Aldermore announces changes to variable mortgage rates
Aldermore has today confirmed it will be decreasing variable mortgage rates by 0.65% following the Bank of England’s decision to decrease the Bank Base Rate by 0.75% to 0.25% on 11 March, and then to 0.10% on 19 March.
Customers with mortgages linked to the Bank of England Base Rate (BBR) will decrease by 0.50% on 1 April 2020, and then by a further 0.15% on 1 May 2020.
The Aldermore Managed Rate (AMR), the Bank’s standard variable mortgage rate, will decrease from 5.23% to 4.58% for new and existing customers on 1st May 2020.
Aldermore customers affected by the announcement will be informed of the changes to their account in line with their account terms and conditions.
