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Financial Services Compensation Scheme

The Financial Services Compensation Scheme (FSCS) protection limit

The FSCS is the UK’s compensation fund for customers of authorised financial firms. It pays compensation to savers if their bank or building society can’t meet its financial obligations.

The protection limit for your savings is £85,000. For full information about the coverage and exclusions, please click the link below:

Effective 31 December 2020 – FSCS Information Sheet

For further information, please visit the FSCS website www.FSCS.org.uk

 

 

 

 

Bank of England Base Rate

On 1st August 2024 the Bank of England’s Monetary Policy Committee (MPC) met and decided to decrease the Bank Base Rate by 0.25% to 5.00%.

Following this change, Base Rate tracker mortgages will be decreased by 0.25% from the 1st September 2024.

Please bear with us – our telephone lines may be busier than usual as we help our customers.

If you have any concerns about financial difficulty, please contact the Mortgage Services Team on 01664 414141 so we can help support you.