Announcement
Changes to our fixed rates
New Pricing for Digital Products
To enable us to continue to support a wide range of customers with our award winning digital Buy-to-Let proposition, we are introducing a new price point for loans under £150,000. Loans for our digital products will start from 6.74%.
Fixed Rate Changes
- Increases to our fixed rates across our Specialist Buy-to-Let products, now starting from 6.40%
- Increases to our fixed rates across our Commercial and Semi-Commercial products, now starting from 6.69%
Lending Criteria Changes
We will also be temporarily removing wholly Retail Property as acceptable security across our Commercial Investment offering. We will still consider semi-commercial property or multi-unit properties where there is an element of retail in the asset.
These changes reflect the need to make sensible risk appetite adjustments in this fast-moving market. It is important to us that we provide you and your clients with clarity, and we are committed to remaining transparent and supportive during this period of change.