Product transfer fixed rate increases and tax year updates

Fixed rate increases

On Thursday 9 April, we’re increasing most product transfer fixed rates by up to 0.32%. There are no changes to our new business fixed rates or any tracker rates. 

• Product transfer residential – most 60%, 75%, 80%, 85%, 90% and above 90% LTV 1, 2, 3, 5 and 7 year fixed rates are increasing by up to 0.32%.
• Product transfer BTL – all 60% and 75% LTV 2 and 5 year fixed rates are increasing by up to 0.25%. 

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. 

More information

• New business and PT fixed rate product codes and PT tracker codes will be replaced.
• Submit applications and PT requests on our current ranges by 10pm on Wednesday 8 April.
• Rate bulletin (issue 10) and new build rate bulletin (issue 10) will be available on our website on Thursday 9 April.
• Log on to Introducer Internet to view your client’s choice of PT rates on Thursday 9 April. See the product transfer rate bulletin (effective 9 April 2026) on our website.

Tax year changes

On Friday 10 April, we’re updating Scottish tax, dividend and student loan thresholds which means some of your clients may be able to borrow more.

Use the calculators on our website to find out how much your clients could borrow. 

Pipeline rules

• FMAs submitted by 10pm on Thursday 9 April won’t be affected by these changes.
• FMAs submitted from 6am on Friday 10 April will be assessed on the new policy. 
• Material changes to existing applications from 6am on Friday 10 April will also be reassessed on the new policy.