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Things you need to know

Government Support for Those With Mortgage Payment Difficulties

A number of support schemes from the government are available which may be able to help you if you have dificulties in meeting your mortgage payments. Click here for further information about these schemes and how they may be able to help you.

Buy to Let Confidence Study

The latest Buy to Let Confidence report from Mortgage Express is now available online. The report carried out in September and October 2008 represents the responses of approximately 4,000 landlords and offers a unique insight into the buy to let market as well as a realistic view for the future. To download a copy click here. 

Bank of England base rate change

How will my mortgage rate change if the Bank of England base interest rate changes?

It depends on the type of interest rate that applies to your mortgage.

  • If a FIXED rate applies to your mortgage this will not change as a result of a change to the Bank of England base rate.
  • If a PRODUCT VARIABLE RATE (PVR) applies to your mortgage this will change by the same amount as the Bank of England base rate change. The change will take effect from the first day of the month following the Bank of England change. Any DISCOUNT that applies to your PVR rate will not change and the minimum rate that can be charged is 0%. We will write to customers who are affected by a change in their PVR rate within 2 weeks of the Bank of England base rate change to confirm their new interest rate and payment amount and by updating this website.
  • If a STANDARD VARIABLE RATE (SVR) applies to your mortgage this rate is not directly linked to the Bank of England base rate and is changed by Bradford & Bingley. We are currently reviewing the SVR in response to the Bank of England base rate change. If we decide to change the SVR we will inform you of this change in the normal manner.
  • If any other rate applies to your mortgage, please call us.

How do I know what sort of rate applies to my mortgage?

You should refer to your most recent mortgage offer document. Many mortgages have an initial period during which a FIXED or DISCOUNT rate applies followed by either a PVR or SVR for the remaining loan term. If your mortgage product has or had an initial FIXED or DISCOUNT period you should check the expiry date to find out which type of rate currently applies to your mortgage.

Mortgage Express and public ownership - information for customers

Following the decision to take the mortgage assets of Bradford & Bingley Group into public ownership, Mortgage Express is currently closed to all new business. We will not accept new applications for mortgages, re-mortgages or further advances, and re-offers will no longer be made. From this point on, we may not necessarily be able to offer our customers a competitive new deal when they come to the end of their existing product term.

All mortgage offers that have been issued will be honoured, in line with the terms outlined in the specific conditions of each offer.

Therefore, if you are an existing customer moving home, looking for a new deal or require additional funds, you should call us on 08457 248 248 or speak to your financial adviser.

(Calls may be monitored or recorded. 0870 and 0845 numbers may be charged at a higher rate than local and national calls and will vary between different providers. Check with your provider)

Customer Q&As

Click here for a list of frequently asked questions from our customers (Updated 21/01/09)