Following the 0.25% increase to the Bank of England Base Rate on 03 August 2023, we increased our variable mortgage rates by 0.25%.
Existing customers with mortgages linked to the Bank of England Base Rate (BBR) increased by 0.25% on 1 September 2023.
The Aldermore Managed Rate (AMR), the Bank’s standard variable mortgage rate, increased from 9.48% to 9.73% from 1 September 2023 for existing customers, with an account linked to AMR.
The government has announced new support for residential borrowers who are worried about making their mortgage payments due to the recent increases in mortgage rates. We’ll be in touch as soon as we have more information to share. If you are concerned about making your mortgage payments, visit our money worries page to find out how we can support you.