On Thursday 19 March, the Bank of England announced a further change in the base rate, from 0.25% to 0.10%.

We’ll be passing on the full 0.15% reduction to those of you on our Base Mortgage Rate (BMR) and Standard Mortgage Rate (SMR), meaning the new rates will be 2.10% and 3.59% respectively.

Most tracker-rate mortgages will decrease by 0.15% in line with your contract (however some will not decrease as they've previously reached their minimum floor).

The changes to mortgage rates will apply from 15 April and payments will change from 1 May.