mansfield
5.34
5.59
0.25
Market Harborough
5.49
Marsden
5.70
5.95
0.25
Melton Mowbray
4.99
Metro Bank
3.75
4.00
0.25
Monmouthshire
4.74
4.99
0.25
Nationwide
3.74
3.99
0.25
Nationwide (pre Apr '09)
2.25
2.50
0.25
NatWest / RBS
3.75
3.99
0.24
Newbury
4.20
4.20
Confirmed no increase Newcastle
5.99
5.99
Confirmed no increase Nottingham
5.49
Paragon
5.10
5.35
0.25
Penrith
4.15
4.40
0.25
Platform
4.49
4.74
0.25
Principality
4.74
4.90
0.16
Saffron BS
5.39
5.39
Confirmed no increase Sainsbury's Bank
3.99
4.24
0.25
Santander
4.49
4.74
0.25
Scottish BS
5.04
5.14
0.10
Scottish Widows
3.74
3.99
0.25
Skipton
4.74
4.74
Confirmed no increase Skipton (pre 2010)
4.70
4.70
Confirmed no increase Stafford Railway
2.95
3.20
0.25
Teachers BS
4.74
4.99
0.25
Tesco Bank
3.89
4.04
0.15
Tipton & Coseley
4.74
4.99
0.25
TSB
3.74
3.99
0.25
Vernon BS
4.70
4.95
0.25
Virgin Money
4.54
4.79
0.25
West Bromwich
3.99
4.24
0.25
Yorkshire B S
4.74
4.99
0.25
