ECB Rate Change
On 17 April 2025, the European Central Bank announced a reduction of 0.25% to its ECB Refinancing Rate. As a result, we will make these changes to our rates:
- Tracker mortgage rates will reduce by 0.25% for all PDH Tracker and Buy to Let mortgages that are linked to the ECB rate.
- This change will happen by 01 May 2025 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 announced a reduction of 0.25% to its rate.
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 during April 2025.
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 decreased mortgage repayment.
You will need to contact your Bank to make this amendment.
Our Standard Variable Rate and Loan to Value (LTV) Variable Rates are not affected by this change.
Details of our mortgage rates are available on our website.
You can visit: Mortgage rates page
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 Worried about payments page
We have wide range of competitive rate options available for customers. Please visit our website for more information.