Residential and BTL fixed rate increases and reductions plus new purchase cashback

08/08/2025

On Tuesday 12 August we’re increasing some fixed rates across our new business residential and Buy to Let ranges while reducing some residential fixed rates. Plus, we’re adding £250 cashback on all 60-75% LTV residential purchase fixed rates including new build and large loans.

In our product transfer range, some residential fixed rates are reducing by up to 0.08%.

There are no changes to our BTL remortgage or BTL product transfer fixed rates.

The pay rates on all our new business and product transfer trackers are going down by 0.25% to reflect the recent Bank of England base rate decrease from 4.25% to 4.00%. 

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New business
Fixed rate increases

  • Residential home mover – all 60% and selected 90-95% LTV 2 year fixed rates increasing by up to 0.10%. All 3 year fixed rates increasing by up to 0.12%. All 60% and 95% LTV 5 year fixed rates increasing by up to 0.05%. All 10 year fixed rates increasing by 0.05%.
  • FTB – all 60%, 90% and 95% LTV 2 year fixed rates increasing by up to 0.10%. All 3 year fixed rates increasing by up to 0.10%. All 60% and 95% LTV 5 year fixed rates increasing by up to 0.08%. All 10 year fixed rates increasing by 0.05%.
  • Residential home mover new build – all 60% and selected 90-95% LTV 2 year fixed rates increasing by up to 0.10%. All 3 year fixed rates increasing by up to 0.12%. All 60% and 95% LTV 5 year fixed increasing by up to 0.05%.
  • FTB new build – all 60%, 90% and 95% LTV 2 year fixed rates increasing by up to 0.10%. All 3 year fixed rates increasing by up to 0.10%. All 60% and 95% LTV 5 year fixed rates increasing by up to 0.08%.
  • Large loans – all 2 and 5 year fixed rates increasing by 0.10%.
  • BTL purchase – all 2 year fixed rates increasing by up to 0.05%.

Fixed rate reductions

  • Residential home mover inc. new build – all 75% and 85% LTV 2 year fixed rates reducing by up to 0.11%. Selected 75%, all 85% and 90% LTV 5 year fixed rates reducing by up to 0.12%.
  • FTB inc. new build – all 75% and 85% LTV 2 year fixed rates reducing by up to 0.10%. All 75% and 90% LTV 5 year fixed rates reducing by up to 0.06%.
  • Residential remortgage – selected 60% and all 75% LTV 2 year fixed rates reducing by up to 0.04%. All 60% LTV 5 year fixed rates reducing by up to 0.08%.

Product transfers

  • Residential – selected 60% and all 75% LTV 2 year fixed rates reducing by up to 0.04%. All 60% LTV 5 year fixed 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 and it hasn't yet started, 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 ‘How to change or cancel a pre-booked deal’ section on the Product transfers page.

Whilst a product transfer is pending, your client can't 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:
    • 27 February 2026 for FTB and home mover
    • 30 June 2026 for new build only products
    • 6 March 2026 for remortgages
    • 5 December 2025 for product transfers (no change) - the completion deadline roll on to 5 January 2026 will take place later in August
  • 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 20) and new build rate bulletin (issue 17). Our latest mortgage rates page will be updated on Tuesday 12 August.
  • From Tuesday 12 August 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 11 August.

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