Notices

  • Savings customers - interest rates on many of our variable rate savings products will be decreasing from 29 January. We have emailed or written to you to let you know of how these interest rate decreases affect you. See our variable savings rate changes

  • UK Landlords - The Renters’ Rights Bill, introduced in September 2024, received Royal Assent on 27 October 2025 and is now law as the Renters’ Rights Act. Read more about what to expect.

  • Savings: Interest rates for Windfall Bond will decrease by 0.25% from 1 January 2026. We will write to all customers individually to confirm the new rates.

    Mortgages: Tracker mortgages will change on 25 January 2026 and we will write to customers individually with revised payment details where the new rate exceeds the minimum rate (or ‘floor’) already applying to their mortgage.

  • Mortgage products - On Tuesday 20 January 2026, we made changes to our mortgage product range. This includes enhanced Buy to Let HMO criteria, now catering to properties with up to six bedrooms (previously four bedrooms)

    Managed Mortgage Rates and Discounted Variable Rates

    From 7 February 2026, we'll be decreasing our Managed Mortgage Rates (MMR) by 0.15%. All on-sale discounted variable product rates and other details, including representative examples displayed on our website, have been updated to reflect these lower rates.

    We will shortly be writing to existing customers who have been impacted by this change, with details relevant to them.

  • Our Market Tracker Cash ISA (2) paying 4.03% AER is now back on sale. Find out more


Conversation guide

How do families first approach the often difficult and tricky conversation of financial assistance for home buying?

Our research found that one of the biggest issues faced by a family is that the financial arrangement isn't documented and the exact terms of the financial support aren't clear.

Our simple guide can help both parents and adult children during these difficult discussions.

The guide covers:

  • Key points to help with the conversation

  • How to prepare for the discussion

  • Key questions and topics that need to be considered, along with space to write down what decision has been made and how both parties will proceed

  • Things to consider moving forward.

To find out more read our guide 'Bank of Mum an Dad - A conversation guide'.

     

     

     

     

     

     

BOMAD image conversation guide

How to run the Bank of Mum and Dad

Our definitive guide on 'How to run the Bank of Mum and Dad' shows how it works and important things to consider.

Read our guide