New business and product transfer fixed rate increases plus some FTB reductions

On Thursday 28 August we’re increasing some residential and BTL fixed rates in our new business range including large loans. Plus, we’re reducing our 95% LTV 2 year fixed rates for FTBs including new build.

In our product transfer range, we’re increasing some residential and all BTL fixed rates by up to 0.07%.

There are no changes to our tracker rates.

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New business
Fixed rate increases

• Residential home mover – all 60-90% LTV 2 and 5 year fixed rates increasing by up to 0.10%. All 60-75% LTV 10 year fixed rates increasing by 0.07%.
• Residential home mover new build – all 60-90% LTV 2 and 5 year fixed rates increasing by up to 0.10%.
• FTB – all 75-90% LTV 2 and 5 year fixed rates increasing by up to 0.11%. All 60-75% LTV 10 year fixed rates increasing by 0.07%.
• FTB new build – all 75-90% LTV 2 and 5 year fixed rates increasing by up to 0.11%.
• Residential home mover and FTB large loans – all 60% LTV 2 and 5 year fixed rates increasing by 0.07%.
• Residential remortgage – all 60-90% LTV 2 and 5 year fixed rates increasing by up to 0.09%. All 60-75% LTV 10 year fixed rates increasing by 0.07%.
• BTL purchase and remortgage – all 60-75% LTV 2 and 5 year fixed rates increasing by 0.07%.

Fixed rate reductions

• FTB inc. new build – 95% LTV 2 year fixed rates reducing by 0.06%.

Product transfers

• Residential – selected 60-75% LTV 2 and 5 year fixed rates increasing by up to 0.06%. 60% LTV 7 year fixed rate increasing by 0.03%.
• BTL – all 60-75% LTV 2 and 5 year fixed rates increasing by up to 0.07%.

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

• Completion deadlines, benefit end dates and charge end dates will not change in our FTB, home mover, new build only and remortgage ranges.
• Product transfer completion deadlines will roll on to 5 January 2026.
• Fixed rate 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 22) and new build rate bulletin (issue 19). Our latest mortgage rates page will be updated on Thursday 28 August.
• From Thursday 28 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 Wednesday 27 August.