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Temporary withdrawal of all new business rates later today
Due to current market conditions, we’re temporarily withdrawing all our new business residential and Buy to Let fixed and tracker rates at 7.30pm on Monday 12 June. Our product transfer range will still be available.
We’re relaunching our full new business range on Wednesday 14 June.
Further information
- You must submit FMAs for new business products in Rate Bulletin (Issue 13) by 7.30pm on Monday 12 June
- For FMAs submitted after 7.30pm on Monday 12 June, you’ll receive a MATS message telling you to select a new product when the new range is launched on Wednesday 14 June
Reintroduction of new business rates and other increases
On Wednesday 14 June, we’re reintroducing our residential and Buy to Let new business ranges following their temporary withdrawal on Monday 12 June. The new business range will include fixed and tracker rate options. We’re also increasing all residential and Buy to Let fixed rates in the product transfer range.
New business
- A new range of fixed and tracker rates for residential and Buy to Let clients
Product transfers
- All residential fixed rates increasing by between 0.30% and 0.69%
- All Buy to Let rates increasing by 0.20%
- Please log on to our online mortgage transfer service in Introducer Internet to view your client’s choice of rates. You won’t find these on sourcing systems. If you’re happy to use an estimated LTV, you can find the full range in the product transfer rate bulletin on our latest rates page from Wednesday 14 June
- We must receive requests for products in the product transfer rate bulletin (effective 8 June 2023) by 10pm on Tuesday 13 June. They won’t be available after this time
- As our rates are increasing, we don’t expect to see any cancellations for pre-booked deals starting in July. Our usual post acceptance cancellation policy and timescales will apply from Wednesday 14 June. However, if you want to submit a cancellation for a replacement product from the 8 June range, you need to do this by 4pm on Tuesday 13 June
Further information
- Full details of our new business range can be found in Rate Bulletin (Issue 14). You’ll find this on our website from Wednesday 14 June
Deadline extended for submitting product transfer requests to midnight today
Due to a high volume of product transfer business today, we’re extending the deadline for submitting these cases from 10pm today until midnight.
If you’ve experienced issues when submitting a product transfer request today, please try again.