Rate reductions and product withdrawals

On Tuesday 23 July 2019 we’re reducing selected fixed rate products for residential, including Help to Buy and new build as well as Buy to Let (BTL).

Residential 2 year fixed rate reductions

o 75% LTV 2 year fixed rate 1.84% with £0 product fee. Rate reduced by 0.05%. Purchase and remortgage.
o 95% LTV 2 year fixed rate 2.89% with £0 product fee. Rate reduced by 0.05%. Purchase only. 

Residential 5 year fixed rate reductions
o 60% LTV 5 year fixed rate 1.79% with £999 product fee. Rate reduced by 0.05%. Purchase and remortgage.
o 60% LTV 5 year fixed rate 1.94% with £0 product fee. Rate reduced by 0.05%. Purchase and remortgage.
o 75% LTV 5 year fixed rate 1.84% with £999 product fee. Rate reduced by 0.05%. Purchase and remortgage.
o 75% LTV 5 year fixed rate 2.04% with £0 product fee. Rate reduced by 0.05%. Purchase and remortgage.
o 95% LTV 5 year fixed rate 3.24% with £0 product fee. Rate reduced by 0.05%. Purchase only.

Residential new build rate reduction (purchase only)

o 75% LTV new build exclusive 2.5 year fixed rate 1.59% with £999 product fee. Rate reduced by 0.10%.

Residential Help to Buy rate reductions (purchase only)

o 75% LTV 2 year fixed rate 1.54% with £999 product fee. Rate reduced by 0.05%.
o 75% LTV 2.5 year fixed rate 1.59% with £999 product fee and £250 cashback. Rate reduced by 0.10%.
o 75% LTV 5 year fixed rate 1.94% with £999 product fee and £250 cashback. Rate reduced by 0.05%.
o 75% LTV 5 year fixed rate 2.09% with £0 product fee and £250 cashback. Rate reduced by 0.05%.

BTL 2 year fixed rate reductions (purchase and remortgage)

o 60% LTV 2 year fixed rate 1.49% with £1499 product fee. Rate reduced by 0.05%. Purchase and remortgage.
o 60% LTV 2 year fixed rate 2.04% with £0 product fee. Rate reduced by 0.15%. Purchase and remortgage.
o 75% LTV 2 year fixed rate 2.29% with £0 product fee. Rate reduced by 0.05%. Purchase and remortgage

BTL 5 year fixed rate reductions (purchase and remortgage)

o 60% LTV 5 year fixed rate 1.99% with £1499 product fee. Rate reduced by 0.05%. Purchase and remortgage.
o 60% LTV 5 year fixed rate 2.24% with £0 product fee. Rate reduced by 0.10%. Purchase and remortgage.
o 75% LTV 5 year fixed rate 2.29% with £1499 product fee. Rate reduced by 0.10%. Purchase and remortgage.
o 75% LTV 5 year fixed rate 2.59% with £0 product fee. Rate reduced by 0.10%. Purchase and remortgage.

We’re also withdrawing selected fixed rate products:

Withdrawals

o 70% LTV 2 year fixed rate 1.69% with £1999 product fee. Purchase and remortgage.
o 75% LTV Help to Buy: equity loan 2 year fixed rate 1.64% with £999 product fee and £250 cashback. Purchase only.
o 75% LTV Help to Buy: equity loan 2.5 year fixed rate 2.04% with £0 product fee and 250 cashback. Purchase only.

Further information

o Product early repayment charges may apply, plus any benefit package cashback or paid standard legal fees.

o Charge and benefit end dates and the completion deadlines on our range will move on.

o Fixed product codes will be replaced.

o Full applications on all amended products must be submitted by midnight on Monday 22 July 2019 in order to secure a booking on these products.

For full details of our mortgage range please see the Rate Bulletin (Issue 10) which will be available on our website on Tuesday 23 July 2019.

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