Skipton International, the Guernsey-licensed bank, will keep its Standard Variable Rate and ‘Follow On’ Rate mortgages at their existing rates, irrespective of increases elsewhere.
Existing customers who hold a Base Rate Tracker mortgage will see their interest rate increase by 0.25%, as per the products terms and conditions.
Roger Hughes, Skipton’s business development manager, said: “Skipton has a philosophy of trust, respect, and putting the customer first. Whilst we are having to make some changes following the Bank of England Base Rate change we are keen to do all we can to assist our borrowers and this is one way we are able to do so.
“Our transparency is important to us and we are always happy to listen to our borrowers. If anyone would like to get in touch, or is interested in finding out more about our mortgage products, please visitwww.skiptoninternational.com/mortgages in the first instance.”
