Big FTB fixed rate reductions plus other increases

13/02/2026

On Tuesday 17 February, we're making some big reductions to some of our first time buyer fixed rates, including FTB new build. Selected higher LTV residential home mover and large loan fixed rates are also going down. We're increasing some residential and Buy to Let fixed rates.

In our product transfer range, we’re withdrawing a residential 60% LTV 5 year fixed rate plus increasing some other residential 5 and 7 year fixed rates.

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

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New business

Fixed rate reductions

  • FTB inc. new build - all 85%, 90% and 95% LTV 2, 3 and 5 year fixed rates reducing by up to 0.32%.
  • Residential home mover inc. new build - all 85% and selected 90% LTV 2 year fixed rates reducing by up to 0.08%.
  • Large loans – home mover - 60% and 75% LTV 2 year fixed rates reducing by 0.27%. 60% LTV 5 year fixed rate reducing by 0.06%.
  • Large loans – remortgage - 60% and 75% LTV 2 year fixed rates reducing by up to 0.27%. 60% LTV 5 year fixed rate reducing by 0.06%.

Fixed rate increases

  • Residential home mover inc. new build - all 60% LTV 2 year fixed rates increasing by 0.07%. All 60%, 75%, 85% and 90% LTV 5 year fixed rates increasing by up to 0.07%.
  • Residential remortgage - selected 60% LTV 2 year fixed rates increasing by up to 0.03%. All 60%, 75%, 85% and 90% LTV 5 year fixed rates increasing by up to 0.07%.
  • BTL remortgage - all 60% and 65% LTV 5 year fixed rates increasing by 0.04%.

Product transfers

Fixed rate withdrawals

  • Residential - 60% LTV 5 year fixed rate at 3.75% with a £1,999 fee is being withdrawn (F900P).

Fixed rate increases

  • Residential - 75%, 80%, 85% and 90% LTV 5 year fixed rates increasing by up to 0.05%. 60% and 75% LTV 7 year fixed rates increasing by up to 0.07%.

If you’d like to change or cancel a new deal for your client:

  • If you haven’t accepted the product transfer offer on behalf of your client yet, you can select a new product in the online mortgage transfer service for your client and a new offer will be issued. Please make sure you accept the correct offer for the deal they wish to book.
  • If you'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 plus all charge end dates and completion deadlines by 1 month. 

Completion deadlines will roll on to:

  • 28 August 2026 for FTB and home movers
  • 31 December 2026 for new build only products
  • 4 September 2026 for remortgages
  • 5 July 2026 for product transfers

Product codes will be replaced across the new business and product transfer ranges.

July product transfer maturities will now be eligible to book a new deal.

Further information

  • You must submit your new business applications and product transfer requests on our current ranges by 10pm on Monday 16 February.
  • Full details of our new business range can be found in the rate bulletin (issue 4) and new build rate bulletin (issue 4) on our latest mortgage rates page on Tuesday 17 February.
  • From Tuesday 17 February 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 17 February 2026) on our latest mortgage rates page.

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