Affordability rates increasing plus fixed rates going up

25/03/2026

On Friday 27 March, in response to current market conditions, we’re increasing our new business and product transfer fixed rates by up to 0.53%. 

As our pay rates are going up, we also need to increase some residential and Buy to Let affordability rates to continue to lend responsibly and in line with regulatory requirements. 

Importantly, our loan to income limits remain unchanged, maintaining consistency in how we support your clients’ borrowing needs.

Affordability rate increases

  • Minor changes to our residential affordability rates. Our standard and 5 year fixed affordability rates aren’t changing. 
  • All our Buy to Let affordability rates are going up by 0.50%:
    • Standard BTL affordability rate increasing to 7.50% from 7.00%.
    • 5 year fixed BTL affordability rate increasing to 5.50% from 5.00%.
    • £4£ remortgage BTL affordability rate increasing to 5.50% from 5.00%.

Pipeline rules

  • FMAs submitted by 10pm on Thursday 26 March won’t be affected by these changes.
  • FMAs submitted from 6am on Friday 27 March will be assessed on new policy. 
  • Material changes to existing applications from 6am on Friday 27 March will also be reassessed on new policy.

Further information

Use our affordability, quick quote and Buy to Let calculators from Friday 27 March to find out how much your clients could borrow.  

Fixed rate increases

  • New business residential and BTL – all fixed rates increasing by up to 0.41%.
  • Product transfer residential and BTL – all fixed rates increasing by up to 0.53%.
  • No increases to tracker rates.

Please visit our product transfers page for more detail about how to view and submit a request plus how to change or cancel a new deal for your client. 

Further information

  • Fixed rate product codes will be replaced across the new business and product transfer ranges.
  • Submit applications and product transfer requests on our current ranges by 10pm on Thursday 26 March.
  • Rate bulletin (issue 9) and new build rate bulletin (issue 9) will be available on our website on Friday 27 March.
  • Log on to Introducer Internet to view your client’s choice of product transfer rates on Friday 27 March. See the product transfer rate bulletin (effective 27 March 2026) on our website.

Back to News