Residential fixed rates going down

On Tuesday 11 November, we’re reducing most new business residential fixed rates by up to 0.14%. In our residential large loan remortgage range, we're withdrawing a 60% LTV 5 year fixed rate and introducing new products.

In our product transfer range, we’re reducing most residential fixed rates by up to 0.10%. We’re also withdrawing our residential 60% and 75% LTV 2 year fixed rate.

There are no changes to our new business FTB and home mover large loan ranges, or our new business and product transfer BTL and tracker rates.

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New business

Product withdrawal

• Residential remortgage - large loan - 60% LTV 5 year fixed rate at 4.25% with a £1,999 product fee (KX90R).

New products

• Residential remortgage - large loan - 60% LTV 5 year fixed rates starting at 3.90%. 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 reductions

• Residential home mover inc. new build - all 60%, 75%, 85%, 90% and 95% LTV 2 and 5 year fixed rates and all 60% and 75% LTV 3 year fixed rates reducing by up to 0.13%.
• FTB inc. new build - all 90% LTV 5 year fixed rates reducing by up to 0.14%.
• Residential remortgage - all 60%, 75% and 85% LTV 2 and 5 year fixed rates reducing by up to 0.10%. All 60% and 75% LTV 3 year fixed rates reducing by up to 0.14%.
• Residential remortgage - large loan - 60% LTV 2 year fixed rate reducing by 0.01%.

Product transfer

Product withdrawal

• Residential - 60% and 75% LTV 2 year fixed rate at 3.73% with a £1,999 product fee. Minimum loan size £150,000 (F696P).

Fixed rate reductions

• Residential - all 60%, 75%, 80% and 85% LTV 2, 3 and 5 year fixed rates reducing by up to 0.10%.

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 Monday 10 November.
• Full details of our new business range can be found in the rate bulletin (issue 29) and new build rate bulletin (issue 26) on our latest mortgage rates page on Tuesday 11 November.
• From Tuesday 11 November 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 11 November 2025) on our latest mortgage rates page.