New business and product transfer fixed rate increases and some decreases

10/10/2025

On Tuesday 14 October, we’re increasing most residential fixed rates in our new business range. Selected BTL remortgage fixed rates are also increasing with some others going down.

In our product transfer range, we’re increasing selected residential fixed rates. You can find these deals on sourcing systems, making it easier for you to review our PT rates and produce a mortgage illustration for your clients. 

There are no changes to tracker rates or our BTL purchase and BTL product transfer ranges.

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New business

Fixed rate increases

  • FTB – all 85% and 90% LTV 2 and 3 year fixed rates increasing by up to 0.10%. All 85%, 90% and 95% LTV 5 year fixed rates increasing by up to 0.05%. All 75% LTV 10 year fixed rates increasing by 0.10%.
  • FTB – new build – all 85% and 90% LTV 2 and 3 year fixed rates increasing by up to 0.10%. All 85%, 90% and 95% LTV 5 year fixed rates increasing by up to 0.05%.
  • Residential home mover – selected 60%, all 85%, 90% and 95% LTV 2 fixed rates increasing by up to 0.09%. All 60%, 75%, 85%, 90% and 95% LTV 3 year fixed rates increasing by up to 0.10%. All 60%, 85%, 90% and 95% LTV 5 year fixed rates increasing by up to 0.09%. All 60% and 75% LTV 10 year fixed rates increasing by 0.10%.
  • Residential home mover – new build – selected 60%, all 85%, 90% and 95% LTV 2 fixed rates increasing by up to 0.09%. All 60%, 75%, 85%, 90% and 95% LTV 3 year fixed rates increasing by up to 0.10%. All 60%, 85%, 90% and 95% LTV 5 year fixed rates increasing by up to 0.09%.
  • Large loans – FTB, home mover and remortgage - all 60% LTV 2 and 5 year fixed rates increasing by 0.05%.
  • Residential remortgage – most 60% and 75% LTV 2 year fixed rates increasing by up to 0.05%. All 60% and 75% LTV 5 year fixed rates increasing by up to 0.13%.
  • BTL remortgage – all 65% and 75% LTV 5 year fixed rates increasing by 0.06%.

Fixed rate decreases

  • BTL remortgage – all 60% LTV 2 year fixed rates reducing by 0.06%. 

Product transfers

  • Residential fixed rates - selected 60% and 75% LTV 2 year fixed rates increasing by 0.02%. All 60% LTV 5 year fixed rates increasing by up to 0.05%. Selected 75% LTV 5 year fixed rates increasing by 0.02%.

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:
    • 30 April 2026 for FTB and home mover
    • 28 August 2026 for new build only products
    • 8 May 2026 for remortgages
    • 5 March 2026 for product transfers
  • Product codes will be replaced across the new business and product transfer ranges.

Further information

  • You must submit your new business applications and product transfer requests on our current ranges by 10pm on Monday 13 October.
  • Full details of our new business range can be found in the rate bulletin (issue 26) and new build rate bulletin (issue 23) on our latest mortgage rates page on Tuesday 14 October.
  • From Tuesday 14 October you can log on to our online mortgage transfer service in Introducer Internet to view your client’s choice of product transfer rates. Full details can be found in the product transfer rate bulletin (effective 14 October 2025) on our latest mortgage rates page. 

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