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Residential and BTL fixed rate reductions,
plus new residential remortgage products
On Tuesday 18 November, we’re reducing most new business residential fixed rates by up to 0.29% including new build and large loans. Plus, we’re launching new fixed rates for your 75% LTV residential remortgage clients. We’re also reducing new business BTL fixed rates by up to 0.18%.
In our product transfer range, we’re reducing all residential fixed rates by up
to 0.14%, and BTL fixed rates by up to 0.12%.
There are no changes to our tracker rates.
New business
New products
- Residential remortgage large loan – 75% LTV 5 year fixed rate at 3.92% with a £1,999 fee. Available for loans between £500,000 and £2 million.
- Residential remortgage large loan – 75% LTV 5 year fixed rate at 4.10% with a £2,999 fee. Available for loans between £1.5 million and £5 million.
Fixed rate reductions
- Residential home mover inc. new build – all 60%, 75%, 85%, 90% and 95% LTV 2 year fixed rates reducing by up to 0.14%. All 60%, 75%, 85%, 90% and 95% LTV 3 year fixed rates reducing by up to 0.29%. All 60%, 75%, 85%, 90% and 95% LTV 5 year fixed rates reducing by up to 0.09%.
- FTB inc. new build – all 90% and 95% LTV 2 year fixed rates reducing by up to
0.14%. All 85% and 95% LTV 5 year fixed rates reducing by up to 0.12%. - Home mover & FTB large loan – all 60% LTV 2 and 5 year fixed rates reducing by 0.10%.
- Residential remortgage – all 60%, 75%, 85% and 90% LTV 2 year fixed rates reducing by up to 0.14%. All 60% and 75% LTV 3 year fixed rates reducing by up to 0.12%. All 60%, 75%, 85% and 90% LTV 5 year fixed rates reducing by up to 0.11%.
- Residential remortgage large loan – selected 60% and 75% LTV 2 and 5 year fixed rates reducing by up to 0.10%.
- BTL purchase – all 60% and 75% LTV 2 year fixed rates reducing by up to 0.18%. All 60% and 75% LTV 5 year fixed rates reducing by up to 0.11%.
- BTL remortgage – all 60%, 65% and 75% LTV 2 year fixed rates reducing by up to 0.12%. All 60%, 65% and 75% LTV 5 year fixed rates reducing by up to 0.09%.
Product transfers
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 0.14%. All 60% and 75% LTV 7 year fixed rates reducing by 0.10%.
- BTL – all 60% and 75% LTV 2 year fixed rates reducing by up to 0.12%. All 60% and 75% LTV 5 year fixed rates reducing by up to 0.09%.
For clients who want to change or cancel their new deal.
- If they haven’t accepted their product transfer offer yet, you can select a new product in the online mortgage transfer service for them and a new offer will be issued. Please make sure your client accepts the correct offer for the deal they wish to book.
- If they’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:
- 29 May 2026 for FTB and home mover
- 30 September 2026 for new build only products
- 5 June 2026 for remortgages
- 5 April 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 17 November.
- Full details of our new business range can be found in the rate bulletin (issue 30) and new build rate bulletin (issue 27) on our latest mortgage rates page on Tuesday 18 November.
- From Tuesday 18 November 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 18 November 2025) on our latest mortgage rates page.