IF announces new rate change

Following the decision by the Monetary Policy Committee to raise the Bank of England base rate by 0.25%, Intelligent Finance is passing on the full 0.25% to all its savings and ISA customers, and is also making the same increase to its mortgage SVR.

Intelligent Finance’s SVR will move from 6.05% to 6.30% APR (variable). Tracker Offset mortgages will start with rates of 4.99%, and the bank’s non-offset tracker mortgages will start with rates will begin at 5.24%.