A handful of banks and building societies will not be upping the rate on their mortgage products after the interest rate rise.
Yesterday the Bank of England increased its base interest rate for the thirteenth time by 0.5 percentage points taking it from 4.5% to 5%.
The move is another blow to people with mortgages as the cost of their homes may increase even more as these are usually linked to the base rate.
"Tracker" mortgages move in line with the base rate, so these become more expensive when the base rate goes up.
Those on a fixed rate will not be impacted by the rise just yet, but will be affected when they come to remortgage.
Those on a standard variable rate (SVR) mortgage would also see their mortgage go up too - but it is down to the lender to pass on the rises.
However, some lenders will not be passing on the latest rise to these borrowers.
Here is the full list on lenders who have confirmed that they will not be passing on the rate rise to their SVR mortgage holders.
Leeds Building Society
Major lender Leeds Building Society has confirmed to The Mirror that it will not be passing on the rate rise to its borrowers on SVRs.
Over the course of the 13 base rate raises over the last 18 months - the building society has only increase its SVR mortgage rates six times.
Leeds Building Society said that the majority of its customers were on fixed-rate products so their rates would remain the same however, customers on tracker mortgages would see a rise automatically.
A Leeds Building Society spokesperson said: “As a mutual, we’re acutely aware of our commitment to borrowers, particularly when times get tough.
"This is the sixth time we have not increased our SVR in response to an increase in Bank Rate since December 2021. We’ll continue to support borrowers and help to put homeownership within reach of more people despite the challenges they face.”
HSBC
HSBC told the Daily Mirror that yesterday's base rate change has not been passed onto their SVR mortgage holders.
However, this will be kept "under review".
HSBC told the Mirror that since December 2021 its SVR mortgage rates have increased by 3.45% compared to the base rate increase of 4.9%.
Again, fixed rate products will remain the same and the increase will only be seen on the tracker rates.
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Virgin Money
Virgin Money told the Mirror that as of right now it had not increased the rates on its SVR mortgage products.
In a statement to the Mirror, a Virgin Money spokesperson said it was thinking of "both savers and borrowers in response to the change.
They said: "We are thinking about both savers and borrowers in response to the Bank of England changes and are looking to provide a fair and balanced outcome for both, but haven't made any changes at this stage.
"We have always aimed to price competitively and will continue to do so."
Santander
Santander has confirmed to the Mirror that its Santander and Alliance & Leicester SVRs will remain unchanged at 7.50% after the base rate rise yesterday.
However, it's Santander and Alliance & Leicester tracker mortgage products, which are linked to the base rate, will increase by 0.5% from the beginning of August.
Coventry Building Society, Nationwide, and TSB have all told the Mirror that its decision was still under review.
The Daily Mirror has also contacted Barclays and Lloyds Banking Group.
We will update this article when we know more.
