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Some residential fixed rate increases plus
other residential and BTL reductions
On Wednesday 30 July we’re increasing some residential home mover and FTB fixed rates. Plus, we’re reducing selected new business residential fixed rates and BTL remortgage fixed rates.
Highlights include our 60-75% LTV 2 year fixed rate for home movers starting from 3.73% with a £999 fee.
In our product transfer range, residential and BTL fixed rates are reducing by up to 0.08%.
There are no changes to our large loans, BTL purchase rates or tracker rates.
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New business
Fixed rate increases
- Residential home mover inc. new build – selected 85-95% LTV 5 year fixed rates increasing by up to 0.11%
- FTB inc. new build – selected 85-95% LTV 5 year fixed rates increasing by up to 0.12%
Fixed rate reductions
- Residential home mover inc. new build – selected 60-75% LTV 2 year fixed rates reducing by up to 0.06%
- Residential remortgage – selected 60-85% LTV 2 and 5 year fixed rates reducing by up to 0.08%
- BTL remortgage – all 60% LTV 2 year fixed rates reducing by 0.05%
Product transfers
- Residential – selected 60-85% LTV 2 and 5 year fixed rates reducing by up to 0.08%
- BTL – all 60% LTV 2 year fixed rates reducing by 0.05%
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 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
- Completion deadlines, benefit end dates and charge end dates will not change in our FTB, home mover, new build only and remortgage ranges.
- Product transfer completion deadlines will roll on to 5 December 2025.
- Fixed rate product codes will be replaced across the new business and product transfer ranges.
Further information
- Full details of our new business range can be found in the rate bulletin (issue 19) and new build rate bulletin (issue 16). Our latest mortgage rates page will be updated on Wednesday 30 July.
- From Wednesday 30 July you can log on to our online mortgage transfer service in Introducer Internet to view your client’s choice of product transfer rates. You won’t find these on sourcing systems.
- You must submit your new business and product transfer applications on our current ranges by 10pm on Tuesday 29 July.