Further new business and product transfer fixed rate reductions

09/05/2025

On Tuesday 13 May we’re continuing to make fixed rate reductions to support your clients. We’re reducing some residential home mover fixed rates by up to 0.15% and some FTB fixed rates by up to 0.11%. This includes reductions across our new build fixed rates. Plus, some remortgage fixed rates are reducing by up to 0.18%.

In our new business Buy to Let (BTL) range, some purchase fixed rates are reducing by up to 0.07%.

In our product transfer range, most residential fixed rates are reducing by up to 0.14% and most BTL fixed rates are reducing by up to 0.08%.

There are no changes to our tracker rates, large loans or BTL remortgage rates.

New business

Fixed rate reductions 

  • Residential home mover – 95% LTV 2 year fixed rates reducing by up to 0.15%.
  • Residential home mover – selected 60-90% LTV 2, 3 and 5 year fixed rates reducing by up to 0.05%.
  • Residential home mover new build – 95% LTV 2 year fixed rate reducing by 0.15%.
  • Residential home mover new build – selected 60-90% LTV 2, 3 and 5 year fixed rates reducing by up to 0.05%.
  • FTB – selected 60-95% LTV 2, 3 and 5 year fixed rates reducing by up to 0.11%.
  • FTB new build – selected 60-95% LTV 2, 3 and 5 year fixed rates reducing by up to 0.11%.
  • Residential remortgage – selected 60-90% LTV 2, 3 and 5 year fixed rates reducing by up to 0.18%.
  • BTL purchase – selected 60-75% LTV 2 and 5 year fixed rates reducing by up to 0.07%.

Product transfers

Fixed rate reductions

  • Residential – most 60-95% LTV 1, 2, 3, 5 and 7 year fixed rates reducing by up to 0.14%.
  • BTL – most 60-75% LTV 2 and 5 year fixed rates reducing by up to 0.08%.

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. 

Further information

  • Full details of our new business range can be found in the rate bulletin (issue 11) and new build rate bulletin (issue 9). Our latest mortgage rates page will be updated on Tuesday 13 May.
  • From Tuesday 13 May 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 Monday 12 May.

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