activate universal access mode
Change to Opening Hours 6 & 7 December 2024

Mortgage and Savings rate increases from 1 December

Following the Bank of England’s announcement that it will increase the Bank of England Base Rate (BBR) from 2.25% to 3.00% with effect from 3 November 2022, the Society will be increasing its variable rate mortgage and savings products on 1 December 2022.

mansfield building society main branch inside front desk

The Society Standard Variable Rate (SVR) will be increased by 0.90% from 6.59% to 7.49%. The pay rate on discounted-to-SVR products will be adjusted accordingly and increased by 0.90%.

Existing mortgage customers will receive a direct written communication advising of the change of interest rate and the impact on their monthly mortgage payment.

For any borrowers worried about making their mortgage payments, please contact us on 01623 676340.

Current and closed issue variable rate savings accounts will also be increased on 1 December and full details of the new rates will be available on the Society’s website or from any of our branches shortly.

News updated 10 November 2022.

Share this article

Our intermediaries website is for use by authorised intermediaries only.

Please click on the link below to proceed

Continue to intermediaries site