Following the Bank of England’s decision to increase the Base Rate by 0.25 percentage points to 4.50% on 11 May 2023, we are increasing our Base Rate Tracker mortgage rates and our Standard Variable Rate (SVR) on mortgages from 1 June 2023.
We will increase our Standard Variable Rate (SVR) by 0.25 percentage points to 8.19% effective from 1 June 2023.
Existing Base Rate tracker mortgage account holders will have the 0.25 percentage points increase applied from 1 June 2023, in line with their terms and conditions.
Existing mortgage holders affected by the rate change will be written to individually.
Borrowers currently on a fixed rate product will see no change to current repayments.
We will be reviewing our savings rates and any changes will be communicated separately.
Members with an existing fixed rate savings product will not have any changes applied.
Mortgage Payment Difficulties
We’re here to help. If you have a mortgage with us and are concerned about keeping up with mortgage payments, please contact us as soon as you can.
You’re not alone; thousands of mortgage borrowers get help from their lender every year. Talking to us about this will not affect your credit score. We will support you based on your needs and what you can afford to pay.
Call our dedicated team on 01473 278510 or email [email protected]
You’ll find more about the support we may be able to offer on our website https://www.suffolkbuildingsociety.co.uk/mortgages/existing-mortgage-borrowers/problems-paying-your-mortgage/
Get in touch
Want to receive updates like this from us by email?
If you would like to receive updates about your membership and savings account/s by email, you can sign up to our Loyalty List on our website.