Coventry Update

In line with our commitment, we’re giving you two working days’ notice of product closures

Closures will come into effect from: 8pm Thursday 23rd May

To secure a product, you’ll need to submit the application in full before 8pm on the closure date above. This applies to both new business cases and product transfers.

Any new products will be launched from 8am the date following closure.

Here’s what’s changing:

Residential

New Borrowers

• Reducing all Fixed rates at 65% – 75% LTV
• Increasing all Fixed rates at 85% – 95% LTV (Excl. FTB Exclusive)

Existing Borrowers

• Reducing all 2yr Fixed rates at 65% – 75% LTV with fee
• Reducing all 5yr Fixed rates at 65% – 80% LTV with fee
• Increasing all 2yr, 3yr, & 5yr Fixed rates at 85% – 95% LTV

Buy to Let & Portfolio Buy to Let

New Borrowers

• Increasing all 2yr Fixed rates
• Increasing all 5yr Fixed purchase rates at 65% LTV with no fee
• Increasing all 5yr Fixed purchase rates at 75% LTV
• Increasing all 5yr Fixed remortgage rates with no fee

Existing Borrowers

• Increasing all 2yr Fixed rates
• Increasing all 5yr Fixed rates with no fee
• Increasing all 5yr Fixed rates at 75% LTV with fee

Remember – Pending product transfer paper application requests must be signed and sent back to us within 48 hours of the date of illustration.

We’ve reduced selected rates and expanded our range

As we continue to support your clients in their home ownership journey, we’ve made reductions across all 65% -75% LTV fixed residential rates. Our latest launch also reintroduces 80% LTV new business products to the residential range, including first time buyer exclusive products with £500 cashback.

These changes offer options for your residential clients who are looking to purchase or remortgage, as well as for those ready to product transfer.

Residential range