When you reach the end of a fixed or tracker deal, you will automatically move onto either our Base Mortgage Rate (BMR) or Standard Mortgage Rate (SMR), depending on when you reserved your current fixed or tracker deal.
Both the BMR and SMR are variable rates which we may vary in accordance with our mortgage terms and conditions. The BMR is guaranteed to be no more than 2% above the Bank of England Base Rate, whilst the SMR has no upper limit or cap. To find out what you'll move to, please see the table below. If you choose to switch from our BMR to a new product, it isn’t possible to switch back to our BMR at a later date.