ECB Rate Change

On 06 June 2024, the European Central Bank reduced its ECB Refinancing Rate by 0.25%. As a result, we will make these changes to our rates:

  • Tracker mortgage rates will reduce by 0.25% for all Tracker and Buy to Let mortgages that are linked to the ECB rate.
  • This change will happen by 01 July 2024 and we will write to all our customers with Tracker mortgages confirming the new interest rate and the date it’s changing.

— Got questions? —

Here are answers to some questions you may have.

A tracker mortgage ‘tracks’ changes to the ECB rate. If the ECB decides to increase or decrease its rate, the rate on the Tracker Mortgage will go up or down by the same percentage.


The ECB has reduced its rate by 0.25%. This means the tracker mortgage rate is going down by 0.25%.

We will write to all customers to inform them of the changes to their tracker mortgage interest rate from the end of June 2024.

The direct debit for your mortgage will automatically change, so you don’t have to do anything.


You will need to amend your standing order to reflect the increased mortgage repayment.

You will need to contact your Bank to make this amendment.

Our Standard Variable Rate and LTV Variable Rates are not affected by this change.

Details of our mortgage rates are available on our website.

You can visit:

If you are concerned about your current mortgage repayments or if you are already in arrears on your repayments, you can speak to us by calling 0818 280 280

Alternatively, you can visit



We have wide range of competitive rate options available for customers. Please visit our website for more information.