We’ve good news for those clients looking for a large loan; we’re launching four new residential products at 80% & 85% LTV with a maximum loan size of £2million
These new products are available for both your house purchase and remortgage clients from 8am on Wednesday 29 July.
All four products come with a £995 fee, £500 cashback and paid valuation.
For house purchases:
- Two-year fixed rate at 2.33% at 80% LTV
- Two-year fixed rate at 2.75% at 85% LTV
- Two-year fixed rate at 2.31% at 80% LTV
- Two-year fixed rate at 2.70% at 85% LTV
New build products will continue to have a £1million maximum loan limit.
If you’ve already submitted a DIP and want to swap to one of these new products you’ll need to submit a new DIP.
Product rate increases
As part of the launch we’re increasing rates in the 75% to 85% LTV tiers:
75% LTV – all 2, 3 & 5 year term products will increase by 0.25%
80% LTV – all rates will increase by 0.25%
85% LTV – all rates will increase by 0.30%
Plus we’re increasing all our Help-to-Buy products by 0.25% and our 90% LTV portability top-up deals by 0.10%
We’re also withdrawing 13 product from our current 75% to 85% LTV range.
Products to be withdrawn 8pm Tuesday 28 July, new products launched 9am Wednesday 29 July.