New business and product transfer fixed rate increases

10/09/2025

On Friday 12 September we’re increasing most residential and BTL fixed rates in our new business range.

In our product transfer range, we’re increasing selected residential fixed rates by up to 0.09% and selected BTL fixed rates by up to 0.05%.

There are no changes to our tracker rates.

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New business
Fixed rate increases

  • Residential home mover – all 60-95% LTV 2, 3 and 5 year fixed rates increasing by up to 0.13%. All 60-75% LTV 10 year fixed rates increasing by up to 0.08%.
  • Residential home mover new build – all 60-95% LTV 2, 3 and 5 year fixed rates increasing by up to 0.13%.
  • FTB – all 75-95% LTV 2 year fixed rates increasing by up to 0.11%. All 60-95% LTV 3 and 5 year fixed rates increasing by up to 0.12%. All 60-75% LTV 10 year fixed rates increasing by up to 0.11%.
  • FTB new build – all 75-95% LTV 2 year fixed rates increasing by up to 0.11%. All 60-95% LTV 3 and 5 year fixed rates increasing by up to 0.12%.
  • Residential home mover and FTB large loans – all 60% LTV 2 and 5 year fixed rates increasing by 0.10%.
  • Residential remortgage – 60% LTV 2 year fixed rates increasing by up to 0.10%. All 60-75% LTV 3, 5 and 10 year fixed rates increasing by up to 0.11%. 
  • Residential remortgage large loans – all 60% LTV 2 and 5 year fixed rates increasing by 0.05%.
  • BTL purchase – all 60-75% LTV 2 and 5 year fixed rates increasing by 0.10%.
  • BTL remortgage – all 60-75% LTV 2 and 5 year fixed rates increasing by up to 0.07%.

Product transfers

  • Residential – all up to 60% LTV 2, 3, 5 and 7 year fixed rates increasing by up to 0.09%. All 60.01-75% LTV 5 and 7 year fixed rates increasing by up to 0.08%. 
  • BTL – all up to 60% LTV 2 and 5 year fixed rates increasing by 0.04%. All 60.01-75% LTV 2 and 5 year fixed rates increasing by 0.05%.

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:
    • 31 March 2026 for FTB and home mover
    • 31 July 2026 for new build only products
    • 8 April 2026 for remortgages
    • 5 February 2026 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 23) and new build rate bulletin (issue 20). Our latest mortgage rates page will be updated on Friday 12 September.
  • From Friday 12 September 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 applications on our current range by 10pm on Thursday 11 September.

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