Improvements to our new business range

On Tuesday 17 November, we’re reducing selected residential, Help to Buy and Buy to Let rates by up to 0.31%; and launching new 60% LTV fixed rates with £1,499 fee for loans up to £1.5m.

Residential changes

Reductions

  • 60% LTV 2 year fixed at 1.25% with £999 fee – remortgage decreased by 0.04%
  • 60% LTV 2 year fixed at 1.28% with £999 fee – purchase decreased by 0.31%
  • 75% LTV 2 year fixed at 1.49% with £999 fee – remortgage decreased by 0.05%
  • 75% LTV 2 year fixed at 1.59% with £999 fee - purchase decreased by 0.25%
  • 60% LTV 5 year fixed at 1.43% with £999 fee – purchase decreased by 0.21%
  • 60% LTV 5 year fixed at 1.41% with £999 fee – remortgage decreased by 0.03%
  • 75% LTV 5 year fixed at 1.69% with £999 fee – remortgage decreased by 0.05%

Large loan reductions – purchase and remortgage

  • 60% LTV 2 year fixed at 1.49% with £2,499 fee – decreased by 0.20%
  • 75% LTV 2 year fixed at 1.84% with £2,499 fee – decreased by 0.10%
  • 60% LTV 5 year fixed at 1.69% with £2,499 fee – decreased by 0.05%

New products with £1,499 fee – max loan size £1.5m

  • 60% LTV 2 year fixed at 1.18% with £1,499 fee – purchase
  • 60% LTV 2 year fixed at 1.14% with £1,499 fee – remortgage
  • 60% LTV 5 year fixed at 1.38% with £1,499 fee – purchase
  • 60% LTV 5 year fixed at 1.30% with £1,499 fee – remortgage

Help to Buy reductions – purchase only

  • 60% LTV 2 year fixed at 1.39% with £999 fee – decreased by 0.25%
  • 60% LTV 2 year fixed at 1.89% with £0 fee – decreased by 0.10%
  • 60% LTV 5 year fixed at 1.80% with £999 fee – decreased by 0.09%
  • 60% LTV 5 year fixed at 1.97% with £0 fee – decreased by 0.12%
  • 75% LTV 2 year fixed at 1.83% with £999 fee – decreased by 0.11%
  • 75% LTV 2 year fixed at 2.19% with £0 fee – decreased by 0.05%
  • 75% LTV 5 year fixed at 2.24% with £0 fee – decreased by 0.15%

Buy to Let reductions – purchase and remortgage

  • 60% LTV 2 year fixed at 1.54% with £1,499 fee – decreased by 0.10%
  • 75% LTV 2 year fixed at 1.69% with £1,499 fee – decreased by 0.10%
  • 75% LTV 2 year fixed at 2.34% with £0 fee – decreased by 0.05%
  • 60% LTV 5 year fixed at 2.16% with £0 fee – decreased by 0.13%
  • 75% LTV 5 year fixed at 2.09% with £1,499 fee – decreased by 0.05%
  • 75% LTV 5 year fixed at 2.39% with £0 fee – decreased by 0.30%

Further information

  • Product early repayment charges may apply, plus the repayment of any benefit package cashback or paid standard legal work.
  • Charge and benefit end dates and the completion deadlines on our range will move on.
  • Fixed rate product codes will be replaced.

For full details of our new business mortgage range please see the Rate Bulletin (Issue 24) which will be available on our website on Tuesday 17 November.

 

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