Update: Bank of England raises interest rates

Posted by

Base rate rise
On Thursday 2 August 2018, the Bank of England announced a 0.25% increase in its base rate from 0.50% to 0.75%. Masthaven, like other banks, considers the base rate when setting Lending and Savings interest rates.

What will happen to my Masthaven loan or savings account?
We’re currently reviewing our variable rate mortgages, loans and savings products. Once a decision is made we’ll publish details of these changes and notify all customers affected.