The lender, which also includes Clydesdale and Yorkshire Bank in its group, says its residential standard variable rate will increase 50 basis points to 5.99%.
The move comes after the central bank lifted interest rates by 50 basis points to 1.75% last month, its biggest hike since 1995, which raised the base rate to a fresh 40-year high. It was the sixth rate rise since last December.
The high street lender adds that its loyalty rate, for qualifying residential customers who have held a mortgage on a property for seven years or more, will lift by 50bps to 5.74%. And its buy-to-let variable rate rise by 50bps to 6.19%.
The lender says the revised rates will take effect for new customers from 6 September and from 1 October for existing customers.
The group says at Clydesdale Bank and Yorkshire Bank their residential standard variable rates will increase by 50bps to 5.99%. Their residential offset variable rates rises by 50 bps to 6.20%.
And their buy-to-let revert rates, offset variable investment housing loan rates, all increase 50bps to 6.60%.
The group says the revised rates at these pair of lenders will take effect for new customers from 6 September and for existing customers from their next payment date after 6 September.