Santander increases mortgage rates following Bank of England rate hike

Santander has increased the rates on selected mortgage products following the Bank of England’s base rate increase of 0.5%.

All Santander tracker mortgage products linked to the base rate will increase by 0.50% from 3rd September. This includes the Santander Follow-on Rate (FoR) which will increase to 5.00%.  

While all Alliance & Leicester mortgage products linked to the base rate will increase by 0.50% from 1st September.

The Alliance & Leicester and Santander Standard Variable Rates (SVRs) will also increase by 0.50% to 5.99% from the beginning of September.

Santander savings products that are linked to the Bank of England base rate will increase by 0.50%, effective from 2nd September. The products linked to the base rate are the Rate for Life and Good for Life savings accounts. 

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