Aldermore announces changes to variable mortgage rates

POSTED: 12th January 2022
IN: Newsroom

Following the recent 0.15% increase to the Bank of England Base Rate, Aldermore bank has today confirmed it will increase variable mortgage rates by 0.15%.

Customers with mortgages linked to the Bank of England Base Rate (BBR) will increase by 0.15% on 1  February 2022.

The Aldermore Managed Rate (AMR), the Bank’s standard variable mortgage rate, will increase from 4.58% to 4.73% for new and existing customers on 1  February 2022.

Aldermore customers affected by the announcement will be informed of the changes to their account in line with their account terms and conditions.