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Residential and BTL fixed rate reductions
plus withdrawals and new products
On Tuesday 9 December, we’re reducing some new business residential and Buy to Let fixed rates. We’re launching new fixed rates for residential home movers including large loans. Plus we’re withdrawing our 60% LTV large loan fixed rates for residential home movers and FTBs.
In our product transfer range, we’re reducing residential and BTL fixed rates. Plus we’re launching new £1,999 fee residential fixed rates.
There are no changes to our tracker rates.
New business
Product withdrawals
- Residential home mover large loan – 60% LTV 2 year fixed rate at 4.32% with a £1,999 fee – MZ70H
- Residential home mover large loan – 60% LTV 5 year fixed rate at 4.20% with a £1,999 fee – LA08H
- FTB large loan – 60% LTV 2 year fixed rate at 4.47% with a £1,999 fee – MZ78H
- FTB large loan – 60% LTV 5 year fixed rate at 4.35% with a £1,999 fee – LA16H
New products
- Residential home mover – 60% and 75% LTV 2 and 5 year fixed rates starting from 3.51% with a £1,999 fee and £250 cashback. For loan sizes between £500,000 and £2 million.
- Residential home mover large loan – 60% and 75% LTV 2 and 5 year fixed rates starting from 4.02% with a £2,999 fee and £250 cashback. For loan sizes between £1.5 million and £5 million.
Fixed rate reductions
- Residential home mover inc. new build – selected 75%, 85% and 90% LTV 5 year fixed rates reducing by up to 0.03%.
- FTB inc. new build – all 85% and 90% LTV 2 year fixed rates reducing by up to
0.15%. All 85% LTV 5 year fixed rates reducing by up to 0.05%. - Residential remortgage – selected 60%, 75%, 85% and 90% LTV 2 year fixed rates reducing by up to 0.07%. Selected 60% and 75% LTV 3 year fixed rates reducing by up to 0.02%. Selected 60%, 75% and 90% LTV 5 year fixed rates reducing by up to 0.12%.
- BTL purchase – all 60% and 75% LTV 2 and 5 year fixed rates reducing by up to
0.08%. - BTL remortgage – all 65% and 75% LTV 2 year fixed rates reducing by up to
0.08%. All 60%, 65% and 75% LTV 5 year fixed rates reducing by up to 0.09%.
Product transfers
New products
- Residential – 75% LTV 2 year fixed rate at 3.62% with a £1,999 fee – F803P
- Residential – 60% LTV 5 year fixed rate at 3.71% with a £1,999 fee – F804P
Fixed rate reductions
- Residential – all 60%, 75%, 80%, 85%, 90% and 95% LTV 1, 2, 3 and 5 year fixed rates reducing by up to 0.12%. All 60% and 75% LTV 7 year fixed rates reducing by 0.05%.
- BTL – all 60% and 75% LTV 2 and 5 year fixed rates reducing by up to 0.15%.
If you’d like to change or cancel a new deal for your client:
- If you haven’t accepted the product transfer offer on behalf of your client yet, you can select a new product in the online mortgage transfer service for your client and a new offer will be issued. Please make sure you accept the correct offer for the deal they wish to book.
- If you’ve already accepted their new deal and it hasn’t yet started, you can change to a different deal or cancel the one that’s already booked for them. You must do this at least 14 days before their new deal starts. Please see the ‘How to change or cancel a pre-booked deal’ section on the Product transfers page.
Whilst a product transfer is pending, your client can’t make any other changes to their mortgage until that new deal has started. This includes a switch to interest only for 6 months or a term increase under the Mortgage Charter, and other changes such as overpayments.
Monthly housekeeping
Roll on of our new business benefit end date plus all charge end dates and completion deadlines by 1 month.
Completion deadlines will roll on to:
- 30 June 2026 for FTB and home mover
- 30 October 2026 for new build only products
- 3 July 2026 for remortgages
- 5 May 2026 for product transfers
Product codes will be replaced across the new business and product transfer ranges.
Further information
- You must submit your new business applications and product transfer requests on our current ranges by 10pm on Monday 8 December.
- Full details of our new business range can be found in the rate bulletin (issue 31) and new build rate bulletin (issue 28) on our latest mortgage rates page on Tuesday 9 December.
- From Tuesday 9 December you can log on to our online mortgage transfer service in Introducer Internet to view your client’s choice of product transfer rates. Full details can be found in the product transfer rate bulletin (effective 9 December 2025) on our latest mortgage rates page.