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Launch of more new build products, BTL withdrawals plus new fixed rates and reductions
On Tuesday 6 May we’re launching new products to support your FTB and home mover clients. We’re expanding our new build exclusive range by adding 2 and 5 year fixed rates plus 2 year trackers across all LTVs. All new build only products come with a 9 month completion deadline. We’re introducing new residential 85–95% LTV 3 year fixed rates for FTBs and home movers. These come with a free standard valuation and £250 cashback.
We’re reducing most standard residential FTB fixed rates by up to 0.12% and home mover fixed rates by up to 0.20%. Most 2, 3 and 5 year remortgage fixed rates are reducing by up to 0.14%. Plus, all 60% LTV 2 and 5 year large loan fixed rates are reducing by 0.10%.
In our new business BTL remortgage range we’re introducing new 70% LTV 2 and 5 year fixed rates. We’re withdrawing our BTL purchase 65% LTV 2 and 5 year fixed rates. Some BTL purchase fixed rates are reducing by up to 0.05% and most BTL remortgage fixed rates are reducing by up to 0.12%.
In our product transfer range, residential fixed rates are reducing by up to 0.13% and BTL fixed rates are reducing by up to 0.12%.
There are no changes to our tracker rates