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New business and product transfer fixed rate reductions plus some large loan withdrawals
On Wednesday 21 January, we’re reducing some new business residential and Buy to Let fixed rates. Plus, we’re withdrawing our large loan tracker rates for first time buyers.
In our product transfer range, we’re also reducing some residential and Buy to Let fixed rates.
There are no changes to our home mover and remortgage large loan ranges, our BTL purchase range or our standard tracker rates.
New business
Fixed rate withdrawals
- FTB large loan – 60% LTV 2 year tracker rate with a £1,999 fee (VE41V).
- FTB large loan – 75% LTV 2 year tracker rate with a £1,999 fee (VE42V).
Fixed rate reductions
- Residential home mover inc. new build – all 60% and 95% LTV 5 year fixed rates reducing by up to 0.10%.
- FTB inc. new build – all 85%, 90% and 95% LTV 5 year fixed rates reducing by
0.06%. - Residential remortgage – 60% LTV 2 year fixed rate with a £1,999 fee reducing by 0.01%. All 60% and 75% LTV 5 year fixed rates reducing by up to 0.07%.
- BTL remortgage – all 60%, 65% and 75% LTV 2 year fixed rates reducing by up to 0.04%. All 60% and 65% LTV 5 year fixed rates reducing by up to 0.04%.
Product transfers
Fixed rate reductions
- Residential – 75% LTV 2 year fixed rate with a £1,999 fee reducing by 0.01%. All 60% and 75% LTV 5 and 7 year fixed rates reducing by up to 0.07%.
- BTL – all 60% LTV 5 year fixed rates reducing by 0.03%.
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.
Further information
You must submit your new business applications and product transfer requests on our current ranges by 10pm on Tuesday 20 January.
Full details of our new business range can be found in the rate bulletin (issue 2) and new build rate bulletin (issue 2) on our latest mortgage rates page on Wednesday 21 January.
From Wednesday 21 January 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 21 January 2026) on our latest mortgage rates page.