Changes to selected variable rate mortgages

The Bank of England announced an increase to the base rate on Thursday 2 August to 0.75%.

Please find below the effect of this increase on The Mortgage Works' mortgage rates.

New and pipeline applications

All Key Facts Illustration and offer documents will reflect the new Bank of England base rate from Tuesday 7 August. For new customers completing on trackers from this date, the new base rate will be reflected upon completion.

Download our New Business guide

Existing customers

From Saturday 1 September, all variable rate mortgages indexed to the base rate will be increased by 0.25%, in line with existing terms and conditions. All other variable rates, including the TMW Managed Rates, will also increase by 0.25%.

Borrowers affected by this increase will see a change to their mortgage payments from Saturday 1 September and we'll write to them in advance to notify them of their new interest rate and monthly payment.

Download our Existing Customer Switching guide

Contact us

We anticipate high call volumes in our contact centres, so for case updates, please login to TMW Online. If you need pre-application support, contact us using Broker Chat.

Securing current products

You can secure any current products available via TMW Online and TMW MTE by submitting a Full Mortgage Application (FMA) by 8pm today, Monday 6 August.

Where applicable, paper applications must be postmarked up to Monday 6 August.