Residential and BTL product changes
We’re making changes to both our residential and BTL product ranges this week. The details are set out below.
We’re withdrawing 6 BTL products from our range
We’re withdrawing 6 BTL products at 60% & 65% LTV at 6pm on Tuesday 9 February at 6pm.
The six products are: 501155, 501153,103279, 501154, 501156 and 103278
There are no other changes to the BTL product range.
New products and rate reductions across our residential product range
We’re pleased to let you know that from Thursday 11 February we’re re-entering the 75% & 80% LTV market, plus cutting rates on our 85%,90% LTV and HTB products.
New residential products
We’re returning to the 75% and 80% LTV residential mortgage market this week as promised, with a range of competitive products.
Residential rates going down
- We’re cutting rates at 85% LTV by up to 0.15%
- Rates at 90% LTV are being cut by up to 0.21%
- Help to Buy and porting top-up rates are also being reduced
Residential products being withdrawn and not replaced
As the deadline passed in December for applications to Homes England for the first Help to Buy Scheme, we’re withdrawing the products related to this scheme and will no longer accept applications on this scheme. Our 2021-2023 Help to Buy products will continue to be available.
Residential deals not changing
None – to give residential clients better value for longer we’re extending the product end dates to June.
The current range of products will be withdrawn at 8pm on Wednesday 10 February and replaced at 9am on Thursday 11 February