Aldermore increases variable mortgage rates

Michael Lloyd

August 10, 2018

Specialist Bank, Aldermore will be increasing variable mortgage rates by 0.25%, following the Bank of England’s decision to increase Bank Base Rate by 0.25% to 0.75%.

The Aldermore Managed Rate, the Bank’s standard variable mortgage rate, will increase from 4.98% to 5.23% for new and existing customers on 1st September 2018.

The vast majority of Aldermore’s mortgage customers will be unaffected by this increase, as they are currently on fixed rates, but for those that will be, the bank will be writing to them to ensure they are aware of the changes.

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