We're updating selected rates on our new business mortgage range!

On Tuesday 22 October we’re improving our new business mortgage range by making multiple reductions across purchases and remortgages. Plus, we’re launching a couple of new Help to Buy: equity loan products for first time buyers. These changes mean more of your clients can benefit from these great rates. In addition, we’re increasing rates on a couple of 95% LTV purchase products.

Fixed rate reductions (remortgage and purchase):

  • 60% LTV 2 year fixed rate 1.21% with £999 product fee. Reduced by 0.07%.
  • 60% LTV 5 year fixed rate 1.49% with £999 product fee. Reduced by 0.16%.
  • 75% LTV 2 year fixed rate 1.29% with £999 product fee. Reduced by 0.10%. Plus we’re removing the £250 cashback on the purchase version.
  • 75% LTV 5 year fixed rate 1.59% with £999 product fee. Reduced by 0.10%.
  • 75% LTV 10 year fixed rate 2.34% with £999 product fee. Reduced by 0.15%.

Large loan fixed rate reductions (remortgage and purchase for loans up to £3m):

  • 60% LTV 2 year fixed rate 1.34% with £2,499 product fee. Reduced by 0.10%.
  • 60% LTV 5 year fixed rate 1.69% with £2,499 product fee. Reduced by 0.20%.
  • 75% LTV 2 year fixed rate 1.79% with £2,499 product fee. Reduced by 0.10%.
  • 75% LTV 5 year fixed rate 2.09% with £2,499 product fee. Reduced by 0.10%.

NEW! Help to Buy: equity loan (first time buyer exclusives):

  • 75% LTV 2 year fixed rate 1.85% with £0 product fee, free valuation and £500 cashback.
  • 75% LTV 5 year fixed rate 1.99% with £0 product fee, free valuation and £500 cashback.

Other changes

Rates increased:

  • 95% LTV 2 year fixed rate 2.99% with £0 product fee. Increased by 0.10%. Purchase only.
  • 95% LTV 5 year fixed rate 3.34% with £0 product fee. Increased by 0.10%. Purchase only.

WITHDRAWN:

  • 60% LTV 5 year fixed rate 1.55% with £1,999 product fee. Remortgage.
  • 75% LTV 5 year fixed rate 1.59% with £1,999 product fee. Remortgage.

For full details of our mortgage range please see the Rate Bulletin (Issue 16) which will be available on our website on Tuesday 22 October 2019.

Back