Santander to pass on base rate increase

Ryan Bembridge

November 8, 2017

Santander will pass on the 0.25% base rate increase from the beginning of December.

Following the change its standard variable rate will rise by 0.25% to 4.74% and all of its other tracker products will see an increase of 0.25%.

The change will also apply to mortgages for Alliance and Leicester, which merged into Santander in 2013.

The Bank of England increased the base rate from 0.25% to 0.50% last week.

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