Following this afternoon’s BBR increase to 5.25%, we are writing to let you know that we are updating our tracker products. Our replacement tracker products will go live at 09:00am on Friday 4th August 2023.
Please find below a summary of the key changes:
- BBR increased to 5.25%
- Standard Tracker and Green Tracker products updated
- ERC end dates of Tracker products removed
- Due to a 25 bps increase to BBR, stress rates have been changed accordingly
If you have any questions, please let me know.