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Bank of England increases base rate

1st June 2022

On Thursday 5 May 2022, the Bank of England announced a 0.25% increase in its base rate from 0.75% to 1.00%.

As a proud mutual building society, we’re committed to being fair to all our members and following this announcement, there will be no increase in our Standard Variable Rate for our mortgage members. This means that our Standard Variable Rate will stay at 5.69%.

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