New business and product transfer fixed rates going down plus large loan changes
23/10/2025
On Monday 27 October, we’re reducing most residential and Buy to Let fixed rates in our new business range. All fixed and tracker rates in our remortgage range with a £999 fee will have a minimum loan size of £25,000. We’re also withdrawing our 60% LTV remortgage large loan 2 year fixed rate.
Plus, we’re introducing new 60% and 75% LTV remortgage large loan 2 year fixed rates with minimum and maximum loan sizes.
There are no changes to our FTB large loan range.
In our product transfer range, we’re reducing most residential and all Buy to Let fixed rates. Plus, we’re introducing a new residential large loan 2 year fixed rate.
Want an early heads up?
Hear about our product launches first on LinkedIn. Why not follow us now for the latest updates?
New business
Product withdrawal
- Large loan – remortgage – 60% LTV 2 year fixed rate at 4.47% with a £1,999 product fee (MW88R).
New products
- Large loan – remortgage – 60% and 75% LTV 2 year fixed rates starting from 3.73%. New range available for a minimum loan of £500,000 or £1.5 million up to a maximum of £5 million. Product fees starting from £1,999.
Fixed rate decreases
- FTB inc. new build – all 85% and 90% LTV 2 and 5 year fixed rates reducing by up to 0.16%.
- Residential home mover inc. new build – all 60%, 75%, 85% and 90% LTV 2 and 5 year fixed rates reducing by up to 0.21%. All 60% and 75% LTV 3 year fixed rates reducing by up to 0.36%.
- Large loans – home mover – all 60% LTV 2 and 5 year fixed rates reducing by 0.10%.
- Large loans – remortgage – 60% LTV 5 year fixed rate reducing by 0.10%.
- Residential remortgage – all 60%, 75%, 85% and 90% LTV 2 and 5 year fixed rates reducing by up to 0.13%. 60% LTV 3 year fixed rate with a £999 fee reducing by 0.08%. Minimum loan size £25,000 applies to all standard remortgage fixed and tracker rates with a £999 fee.
- BTL purchase – all 60% and 75% LTV 2 and 5 year fixed rates reducing by 0.05%.
- BTL remortgage – all 60%, 65% and 75% LTV 2 and 5 year fixed rates reducing by up to 0.10%.
Product transfers
New products
- Residential fixed rates – 60% and 75% LTV 2 year fixed rate at 3.73% with a £1,999 product fee. Minimum loan size £150,000.
Fixed rate decreases
- Residential fixed rates – most 60%, 75%, 80%, 85% and 90% LTV 2 year fixed rates reducing by up to 0.08%. Some 60% and 90% LTV 5 year fixed rates reducing by up to 0.08%.
- Buy to Let fixed rates – all 60% and 75% LTV 2 and 5 year fixed rates reducing by up to 0.09%.
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.
Further information
- You must submit your new business applications and product transfer requests on our current ranges by 10pm on Sunday 26 October.
- Full details of our new business range can be found in the rate bulletin (issue 27) and new build rate bulletin (issue 24) on our latest mortgage rates page on Monday 27 October.
- From Monday 27 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 27 October 2025) on our latest mortgage rates page.