Increase to our Standard Variable Rate (SVR) and changes to how it is charged
Following two recent changes to the Bank of England base rate, we have today changed our Standard Variable Rate (SVR) for new business to 4.75% (from 4.25%). For existing customers, the new SVR takes effect from the next Rent Review date of 1 July 2022.
SVR changes for BTL UK resident, UK Expat and International resident products
From today, we will also be increasing the SVR margin for new customers on all Houses in Multiple Occupation (HMO) and Multi Unit Freehold Block (MUFB) products by 0.25%. For UK residents the follow-on rate payable will now be SVR + 1.25%, and for UK Expat and International residents the follow-on rate payable will now be SVR + 1.75%. Please note that all existing applications and DIPs will be honoured on current terms.
Our product range is available to UK residents, UK Expats, International residents and UK registered corporate entities looking to purchase or refinance property in England and Wales. Our full range of products can be found here.
If you have any queries or require further information our team remains available via phone and email, details of which can be found here.
Thank you for your continued support.