Support and downloads

Following the recent change to the Bank of England base rate, we are still to confirm our position on interest rates. In the meantime, our up-to-date, existing customer mortgage product range can be found on our website: http://www.kentreliance.co.uk/mortgages.

Bank of England base rate change - Mortgage FAQs

What change has the Bank of England made? What is the Bank of England Base Rate? I have a product linked to the Bank of England base rate, how will this affect my mortgage? Have there been any other changes made to my mortgage Terms and Conditions?

What change has the Bank of England made?

The Bank of England have decreased the base rate from 0.25% to 0.10%.

What is the Bank of England Base Rate?

The Bank of England Base rate is the British Government's key interest rate for enacting monetary policy.

I have a product linked to the Bank of England base rate, how will this affect my mortgage?

If you have a mortgage product that is linked to the Bank of England Base rate, then your monthly payments will change. We will confirm the changes in writing to you shortly.

Have there been any other changes made to my mortgage Terms and Conditions?

Your mortgage Terms and Conditions remain the same.

© OneSavings Bank plc 2020.

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advertisement for a savings product will contain an AER you will be able to compare more easily what return you can expect from your savings over time.

krbs, Kent Reliance Banking Services and Kent Reliance are trading names of OneSavings Bank plc. Registered in England and Wales (company number 7312896). Registered office: Reliance House, Sun Pier, Chatham, Kent, ME4 4ET. OneSavings Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (registered number 530504). We subscribe to the Financial Services Compensation Scheme and the Financial Ombudsman Service. Visit the Money Advice Service

Please note that due to scheduled essential maintenance, online services and the choices portal will be unavailable between the hours of Sunday 04 October 2020 7am and 11pm. We apologise for any inconvenience caused.