Competitive higher LTV purchase fixed rates and other fixed rate reductions

16/06/2025

On Wednesday 18 June we’re reducing some residential purchase 2 and 5 year fixed rates at 85-95% LTV. If you’re looking for a great deal for your purchase clients at a higher LTV, take a look at our competitive range. Highlights include our 90% LTV home mover 5 year fixed rate with a £999 fee and £250 cashback at 4.40%. And for your FTB clients, it’ll be 4.47%.

We’re also reducing 2 and 5 year remortgage fixed rates by up to 0.10%. 

There are no changes to our new business large loan rates, trackers or Buy to Let (BTL) products.

For product transfers, selected residential and BTL 2 and 5 year fixed rates are reducing by up to 0.10%.  

Want an early heads up?

Hear about our product launches first on LinkedIn. Why not follow us now for the latest updates?

New business

Fixed rate reductions

  • Residential home mover – most 85-95% LTV 2 and 5 year fixed rates reducing by up to 0.12%.
  • Residential home mover new build – most 85-95% LTV 2 and 5 year fixed rates reducing by up to 0.12%.
  • FTB – all 85-90% LTV 2 and 5 year fixed rates reducing by up to 0.15%. 95% LTV 5 year fixed rate reducing by 0.22% to 4.85% with no fee and £250 cashback.
  • FTB new build – all 85-90% LTV 2 and 5 year fixed rates reducing by up to 0.15%. 95% LTV 5 year fixed rate reducing by 0.22% to 4.85% with no fee and £250 cashback.
  • Residential remortgage – selected 60-90% LTV 2 and 5 year fixed rates reducing by up to 0.10%.

Product transfers

  • Residential – all 90% LTV 2 and 5 year fixed rates reducing by 0.10%.
  • BTL – all 60% LTV 2 year fixed rates reducing by 0.09%.

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 December 2025 for FTB and home mover
    • 30 April 2026 for new build only products
    • 2 January 2026 for remortgages
    • 5 November 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 15) and new build rate bulletin (issue 13). Our latest mortgage rates page will be updated on Wednesday 18 June.
  • From Wednesday 18 June 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 Tuesday 17 June.

Back to News