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

Can my parents get a Buy to Let mortgage and rent out to me?

We can help to answer your question about your parents potentially being your landlord.

There are legal rules and regulations of letting a property, regardless of if its to a family member or to the general public.

Renting from your parents isn’t a practical solution – your parents would effectively be masquerading as landlords when in reality they just want to help you live in your own property. They’d have to declare the rental income too and pay tax on any profit they make.


Family support

There are family assisted mortgages available to borrowers who have small deposits and whose family are able to help them get their foot on the property ladder.

Some don’t even need any assessment of your parent’s income and outgoings – they’re only needed as a safety net in the worst case scenario. 

Your parents or other family members need to be comfortable with either their property and/or savings being used as security for your mortgage.

Family members providing financial support should be aware that if you are unable to meet the mortgage payments, the security they have provided is at risk if the property needs to be sold and there is a shortfall.


The Bank of Mum and Dad

It's now quite common for young people, and particularly first time buyers, to receive a contribution from parents or other family members to help with a house purchase.  

We've carried out research, in conjunction with the London School of Economics, to look at how families approach this parental help. 

Off the back of this research we've produced a range of guides that highlight important things families need to consider. These include guides that highlight financial considerations and legal implications that families should be aware of, and how to approach the often difficult first conversation of financial assistance when buying a home.

Your mortgage questions answered

We can help. We've created a list of some of the most frequently asked mortgage questions.

Read more