What's going to happen to the rate on my Base Rate Tracker mortgage?
The rate on your Base Rate Tracker mortgage will increase in line with the terms and conditions. If the product has a ‘rate cap’, the rate won’t go above this level. You can find out if your mortgage has a rate cap by checking your mortgage offer.
When will the rate change happen?
If your Base Rate Tracker was taken out with Skipton Building Society, the new rate will take effect from 30 June 2022.
If your Base Rate Tracker was originally from Scarborough Building Society, the new rate will take effect from 23 June 2022.
If your Base Rate Tracker was originally from Amber Homeloans or North Yorkshire Mortgages, the new rate will take effect from 16 June 2022.
When will my monthly payments change?
Your monthly payment will change from 1 July 2022.
Will I get confirmation of my new rate and payment?
Yes – we'll send you a letter within 14 days from 16 June which will include all the details you need.