Competitive new business and product transfer fixed rate reductions

12/03/2025

On Friday 14 March, we’re reducing most of the fixed rates in our competitive new business range. This includes residential fixed rate reductions of up to 0.25% in our first time buyer range, up to 0.16% for home movers and up to 0.11% in our new build range.

Plus, we're reducing the majority of our residential remortgage fixed rates by up to 0.12% and reducing our 65% LTV BTL remortgage fixed rates by 0.03%.

In our product transfer range, we’re making reductions of up to 0.12% on selected residential fixed rates as well as reductions of 0.03% on 75% LTV Buy to Let fixed rates.

There are no changes to our tracker rates or new business BTL purchase fixed rates.

Please note: we offer separate new business FTB and home mover product ranges since 4 March so you must make sure you’re using the correct product range. Where one applicant is a FTB and the other applicant is a home mover, please enter the home mover as applicant 1 in Introducer Internet. That way the home mover range will correctly display for the product selection in the FMA.

New business

Fixed rate reductions

  • FTB – all 60% - 95% LTV 2, 3 and 5 year fixed rates reducing by up to 0.25%.
  • FTB new build – selected 60% - 95% LTV 3 year fixed rates reducing by up to 0.10%.
  • FTB large loans – all 60% LTV 2 and 5 year fixed rates reducing by 0.05%.
  • Residential home mover – majority of 60% - 95% LTV 2, 3 and 5 year fixed rates reducing by up to 0.16%.
  • Residential home mover new build – majority of 60% - 95% LTV 3 year fixed rates reducing by up to 0.11%.
  • Residential home mover large loans – all 60% LTV 2 and 5 year fixed rates reducing by 0.05%.
  • Residential remortgage – majority of 60% - 90% LTV 2, 3 and 5 year fixed rates reducing by up to 0.12%.  
  • Residential remortgage large loans – all 60% LTV 2 and 5 year fixed rates reducing by 0.05%.
  • BTL remortgage – 65% LTV 5 year fixed rates reducing by 0.03%.

Product transfers

Fixed rate reductions

  • Residential – selected 60% - 90% LTV 1, 2, 3 and 5 year fixed rates reducing by up to 0.12%.
  • BTL – 75% LTV 5 year fixed rates reducing by 0.03%.

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, 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 ‘Product transfer cancellation process’ section on the Product transfers page.

Whilst a product transfer is pending, your client cannot 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

  • Roll on of our new business benefit end date, charge end dates and completion deadlines by 1 month.
  • Completion deadlines will roll on to:
    • 30 September 2025 for FTB and home mover
    • 3 October 2025 for remortgages
    • 5 August 2025 for product transfers
  • 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 6) and new build rate bulletin (issue 5). Our latest mortgage rates page will be updated on Friday 14 March.
  • From Friday 14 March 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 Thursday 13 March.

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