Notices
  • Service update - due to planned essential maintenance our Online Service will be unavailable on Friday 28 January from 18:00 until Saturday 29 January 12:00.

  • Following the Bank of England’s decision to raise the Bank Rate by 0.15% to 0.25% in December 2021, Windfall Bond and Tracker Savings Bond rates increased by 0.15% from 1 January 2022. Tracker mortgages changed from 25 January and we have written to customers individually with revised payment details where the new rate exceeds the minimum rate (or ‘floor’) already applying to their mortgage. We will be considering our other savings and our variable mortgage rates after the Bank of England MPC meeting on 3 February. (Notice updated 19/01/22)

  • Please note that the Premium Saver (5) has now been withdrawn from sale. 
    If you have opened an account, you may add funds until 3pm, 7 February 2022, after this no additions will be allowed.

Stamp duty research

Our research has revealed that Stamp Duty Land Tax is suffocating the housing market. A real change is needed.

In October 2017 we carried out research, in conjunction with the London School of Economics (LSE), looking at the effects of Stamp Duty Land Tax (SDLT) on the housing market and the wider economy, and its impact on household behaviour.

Following that, in July 2018 we undertook some further research with LSE looking at the impact of SDLT. 

We believe the Government needs to urgently review and revise its approach to SDLT and re-think its housing policy. A real change is needed. 


Our research reports

You can download the reports here:

Bank of Mum and Dad research

We looked at how families approach parental help when buying a property, creating a range of guides to help both parents and adult children through every step of the journey.