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.

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

Stamp duty holiday research report

Our latest research in conjunction with the London School of Economics (LSE)

Our latest report looks into the impact of the stamp duty holiday, that was introduced
by the Government in July 2020. This academic study investigates the affects on the 
UK housing market and the UK economy in general.

Some of the key findings include;

  • In the first quarter of 2021 there were 50% more transactions than in the first
    quarter of 2020, ie before the pandemic struck
  • The £500,000 ceiling covers up to 90% of purchases
  • The holiday supports the Government’s levelling up agenda, given that house prices
    are higher in London and the South East
  • Increased transactions mean better use of the housing stock.

Download a copy of our CEOs foreword

Download a copy of the Exec Summary

Download a copy of the full report here

LSE Stamp Duty holiday report 2021 cover