Santander UK has made changes to its mortgage and base rate linked savings products following the Monetary Policy Committee’s (MPC) decision to decrease the Bank of England base rate to 4.75%.
All existing tracker mortgage products linked to the base rate will decrease by 0.25% from 3rd December 2024.
This includes the Santander Follow-on Rate (FoR) which will decrease to 8.00% from 8.25%.
The standard variable rate (SVR) will also decrease by 0.25% to 7.00% from 7.25%.
