Notices
  • Homes for Ukraine - important information can be found here.

  • Rate changes following Bank of England decision to raise its Bank Rate to 1.25% on 16 June.

    Savings:
    the majority of our variable savings rates have been increased from 24 June. Rate increases for Windfall Bond and Tracker Savings Bond apply from 1 July. (Updated 1 July.)

    Mortgages: our variable mortgage rates will increase and we are in the process of writing to affected customers with details of their revised payments, interest rate and effective date. Product rates now shown on the website reflect this increase. (Updated 1 July.)

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