ECB Rate Change

On 14 September 2023, the European Central Bank increased its ECB Refinancing Rate by 0.25%. As a result, we will make these changes to our rates:

  • Tracker mortgage rates will increase by 0.25% for all Tracker and Buy to Let mortgages that are linked to the ECB rate.
  • This change will happen by 01 October 2023 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 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.