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Santander notice of interest rate change


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Hi All,

 

I have a mortgage with Santander. I have just received a letter saying that my payment will increase due to the increase in BOE rate. That's fine but it's just arrived today for the payment that's due tomorrow! I pay by Standing order and already paid this month.

 

Don't they have to give a little bit more notice than that? the letter is only dated Sept 2018 (no actual date!)

 

I know it's not a massive increase at the moment, but if it was the notice given wouldn't be enough. Is there some rule about this?

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