Sub 4% fixed rates for home movers plus other reductions

15/04/2025

On Thursday 17 April, we’re bringing back sub 4% fixed rates for home movers from 3.97% for a 2 year fixed rate and 3.99% for a 3 year fixed rate, both at 60% LTV. 

We’re reducing most standard FTB fixed rates by up to 0.17% and home mover fixed rates by up to 0.13%. Most remortgage 2 year fixed rates are reducing by up to 0.18% and some 5 year fixed rates are reducing by up to 0.12%. Plus, we’re reducing all new build FTB fixed rates by up to 0.21% and some new build home mover fixed rates by up to 0.09%.

All BTL purchase fixed rates are reducing by up 0.11% and all BTL remortgage fixed rates are reducing by up to 0.16%.

There are no changes to our large loan or tracker rates.

In our product transfer range, residential fixed rates are reducing by up to 0.18% and BTL fixed rates are reducing by up to 0.16%.

Please note: we offer separate new business FTB and home mover product ranges. Where one applicant is a FTB and the other 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. One way to find the products available to your client is by using the ‘Client type’ drop down on the ‘Latest mortgage rates’ page.

New business

Fixed rate reductions 

  • Residential home mover – 60% LTV 2 year fixed rate at 3.97% and 60% LTV 3 year fixed rate at 3.99% both with a £999 fee.
  • Residential home mover – all 60-95% LTV 2 year fixed rates reducing by up to 0.13%.
  • Residential home mover - all 60-75% LTV 3 year fixed rates reducing by up to 0.09%.
  • Residential home mover - some 85% and 95% LTV 5 year fixed rates reducing by 0.03%.
  • Residential home mover new build – some 60-75% LTV and 90% LTV 3 year fixed rates reducing by up to 0.09%.
  • FTB - all 60–95% LTV 2 year fixed rates reducing by up to 0.15%.
  • FTB - all 60-75% LTV 3 year fixed rates reducing by up to 0.17%.
  • FTB - some 85-95% LTV 5 year fixed rates reducing by up to 0.16%.
  • FTB new build – all 60-95% LTV 3 year fixed rates reducing by up to 0.21%.
  • Residential remortgage – all 60-90% LTV 2 year fixed rates reducing by up to 0.18%.
  • Residential remortgage - all 85-90% LTV 5 year fixed rates reducing by up to 0.12%.
  • BTL purchase – all 60-75% LTV 2 year fixed rates reducing by up to 0.11%.
  • BTL purchase - all 60-65% LTV 5 year fixed rates reducing by 0.07%.
  • BTL remortgage – all 60-75% LTV 2 year fixed rates reducing by up to 0.16%.
  • BTL remortgage - all 60-75% LTV 5 year fixed rates reducing by up to 0.10%.

Product transfers

Fixed rate reductions

  • Residential – all 60-95% LTV 1 year fixed rates reducing by 0.05% and all 60-95% LTV 2 and 3 year fixed rates reducing by up to 0.18%. Plus, all 60-95% LTV 5 year fixed rates reducing by up to 0.14%. All 60-75% LTV 7 year fixed rates reducing by up to 0.10%.
  • BTL – all 60-95% LTV 2 year fixed rates reducing by up to 0.16% and all 60-95% LTV 5 year fixed rates reducing by up to 0.10%.

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:
    • 31 October 2025 for FTB and home mover
    • 4 November 2025 for remortgages
    • 5 September 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 9) and new build rate bulletin (issue 7). Our latest mortgage rates page will be updated on Thursday 17 April.
  • From Thursday 17 April 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 Wednesday 16 April.

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