Our fixed rate deals are going down again for your clients

14/07/2025

On Wednesday 16 July we’re bringing you some amazing deals with fixed rate reductions of up to 0.23% across our residential and BTL product ranges. Look out for our 95% LTV 5 year fixed rates with £0 fee and £250 cashback – 4.65% for home movers and 4.70% for FTBs. 

Plus, our product transfer fixed rates are going down by up to 0.16%. 

There are no changes to our tracker rates.

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New business

Fixed rate reductions

  • Residential home mover – all 60-95% LTV 2 year fixed rates reducing by up to 0.17%, 3 year by up to 0.16%, 5 year by up to 0.13% and 10 year by up to 0.15%.
  • Residential home mover new build – most 60-95% LTV 2 year fixed rates reducing by up to 0.17%, 3 year by up to 0.16% and 5 year by up to 0.13%.
  • FTB – all 60-95% LTV 2 year fixed rates reducing by up to 0.18%, 3 year by up to 0.17%, 5 year by up to 0.15% and 10 year by up to 0.23%.
  • FTB new build – all 60-95% LTV 2 year fixed rates reducing by up to 0.18%, 3 year by up to 0.17% and 5 year by up to 0.15%.
  • Residential remortgage – most 60-90% LTV 2 year fixed rates reducing by up to 0.10%, 3 year by up to 0.13%, 5 year by up to 0.10% and 10 year by up to 0.23%.
  • Large loans – all 60% LTV 2 and 5 year fixed rates reducing by 0.10%.
  • BTL purchase – all 60-75% LTV 2 year fixed rates reducing by up 0.21% and 5 year by up to 0.14%.
  • BTL remortgage – all 60-75% LTV 2 year fixed rates reducing by up 0.15% and 5 year by up to 0.06%.

Product transfers

  • Residential – most 60-95% and above 95% LTV 2 year fixed rates reducing by up to 0.08%, 3 year by up to 0.16%, 5 year by up to 0.05% and 7 year by up to 0.10%.
  • BTL – all 60-75% and above 75% LTV 2 year fixed rates reducing by up 0.11% and 5 year by up to 0.06%.

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 and it hasn't started yet, 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 January 2026 for FTB and home mover
    • 29 May 2026 for new build only products
    • 3 February 2026 for remortgages
    • 5 November 2025 for product transfers (no change) - the completion deadline roll on to 5 December 2025 will take place later in the month (target date 30 July)
  • 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 18) and new build rate bulletin (issue 15). Our latest mortgage rates page will be updated on Wednesday 16 July.
  • From Wednesday 16 July 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 15 July.

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