Our list of frequently asked questions to help you understand how the change to the Bank of England base rate may affect you.
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: https://www.kentreliance.co.uk/mortgages.
The Bank of England Base rate is the British Government's key interest rate for enacting monetary policy.
The Bank of England have decreased the base rate from 0.25% to 0.10%.
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.
Your mortgage Terms and Conditions remain the same.