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Regular updates on our policy and proposition
ONLY FOR USE BY MORTGAGE INTERMEDIARIES
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Product news - September - November
Effective from Friday 1st December 2023
Here’s a full list of the changes with product codes in brackets:
Existing Customer
Core Range
Residential
Rate Changes
2 year fixed rate switcher
[FO42853] 60% LTV, decreasing by 19bps from 5.40% to 5.21%, product fee £0
[FO42852] 60% LTV, decreasing by 21bps from 5.19% to 4.98%, product fee £995
[FO42851] 60% LTV, decreasing by 22bps from 5.30% to 5.08%, product fee £495
[FO42844] 75% LTV, decreasing by 10bps from 5.48% to 5.38%, product fee £0
[FO42843] 75% LTV, decreasing by 26bps from 5.30% to 5.04%, product fee £995
[FO42863] 80% LTV, decreasing by 14bps from 5.75% to 5.61%, product fee £995
[FO42840] 80% LTV, decreasing by 16bps from 6.07% to 5.91%, product fee £0
[FO42864] 85% LTV, decreasing by 16bps from 5.85% to 5.69%, product fee £995
[FO42865] 85% LTV, decreasing by 4bps from 6.07% to 6.03%, product fee £0
[FO42854] 90% LTV, decreasing by 3bps from 5.97% to 5.94%, product fee £995
[FO42867] 100% LTV, decreasing by 5bps from 6.19% to 6.14%, product fee £995
5 year fixed rate switcher
[FO42857] 60% LTV, decreasing by 21bps from 5.11% to 4.90%, product fee £0
[FO42856] 60% LTV, decreasing by 10bps from 4.89% to 4.79%, product fee £995
[FO42855] 60% LTV, decreasing by 10bps from 4.99% to 4.89%, product fee £495
[FO42846] 75% LTV, decreasing by 7bps from 5.17% to 5.10%, product fee £0
[FO42845] 75% LTV, decreasing by 6bps from 4.95% to 4.89%, product fee £995
[FO42859] 80% LTV, decreasing by 20bps from 5.45% to 5.25%, product fee £0
[FO42858] 80% LTV, decreasing by 20bps from 5.29% to 5.09%, product fee £995
[FO42860] 85% LTV, decreasing by 18bps from 5.34% to 5.16%, product fee £995
[FO42861] 85% LTV, decreasing by 22bps from 5.55% to 5.33%, product fee £0
[FO42866] 90% LTV, decreasing by 10bps from 5.65% to 5.55%, product fee £0
[FO42862] 90% LTV, decreasing by 9bps from 5.44% to 5.35%, product fee £995
BTL Standard Switcher Range
Buy To Let
Rate Changes
2 year fixed rate switcher
[FO42838] 60% LTV, decreasing by 32bps from 6.21% to 5.89%, product fee £0
[FO42837] 60% LTV, decreasing by 29bps from 5.88% to 5.59%, product fee £995
[FO42848] 75% LTV, decreasing by 27bps from 6.26% to 5.99%, product fee £0
[FO42839] 75% LTV, decreasing by 14bps from 5.93% to 5.79%, product fee £995
[FO42849] 90% LTV, decreasing by 22bps from 6.46% to 6.24%, product fee £0
5 year fixed rate switcher
[FO42847] 60% LTV, decreasing by 34bps from 5.53% to 5.19%, product fee £0
[FO42850] 60% LTV, decreasing by 40bps from 5.24% to 4.84%, product fee £995
[FO42842] 75% LTV, decreasing by 28bps from 5.62% to 5.34%, product fee £0
[FO42841] 75% LTV, decreasing by 22bps from 5.49% to 5.27%, product fee £995
New Business
No Changes
End dates
There are no changes to end dates
Transitional arrangements
You’ll be able to produce Mortgage Illustrations and submit applications online for existing deals up to 10:30pm on Thursday 30th November 2023.
If you’re unable to submit an application online due to a technical issue that cannot be resolved over the phone, then you must call the Business Development Team on 0345 026 0008 (Relay UK: 18001 0345 026 0008) by midday on Friday 1st December 2023. Requests received after this time will not be considered.
The detail we will require is as follows:
· Your details - name, company and postcode
· Customer name
· Product applying for
· Amount of mortgage loan
· Reason - If you have experienced a technical issue a clear description of the problem encountered with error code (if applicable) must be provided
Once you have spoken to the team, please submit the case through our intermediary website.
For a complete listing of all our mortgage products, please visit the product page on our website.
Effective from Tuesday 28th November 2023
Here’s a full list of the changes with product codes in brackets:
New Business
Core Range
Residential
Rate Changes
2 year fixed rate purchase
[FO42627] 60% LTV, decreasing by 22bps from 5.14% to 4.92%, product fee £1,495
[FO42756] 60% LTV, decreasing by 22bps from 5.19% to 4.97%, product fee £995
[FO42757] 60% LTV, decreasing by 21bps from 5.44% to 5.23%, product fee £0
[FO42753] 75% LTV, decreasing by 16bps from 5.23% to 5.07%, product fee £995
[FO42628] 75% LTV, decreasing by 16bps from 5.18% to 5.02%, product fee £1,495
[FO42727] 75% LTV, decreasing by 18bps from 5.51% to 5.33%, product fee £0
[FO42638] 80% LTV, decreasing by 26bps from 5.54% to 5.28%, product fee £995
[FO42639] 80% LTV, decreasing by 26bps from 5.84% to 5.58%, product fee £0
[FO42629] 80% LTV, decreasing by 26bps from 5.49% to 5.23%, product fee £1,495
[FO42640] 85% LTV, decreasing by 26bps from 5.54% to 5.28%, product fee £995
[FO42641] 85% LTV, decreasing by 26bps from 5.84% to 5.58%, product fee £0
[FO42630] 85% LTV, decreasing by 26bps from 5.49% to 5.23%, product fee £1,495
[FO42718] 90% LTV, decreasing by 5bps from 5.64% to 5.59%, product fee £995
[FO42719] 90% LTV, decreasing by 9bps from 5.93% to 5.84%, product fee £0
[FO42631] 90% LTV, decreasing by 5bps from 5.59% to 5.54%, product fee £1,495
[FO42769] 95% LTV, decreasing by 5bps from 6.39% to 6.34%, product fee £0
2 year fixed rate remortgage
[FO42761] 60% LTV, decreasing by 33bps from 5.48% to 5.15%, product fee £0
[FO42772] 60% LTV, decreasing by 33bps from 5.48% to 5.15%, product fee £0, cashback £250
[FO42771] 60% LTV, decreasing by 35bps from 5.27% to 4.92%, product fee £995, cashback £250
[FO42760] 60% LTV, decreasing by 35bps from 5.27% to 4.92%, product fee £995
[FO42776] 60% LTV, decreasing by 35bps from 5.22% to 4.87%, product fee £1,495
[FO42782] 60% LTV, decreasing by 35bps from 5.22% to 4.87%, product fee £1,495, cashback £250
[FO42712] 75% LTV, decreasing by 25bps from 5.57% to 5.32%, product fee £0, cashback £250
[FO42785] 75% LTV, decreasing by 40bps from 5.33% to 4.93%, product fee £1,495
[FO42711] 75% LTV, decreasing by 40bps from 5.38% to 4.98%, product fee £995, cashback £250
[FO42747] 75% LTV, decreasing by 25bps from 5.57% to 5.32%, product fee £0
[FO42699] 75% LTV, decreasing by 40bps from 5.38% to 4.98%, product fee £995
[FO42783] 75% LTV, decreasing by 40bps from 5.33% to 4.93%, product fee £1,495, cashback £250
[FO42784] 80% LTV, decreasing by 21bps from 5.74% to 5.53%, product fee £1,495, cashback £250
[FO42786] 80% LTV, decreasing by 21bps from 5.74% to 5.53%, product fee £1,495
[FO42655] 80% LTV, decreasing by 21bps from 5.79% to 5.58%, product fee £995, cashback £250
[FO42648] 80% LTV, decreasing by 11bps from 6.09% to 5.98%, product fee £0
[FO42656] 80% LTV, decreasing by 11bps from 6.09% to 5.98%, product fee £0, cashback £250
[FO42647] 80% LTV, decreasing by 21bps from 5.79% to 5.58%, product fee £995
[FO42789] 85% LTV, decreasing by 26bps from 5.84% to 5.58%, product fee £1,495, cashback £250
[FO42658] 85% LTV, decreasing by 2bps from 6.09% to 6.07%, product fee £0, cashback £250
[FO42650] 85% LTV, decreasing by 2bps from 6.09% to 6.07%, product fee £0
[FO42649] 85% LTV, decreasing by 26bps from 5.89% to 5.63%, product fee £995
[FO42787] 85% LTV, decreasing by 26bps from 5.84% to 5.58%, product fee £1,495
[FO42657] 85% LTV, decreasing by 26bps from 5.89% to 5.63%, product fee £995, cashback £250
[FO42788] 90% LTV, decreasing by 2bps from 5.94% to 5.92%, product fee £1,495
[FO42762] 90% LTV, decreasing by 2bps from 5.99% to 5.97%, product fee £995, cashback £250
[FO42768] 90% LTV, decreasing by 5bps from 6.34% to 6.29%, product fee £0
[FO42763] 90% LTV, decreasing by 5bps from 6.34% to 6.29%, product fee £0, cashback £250
[FO42767] 90% LTV, decreasing by 2bps from 5.99% to 5.97%, product fee £995
[FO42790] 90% LTV, decreasing by 2bps from 5.94% to 5.92%, product fee £1,495, cashback £250
5 year fixed rate purchase
[FO42632] 60% LTV, decreasing by 27bps from 4.74% to 4.47%, product fee £1,495
[FO42758] 60% LTV, decreasing by 27bps from 4.79% to 4.52%, product fee £995
[FO42759] 60% LTV, decreasing by 30bps from 4.94% to 4.64%, product fee £0
[FO42738] 75% LTV, decreasing by 20bps from 4.94% to 4.74%, product fee £0
[FO42737] 75% LTV, decreasing by 21bps from 4.83% to 4.62%, product fee £995
[FO42679] 75% LTV, decreasing by 21bps from 4.78% to 4.57%, product fee £1,495
[FO42643] 80% LTV, decreasing by 17bps from 4.98% to 4.81%, product fee £995
[FO42680] 80% LTV, decreasing by 17bps from 4.93% to 4.76%, product fee £1,495
[FO42644] 80% LTV, decreasing by 19bps from 5.11% to 4.92%, product fee £0
[FO42681] 85% LTV, decreasing by 17bps from 4.93% to 4.76%, product fee £1,495
[FO42646] 85% LTV, decreasing by 18bps from 5.11% to 4.93%, product fee £0
[FO42645] 85% LTV, decreasing by 17bps from 4.98% to 4.81%, product fee £995
[FO42705] 90% LTV, decreasing by 4bps from 5.28% to 5.24%, product fee £0
[FO42704] 90% LTV, decreasing by 4bps from 5.13% to 5.09%, product fee £995
[FO42775] 90% LTV, decreasing by 4bps from 5.08% to 5.04%, product fee £1,495
5 year fixed rate remortgage
[FO42770] 60% LTV, decreasing by 24bps from 5.18% to 4.94%, product fee £0
[FO42791] 60% LTV, decreasing by 16bps from 4.89% to 4.73%, product fee £1,495, cashback £250
[FO42773] 60% LTV, decreasing by 24bps from 5.18% to 4.94%, product fee £0, cashback £250
[FO42755] 60% LTV, decreasing by 16bps from 4.94% to 4.78%, product fee £995, cashback £250
[FO42754] 60% LTV, decreasing by 16bps from 4.94% to 4.78%, product fee £995
[FO42777] 60% LTV, decreasing by 16bps from 4.89% to 4.73%, product fee £1,495
[FO42697] 75% LTV, decreasing by 15bps from 5.23% to 5.08%, product fee £0
[FO42792] 75% LTV, decreasing by 11bps from 4.89% to 4.78%, product fee £1,495, cashback £250
[FO42714] 75% LTV, decreasing by 15bps from 5.23% to 5.08%, product fee £0, cashback £250
[FO42700] 75% LTV, decreasing by 11bps from 4.94% to 4.83%, product fee £995
[FO42713] 75% LTV, decreasing by 11bps from 4.94% to 4.83%, product fee £995, cashback £250
[FO42778] 75% LTV, decreasing by 11bps from 4.89% to 4.78%, product fee £1,495
[FO42652] 80% LTV, decreasing by 5bps from 5.43% to 5.38%, product fee £0
[FO42660] 80% LTV, decreasing by 5bps from 5.43% to 5.38%, product fee £0, cashback £250
[FO42659] 80% LTV, decreasing by 6bps from 5.24% to 5.18%, product fee £995, cashback £250
[FO42793] 80% LTV, decreasing by 6bps from 5.19% to 5.13%, product fee £1,495, cashback £250
[FO42651] 80% LTV, decreasing by 6bps from 5.24% to 5.18%, product fee £995
[FO42779] 80% LTV, decreasing by 6bps from 5.19% to 5.13%, product fee £1,495
[FO42794] 85% LTV, decreasing by 15bps from 5.33% to 5.18%, product fee £1,495, cashback £250
[FO42653] 85% LTV, decreasing by 15bps from 5.38% to 5.23%, product fee £995
[FO42780] 85% LTV, decreasing by 15bps from 5.33% to 5.18%, product fee £1,495
[FO42662] 85% LTV, decreasing by 16bps from 5.59% to 5.43%, product fee £0, cashback £250
[FO42654] 85% LTV, decreasing by 16bps from 5.59% to 5.43%, product fee £0
[FO42661] 85% LTV, decreasing by 15bps from 5.38% to 5.23%, product fee £995, cashback £250
[FO42702] 90% LTV, decreasing by 5bps from 5.49% to 5.44%, product fee £995, cashback £250
[FO42774] 90% LTV, decreasing by 5bps from 5.49% to 5.44%, product fee £995
[FO42781] 90% LTV, decreasing by 5bps from 5.44% to 5.39%, product fee £1,495
[FO42795] 90% LTV, decreasing by 5bps from 5.44% to 5.39%, product fee £1,495, cashback £250
First Time Buyer
Residential
Rate Changes
2 year fixed rate purchase
[FO42664] 85% LTV, decreasing by 26bps from 5.84% to 5.58%, product fee £0, cashback £250
[FO42663] 85% LTV, decreasing by 26bps from 5.54% to 5.28%, product fee £995, cashback £250
[FO42726] 90% LTV, decreasing by 9bps from 5.93% to 5.84%, product fee £0, cashback £250
[FO42725] 90% LTV, decreasing by 5bps from 5.64% to 5.59%, product fee £995, cashback £250
5 year fixed rate purchase
[FO42666] 85% LTV, decreasing by 18bps from 5.11% to 4.93%, product fee £0, cashback £250
[FO42665] 85% LTV, decreasing by 17bps from 4.98% to 4.81%, product fee £995, cashback £250
[FO42707] 90% LTV, decreasing by 4bps from 5.28% to 5.24%, product fee £0, cashback £250
[FO42706] 90% LTV, decreasing by 4bps from 5.13% to 5.09%, product fee £995, cashback £250
Shared Equity
Residential
Rate Changes
2 year fixed rate purchase
[FO42668] 60% LTV, decreasing by 21bps from 5.59% to 5.38%, product fee £0
[FO42667] 60% LTV, decreasing by 22bps from 5.34% to 5.12%, product fee £995, cashback £250
[FO42745] 75% LTV, decreasing by 18bps from 5.66% to 5.48%, product fee £0
[FO42744] 75% LTV, decreasing by 16bps from 5.38% to 5.22%, product fee £995, cashback £250
5 year fixed rate purchase
[FO42669] 60% LTV, decreasing by 30bps from 5.09% to 4.79%, product fee £0
[FO42670] 60% LTV, decreasing by 27bps from 4.94% to 4.67%, product fee £995, cashback £250
[FO42642] 75% LTV, decreasing by 20bps from 5.09% to 4.89%, product fee £0
[FO42701] 75% LTV, decreasing by 21bps from 4.98% to 4.77%, product fee £995, cashback £250
Help to Buy: shared equity
Residential
Rate Changes
2 year fixed rate remortgage
[FO42671] 60% LTV, decreasing by 35bps from 5.42% to 5.07%, product fee £995, cashback £500
[FO42688] 60% LTV, decreasing by 33bps from 5.63% to 5.30%, product fee £0, cashback £500
[FO42698] 75% LTV, decreasing by 25bps from 5.72% to 5.47%, product fee £0, cashback £500
[FO42708] 75% LTV, decreasing by 40bps from 5.53% to 5.13%, product fee £995, cashback £500
5 year fixed rate remortgage
[FO42690] 60% LTV, decreasing by 24bps from 5.33% to 5.09%, product fee £0, cashback £500
[FO42689] 60% LTV, decreasing by 16bps from 5.09% to 4.93%, product fee £995, cashback £500
[FO42746] 75% LTV, decreasing by 11bps from 5.09% to 4.98%, product fee £995, cashback £500
[FO42741] 75% LTV, decreasing by 15bps from 5.38% to 5.23%, product fee £0, cashback £500
BTL Range
Buy To Let
Rate Changes
2 year fixed rate purchase
[FO42710] 60% LTV, decreasing by 21bps from 6.04% to 5.83%, product fee £0
[FO42709] 60% LTV, decreasing by 36bps from 5.74% to 5.38%, product fee £995
[FO42730] 75% LTV, decreasing by 42bps from 5.90% to 5.48%, product fee £995
[FO42748] 75% LTV, decreasing by 21bps from 6.14% to 5.93%, product fee £0
2 year fixed rate remortgage
[FO42716] 60% LTV, decreasing by 26bps from 5.74% to 5.48%, product fee £995
[FO42637] 60% LTV, decreasing by 26bps from 5.74% to 5.48%, product fee £995, cashback £250
[FO42696] 75% LTV, decreasing by 31bps from 5.89% to 5.58%, product fee £995, cashback £250
[FO42634] 75% LTV, decreasing by 31bps from 5.89% to 5.58%, product fee £995
5 year fixed rate purchase
[FO42766] 60% LTV, decreasing by 55bps from 5.04% to 4.49%, product fee £3,499
[FO42749] 60% LTV, decreasing by 20bps from 5.23% to 5.03%, product fee £995
[FO42733] 60% LTV, decreasing by 13bps from 5.31% to 5.18%, product fee £0
[FO42734] 75% LTV, decreasing by 39bps from 5.49% to 5.10%, product fee £995
[FO42735] 75% LTV, decreasing by 23bps from 5.52% to 5.29%, product fee £0
[FO42715] 75% LTV, decreasing by 55bps from 5.14% to 4.59%, product fee £3,499
5 year fixed rate remortgage
[FO42635] 60% LTV, decreasing by 22bps from 5.25% to 5.03%, product fee £995
[FO42717] 60% LTV, decreasing by 22bps from 5.25% to 5.03%, product fee £995, cashback £250
[FO42703] 60% LTV, decreasing by 4bps from 5.34% to 5.30%, product fee £0
[FO42724] 60% LTV, decreasing by 4bps from 5.34% to 5.30%, product fee £0, cashback £250
[FO42732] 60% LTV, decreasing by 40bps from 4.99% to 4.59%, product fee £3,499
[FO42729] 75% LTV, decreasing by 30bps from 5.09% to 4.79%, product fee £3,499
[FO42720] 75% LTV, decreasing by 3bps from 5.29% to 5.26%, product fee £995, cashback £250
[FO42636] 75% LTV, decreasing by 3bps from 5.29% to 5.26%, product fee £995
Rate Changes and Fee Changes
2 year fixed rate purchase
[FO42764] 60% LTV, decreasing by 100bps from 5.69% to 4.69%, product fee increasing from £1,495 to £3,499
[FO42765] 75% LTV, decreasing by 106bps from 5.85% to 4.79%, product fee increasing from £1,495 to £3,499
2 year fixed rate remortgage
[FO42751] 60% LTV, decreasing by 80bps from 5.69% to 4.89%, product fee increasing from £1,495 to £3,499
[FO42731] 75% LTV, decreasing by 85bps from 5.84% to 4.99%, product fee increasing from £1,495 to £3,499
Green Mortgages
Residential
Rate Changes
2 year fixed rate purchase
[FO42691] 60% LTV, decreasing by 22bps from 5.14% to 4.92%, product fee £995
[FO42672] 75% LTV, decreasing by 16bps from 5.18% to 5.02%, product fee £995
[FO42673] 85% LTV, decreasing by 26bps from 5.49% to 5.23%, product fee £995
2 year fixed rate remortgage
[FO42686] 60% LTV, decreasing by 35bps from 5.22% to 4.87%, product fee £995, cashback £250
[FO42677] 60% LTV, decreasing by 35bps from 5.22% to 4.87%, product fee £995
[FO42687] 75% LTV, decreasing by 40bps from 5.33% to 4.93%, product fee £995, cashback £250
[FO42678] 75% LTV, decreasing by 40bps from 5.33% to 4.93%, product fee £995
[FO42692] 85% LTV, decreasing by 26bps from 5.84% to 5.58%, product fee £995, cashback £250
[FO42682] 85% LTV, decreasing by 26bps from 5.84% to 5.58%, product fee £995
5 year fixed rate purchase
[FO42674] 60% LTV, decreasing by 27bps from 4.74% to 4.47%, product fee £995
[FO42675] 75% LTV, decreasing by 21bps from 4.78% to 4.57%, product fee £995
[FO42676] 85% LTV, decreasing by 17bps from 4.93% to 4.76%, product fee £995
5 year fixed rate remortgage
[FO42694] 60% LTV, decreasing by 16bps from 4.89% to 4.73%, product fee £995, cashback £250
[FO42684] 60% LTV, decreasing by 16bps from 4.89% to 4.73%, product fee £995
[FO42693] 75% LTV, decreasing by 11bps from 4.89% to 4.78%, product fee £995, cashback £250
[FO42683] 75% LTV, decreasing by 11bps from 4.89% to 4.78%, product fee £995
[FO42685] 85% LTV, decreasing by 15bps from 5.33% to 5.18%, product fee £995
[FO42695] 85% LTV, decreasing by 15bps from 5.33% to 5.18%, product fee £995, cashback £250
BTL Green Mortgages
Buy To Let
Rate Changes
2 year fixed rate purchase
[FO42736] 65% LTV, decreasing by 36bps from 5.69% to 5.33%, product fee £995
[FO42739] 75% LTV, decreasing by 42bps from 5.85% to 5.43%, product fee £995
2 year fixed rate remortgage
[FO42752] 65% LTV, decreasing by 26bps from 5.69% to 5.43%, product fee £995
[FO42722] 65% LTV, decreasing by 26bps from 5.69% to 5.43%, product fee £995, cashback £250
[FO42723] 75% LTV, decreasing by 31bps from 5.84% to 5.53%, product fee £995, cashback £250
[FO42742] 75% LTV, decreasing by 31bps from 5.84% to 5.53%, product fee £995
5 year fixed rate purchase
[FO42740] 65% LTV, decreasing by 20bps from 5.18% to 4.98%, product fee £995
[FO42633] 75% LTV, decreasing by 39bps from 5.44% to 5.05%, product fee £995
5 year fixed rate remortgage
[FO42743] 65% LTV, decreasing by 22bps from 5.20% to 4.98%, product fee £995
[FO42728] 65% LTV, decreasing by 22bps from 5.20% to 4.98%, product fee £995, cashback £250
[FO42721] 75% LTV, decreasing by 3bps from 5.24% to 5.21%, product fee £995
[FO42750] 75% LTV, decreasing by 3bps from 5.24% to 5.21%, product fee £995, cashback £250
Existing Customer
No Changes
End dates
There are no changes to end dates
Transitional arrangements
You’ll be able to produce Mortgage Illustrations and submit applications online for existing deals up to 10:30pm on Monday 27th November 2023.
If you’re unable to submit an application online due to a technical issue that cannot be resolved over the phone, then you must call the Business Development Team on 0345 026 0008 (Relay UK: 18001 0345 026 0008) by midday on Tuesday 28th November 2023. Requests received after this time will not be considered.
The detail we will require is as follows:
· Your details - name, company and postcode
· Customer name
· Product applying for
· Amount of mortgage loan
· Reason - If you have experienced a technical issue a clear description of the problem encountered with error code (if applicable) must be provided
Once you have spoken to the team, please submit the case through our intermediary website.
For a complete listing of all our mortgage products, please visit the product page on our website.
Effective from Tuesday 21st November 2023
Here’s a full list of the changes with product codes in brackets:
Existing Customer
Core Range
Residential
Rate Changes
2 year fixed rate switcher
[FO42215] 60% LTV, decreasing by 25bps from 5.55% to 5.30%, product fee £495
[FO42216] 60% LTV, decreasing by 26bps from 5.45% to 5.19%, product fee £995
[FO42217] 60% LTV, decreasing by 40bps from 5.80% to 5.40%, product fee £0
[FO42211] 75% LTV, decreasing by 21bps from 5.51% to 5.30%, product fee £995
[FO42212] 75% LTV, decreasing by 37bps from 5.85% to 5.48%, product fee £0
[FO42218] 80% LTV, decreasing by 15bps from 5.90% to 5.75%, product fee £995
[FO42210] 80% LTV, decreasing by 18bps from 6.25% to 6.07%, product fee £0
[FO42220] 85% LTV, decreasing by 23bps from 6.30% to 6.07%, product fee £0
[FO42219] 85% LTV, decreasing by 20bps from 6.05% to 5.85%, product fee £995
[FO42221] 90% LTV, decreasing by 13bps from 6.10% to 5.97%, product fee £995
[FO42222] 90% LTV, decreasing by 18bps from 6.42% to 6.24%, product fee £0
[FO42232] 100% LTV, decreasing by 11bps from 6.30% to 6.19%, product fee £995
[FO42233] 100% LTV, decreasing by 13bps from 6.62% to 6.49%, product fee £0
5 year fixed rate switcher
[FO42224] 60% LTV, decreasing by 18bps from 5.07% to 4.89%, product fee £995
[FO42225] 60% LTV, decreasing by 29bps from 5.40% to 5.11%, product fee £0
[FO42223] 60% LTV, decreasing by 24bps from 5.23% to 4.99%, product fee £495
[FO42214] 75% LTV, decreasing by 26bps from 5.43% to 5.17%, product fee £0
[FO42213] 75% LTV, decreasing by 21bps from 5.16% to 4.95%, product fee £995
[FO42226] 80% LTV, decreasing by 10bps from 5.39% to 5.29%, product fee £995
[FO42227] 80% LTV, decreasing by 10bps from 5.55% to 5.45%, product fee £0
[FO42228] 85% LTV, decreasing by 18bps from 5.52% to 5.34%, product fee £995
[FO42229] 85% LTV, decreasing by 18bps from 5.73% to 5.55%, product fee £0
[FO42230] 90% LTV, decreasing by 18bps from 5.62% to 5.44%, product fee £995
[FO42231] 90% LTV, decreasing by 13bps from 5.78% to 5.65%, product fee £0
End dates
2 year term end dates, moving from 31st January 2026 to 31st March 2026
5 year term end dates, moving from 31st January 2029 to 31st March 2029
New Business
No Changes
Transitional arrangements
You’ll be able to produce Mortgage Illustrations and submit applications online for existing deals up to 10:30pm on Monday 20th November 2023.
If you’re unable to submit an application online due to a technical issue that cannot be resolved over the phone, then you must call the Business Development Team on 0345 026 0008 (Relay UK: 18001 0345 026 0008) by midday on Tuesday 21st November 2023. Requests received after this time will not be considered.
The detail we will require is as follows:
· Your details - name, company and postcode
· Customer name
· Product applying for
· Amount of mortgage loan
· Reason - If you have experienced a technical issue a clear description of the problem encountered with error code (if applicable) must be provided
Once you have spoken to the team, please submit the case through our intermediary website.
For a complete listing of all our mortgage products, please visit the product page on our website.
Effective from Wednesday 8th November 2023
Here’s a full list of the changes with product codes in brackets:
New Business
Core Range
Residential
Rate Changes
2 year fixed rate purchase
[FO41966] 60% LTV, decreasing by 25bps from 5.39% to 5.14%, product fee £1,495
[FO42120] 60% LTV, decreasing by 25bps from 5.44% to 5.19%, product fee £995
[FO42121] 60% LTV, decreasing by 32bps from 5.76% to 5.44%, product fee £0
[FO42079] 75% LTV, decreasing by 25bps from 5.76% to 5.51%, product fee £0
[FO41967] 75% LTV, decreasing by 29bps from 5.47% to 5.18%, product fee £1,495
[FO42113] 75% LTV, decreasing by 29bps from 5.52% to 5.23%, product fee £995
[FO41968] 80% LTV, decreasing by 18bps from 5.67% to 5.49%, product fee £1,495
[FO41986] 80% LTV, decreasing by 29bps from 6.13% to 5.84%, product fee £0
[FO41985] 80% LTV, decreasing by 18bps from 5.72% to 5.54%, product fee £995
[FO41988] 85% LTV, decreasing by 29bps from 6.13% to 5.84%, product fee £0
[FO41987] 85% LTV, decreasing by 34bps from 5.88% to 5.54%, product fee £995
[FO41969] 85% LTV, decreasing by 34bps from 5.83% to 5.49%, product fee £1,495
[FO42080] 90% LTV, decreasing by 29bps from 5.93% to 5.64%, product fee £995
[FO42081] 90% LTV, decreasing by 27bps from 6.20% to 5.93%, product fee £0
[FO41970] 90% LTV, decreasing by 29bps from 5.88% to 5.59%, product fee £1,495
[FO42116] 95% LTV, decreasing by 21bps from 6.60% to 6.39%, product fee £0
2 year fixed rate remortgage
[FO42127] 60% LTV, decreasing by 43bps from 5.70% to 5.27%, product fee £995, cashback £250
[FO42124] 60% LTV, decreasing by 43bps from 5.70% to 5.27%, product fee £995
[FO42128] 60% LTV, decreasing by 57bps from 6.05% to 5.48%, product fee £0, cashback £250
[FO42125] 60% LTV, decreasing by 57bps from 6.05% to 5.48%, product fee £0
[FO42143] 60% LTV, decreasing by 43bps from 5.65% to 5.22%, product fee £1,495
[FO42153] 60% LTV, decreasing by 43bps from 5.65% to 5.22%, product fee £1,495, cashback £250
[FO42154] 75% LTV, decreasing by 37bps from 5.70% to 5.33%, product fee £1,495, cashback £250
[FO42144] 75% LTV, decreasing by 37bps from 5.70% to 5.33%, product fee £1,495
[FO42066] 75% LTV, decreasing by 37bps from 5.75% to 5.38%, product fee £995, cashback £250
[FO42050] 75% LTV, decreasing by 37bps from 5.75% to 5.38%, product fee £995
[FO42067] 75% LTV, decreasing by 53bps from 6.10% to 5.57%, product fee £0, cashback £250
[FO42111] 75% LTV, decreasing by 53bps from 6.10% to 5.57%, product fee £0
[FO41994] 80% LTV, decreasing by 16bps from 5.95% to 5.79%, product fee £995
[FO42002] 80% LTV, decreasing by 16bps from 5.95% to 5.79%, product fee £995, cashback £250
[FO42003] 80% LTV, decreasing by 21bps from 6.30% to 6.09%, product fee £0, cashback £250
[FO42155] 80% LTV, decreasing by 16bps from 5.90% to 5.74%, product fee £1,495, cashback £250
[FO41995] 80% LTV, decreasing by 21bps from 6.30% to 6.09%, product fee £0
[FO42145] 80% LTV, decreasing by 16bps from 5.90% to 5.74%, product fee £1,495
[FO42004] 85% LTV, decreasing by 16bps from 6.05% to 5.89%, product fee £995, cashback £250
[FO42005] 85% LTV, decreasing by 21bps from 6.30% to 6.09%, product fee £0, cashback £250
[FO41997] 85% LTV, decreasing by 21bps from 6.30% to 6.09%, product fee £0
[FO41996] 85% LTV, decreasing by 16bps from 6.05% to 5.89%, product fee £995
[FO42156] 85% LTV, decreasing by 16bps from 6.00% to 5.84%, product fee £1,495, cashback £250
[FO42146] 85% LTV, decreasing by 16bps from 6.00% to 5.84%, product fee £1,495
[FO42115] 90% LTV, decreasing by 8bps from 6.42% to 6.34%, product fee £0
[FO42157] 90% LTV, decreasing by 11bps from 6.05% to 5.94%, product fee £1,495, cashback £250
[FO42134] 90% LTV, decreasing by 8bps from 6.42% to 6.34%, product fee £0, cashback £250
[FO42114] 90% LTV, decreasing by 11bps from 6.10% to 5.99%, product fee £995
[FO42133] 90% LTV, decreasing by 11bps from 6.10% to 5.99%, product fee £995, cashback £250
[FO42147] 90% LTV, decreasing by 11bps from 6.05% to 5.94%, product fee £1,495
5 year fixed rate purchase
[FO42123] 60% LTV, decreasing by 20bps from 5.14% to 4.94%, product fee £0
[FO42122] 60% LTV, decreasing by 15bps from 4.94% to 4.79%, product fee £995
[FO41971] 60% LTV, decreasing by 15bps from 4.89% to 4.74%, product fee £1,495
[FO42030] 75% LTV, decreasing by 11bps from 4.89% to 4.78%, product fee £1,495
[FO42101] 75% LTV, decreasing by 24bps from 5.18% to 4.94%, product fee £0
[FO42100] 75% LTV, decreasing by 11bps from 4.94% to 4.83%, product fee £995
[FO41990] 80% LTV, decreasing by 14bps from 5.12% to 4.98%, product fee £995
[FO41991] 80% LTV, decreasing by 19bps from 5.30% to 5.11%, product fee £0
[FO42031] 80% LTV, decreasing by 14bps from 5.07% to 4.93%, product fee £1,495
[FO41992] 85% LTV, decreasing by 26bps from 5.24% to 4.98%, product fee £995
[FO42032] 85% LTV, decreasing by 26bps from 5.19% to 4.93%, product fee £1,495
[FO41993] 85% LTV, decreasing by 19bps from 5.30% to 5.11%, product fee £0
[FO42059] 90% LTV, decreasing by 27bps from 5.40% to 5.13%, product fee £995
[FO42060] 90% LTV, decreasing by 22bps from 5.50% to 5.28%, product fee £0
[FO42142] 90% LTV, decreasing by 27bps from 5.35% to 5.08%, product fee £1,495
[FO42117] 95% LTV, decreasing by 20bps from 5.84% to 5.64%, product fee £0
5 year fixed rate remortgage
[FO42158] 60% LTV, decreasing by 26bps from 5.15% to 4.89%, product fee £1,495, cashback £250
[FO42129] 60% LTV, decreasing by 22bps from 5.40% to 5.18%, product fee £0, cashback £250
[FO42148] 60% LTV, decreasing by 26bps from 5.15% to 4.89%, product fee £1,495
[FO42126] 60% LTV, decreasing by 22bps from 5.40% to 5.18%, product fee £0
[FO42119] 60% LTV, decreasing by 26bps from 5.20% to 4.94%, product fee £995, cashback £250
[FO42118] 60% LTV, decreasing by 26bps from 5.20% to 4.94%, product fee £995
[FO42069] 75% LTV, decreasing by 20bps from 5.43% to 5.23%, product fee £0, cashback £250
[FO42159] 75% LTV, decreasing by 32bps from 5.21% to 4.89%, product fee £1,495, cashback £250
[FO42048] 75% LTV, decreasing by 20bps from 5.43% to 5.23%, product fee £0
[FO42149] 75% LTV, decreasing by 32bps from 5.21% to 4.89%, product fee £1,495
[FO42068] 75% LTV, decreasing by 32bps from 5.26% to 4.94%, product fee £995, cashback £250
[FO42051] 75% LTV, decreasing by 32bps from 5.26% to 4.94%, product fee £995
[FO41999] 80% LTV, decreasing by 12bps from 5.55% to 5.43%, product fee £0
[FO42007] 80% LTV, decreasing by 12bps from 5.55% to 5.43%, product fee £0, cashback £250
[FO42150] 80% LTV, decreasing by 15bps from 5.34% to 5.19%, product fee £1,495
[FO42006] 80% LTV, decreasing by 15bps from 5.39% to 5.24%, product fee £995, cashback £250
[FO42160] 80% LTV, decreasing by 15bps from 5.34% to 5.19%, product fee £1,495, cashback £250
[FO41998] 80% LTV, decreasing by 15bps from 5.39% to 5.24%, product fee £995
[FO42151] 85% LTV, decreasing by 14bps from 5.47% to 5.33%, product fee £1,495
[FO42001] 85% LTV, decreasing by 14bps from 5.73% to 5.59%, product fee £0
[FO42000] 85% LTV, decreasing by 14bps from 5.52% to 5.38%, product fee £995
[FO42009] 85% LTV, decreasing by 14bps from 5.73% to 5.59%, product fee £0, cashback £250
[FO42008] 85% LTV, decreasing by 14bps from 5.52% to 5.38%, product fee £995, cashback £250
[FO42161] 85% LTV, decreasing by 14bps from 5.47% to 5.33%, product fee £1,495, cashback £250
[FO42054] 90% LTV, decreasing by 13bps from 5.62% to 5.49%, product fee £995, cashback £250
[FO42162] 90% LTV, decreasing by 13bps from 5.57% to 5.44%, product fee £1,495, cashback £250
[FO42138] 90% LTV, decreasing by 13bps from 5.62% to 5.49%, product fee £995
[FO42152] 90% LTV, decreasing by 13bps from 5.57% to 5.44%, product fee £1,495
[FO42055] 90% LTV, decreasing by 9bps from 5.78% to 5.69%, product fee £0, cashback £250
[FO41973] 90% LTV, decreasing by 9bps from 5.78% to 5.69%, product fee £0
First Time Buyer
Residential
Rate Changes
2 year fixed rate purchase
[FO42010] 85% LTV, decreasing by 34bps from 5.88% to 5.54%, product fee £995, cashback £250
[FO42011] 85% LTV, decreasing by 29bps from 6.13% to 5.84%, product fee £0, cashback £250
[FO42077] 90% LTV, decreasing by 29bps from 5.93% to 5.64%, product fee £995, cashback £250
[FO42078] 90% LTV, decreasing by 27bps from 6.20% to 5.93%, product fee £0, cashback £250
5 year fixed rate purchase
[FO42012] 85% LTV, decreasing by 26bps from 5.24% to 4.98%, product fee £995, cashback £250
[FO42013] 85% LTV, decreasing by 19bps from 5.30% to 5.11%, product fee £0, cashback £250
[FO42062] 90% LTV, decreasing by 22bps from 5.50% to 5.28%, product fee £0, cashback £250
[FO42061] 90% LTV, decreasing by 27bps from 5.40% to 5.13%, product fee £995, cashback £250
Shared Equity
Residential
Rate Changes
2 year fixed rate purchase
[FO42014] 60% LTV, decreasing by 25bps from 5.59% to 5.34%, product fee £995, cashback £250
[FO42015] 60% LTV, decreasing by 32bps from 5.91% to 5.59%, product fee £0
[FO42109] 75% LTV, decreasing by 25bps from 5.91% to 5.66%, product fee £0
[FO42108] 75% LTV, decreasing by 29bps from 5.67% to 5.38%, product fee £995, cashback £250
5 year fixed rate purchase
[FO42016] 60% LTV, decreasing by 20bps from 5.29% to 5.09%, product fee £0
[FO42017] 60% LTV, decreasing by 15bps from 5.09% to 4.94%, product fee £995, cashback £250
[FO42053] 75% LTV, decreasing by 11bps from 5.09% to 4.98%, product fee £995, cashback £250
[FO41989] 75% LTV, decreasing by 24bps from 5.33% to 5.09%, product fee £0
Help to Buy: shared equity
Residential
Rate Changes
2 year fixed rate remortgage
[FO42019] 60% LTV, decreasing by 57bps from 6.20% to 5.63%, product fee £0, cashback £500
[FO42018] 60% LTV, decreasing by 43bps from 5.85% to 5.42%, product fee £995, cashback £500
[FO42049] 75% LTV, decreasing by 53bps from 6.25% to 5.72%, product fee £0, cashback £500
[FO42063] 75% LTV, decreasing by 37bps from 5.90% to 5.53%, product fee £995, cashback £500
5 year fixed rate remortgage
[FO42021] 60% LTV, decreasing by 22bps from 5.55% to 5.33%, product fee £0, cashback £500
[FO42020] 60% LTV, decreasing by 26bps from 5.35% to 5.09%, product fee £995, cashback £500
[FO42110] 75% LTV, decreasing by 32bps from 5.41% to 5.09%, product fee £995, cashback £500
[FO42105] 75% LTV, decreasing by 20bps from 5.58% to 5.38%, product fee £0, cashback £500
BTL Range
Buy To Let
Rate Changes
2 year fixed rate purchase
[FO42065] 60% LTV, decreasing by 31bps from 6.35% to 6.04%, product fee £0
[FO42064] 60% LTV, decreasing by 24bps from 5.98% to 5.74%, product fee £995
[FO42135] 60% LTV, decreasing by 25bps from 5.94% to 5.69%, product fee £1,495
[FO42089] 75% LTV, decreasing by 18bps from 6.08% to 5.90%, product fee £995
[FO42090] 75% LTV, decreasing by 35bps from 6.49% to 6.14%, product fee £0
[FO42136] 75% LTV, decreasing by 19bps from 6.04% to 5.85%, product fee £1,495
2 year fixed rate remortgage
[FO41983] 60% LTV, decreasing by 24bps from 5.98% to 5.74%, product fee £995, cashback £250
[FO42072] 60% LTV, decreasing by 28bps from 6.37% to 6.09%, product fee £0
[FO42093] 60% LTV, decreasing by 25bps from 5.94% to 5.69%, product fee £1,495
[FO42071] 60% LTV, decreasing by 24bps from 5.98% to 5.74%, product fee £995
[FO42046] 60% LTV, decreasing by 28bps from 6.37% to 6.09%, product fee £0, cashback £250
[FO42094] 75% LTV, decreasing by 19bps from 6.03% to 5.84%, product fee £1,495
[FO41978] 75% LTV, decreasing by 19bps from 6.08% to 5.89%, product fee £995
[FO42073] 75% LTV, decreasing by 34bps from 6.48% to 6.14%, product fee £0
[FO42047] 75% LTV, decreasing by 19bps from 6.08% to 5.89%, product fee £995, cashback £250
[FO42074] 75% LTV, decreasing by 34bps from 6.48% to 6.14%, product fee £0, cashback £250
5 year fixed rate purchase
[FO42096] 60% LTV, decreasing by 31bps from 5.62% to 5.31%, product fee £0
[FO42091] 60% LTV, decreasing by 26bps from 5.49% to 5.23%, product fee £995
[FO42137] 60% LTV, decreasing by 20bps from 5.24% to 5.04%, product fee £3,499
[FO42098] 75% LTV, decreasing by 27bps from 5.79% to 5.52%, product fee £0
[FO42097] 75% LTV, decreasing by 19bps from 5.68% to 5.49%, product fee £995
[FO42070] 75% LTV, decreasing by 20bps from 5.34% to 5.14%, product fee £3,499
5 year fixed rate remortgage
[FO42095] 60% LTV, decreasing by 40bps from 5.39% to 4.99%, product fee £3,499
[FO42075] 60% LTV, decreasing by 26bps from 5.51% to 5.25%, product fee £995, cashback £250
[FO42076] 60% LTV, decreasing by 28bps from 5.62% to 5.34%, product fee £0, cashback £250
[FO41979] 60% LTV, decreasing by 26bps from 5.51% to 5.25%, product fee £995
[FO42057] 60% LTV, decreasing by 28bps from 5.62% to 5.34%, product fee £0
[FO41982] 75% LTV, decreasing by 38bps from 5.67% to 5.29%, product fee £995
[FO41977] 75% LTV, decreasing by 30bps from 5.82% to 5.52%, product fee £0, cashback £250
[FO42087] 75% LTV, decreasing by 30bps from 5.39% to 5.09%, product fee £3,499
[FO42082] 75% LTV, decreasing by 38bps from 5.67% to 5.29%, product fee £995, cashback £250
[FO42056] 75% LTV, decreasing by 30bps from 5.82% to 5.52%, product fee £0
Green Mortgages
Residential
Rate Changes
2 year fixed rate purchase
[FO42022] 60% LTV, decreasing by 25bps from 5.39% to 5.14%, product fee £995
[FO42023] 75% LTV, decreasing by 29bps from 5.47% to 5.18%, product fee £995
[FO42024] 85% LTV, decreasing by 34bps from 5.83% to 5.49%, product fee £995
2 year fixed rate remortgage
[FO42028] 60% LTV, decreasing by 43bps from 5.65% to 5.22%, product fee £995
[FO42037] 60% LTV, decreasing by 43bps from 5.65% to 5.22%, product fee £995, cashback £250
[FO42038] 75% LTV, decreasing by 37bps from 5.70% to 5.33%, product fee £995, cashback £250
[FO42029] 75% LTV, decreasing by 37bps from 5.70% to 5.33%, product fee £995
[FO42033] 85% LTV, decreasing by 16bps from 6.00% to 5.84%, product fee £995
[FO42039] 85% LTV, decreasing by 16bps from 6.00% to 5.84%, product fee £995, cashback £250
5 year fixed rate purchase
[FO42025] 60% LTV, decreasing by 15bps from 4.89% to 4.74%, product fee £995
[FO42026] 75% LTV, decreasing by 11bps from 4.89% to 4.78%, product fee £995
[FO42027] 85% LTV, decreasing by 26bps from 5.19% to 4.93%, product fee £995
5 year fixed rate remortgage
[FO42041] 60% LTV, decreasing by 26bps from 5.15% to 4.89%, product fee £995, cashback £250
[FO42035] 60% LTV, decreasing by 26bps from 5.15% to 4.89%, product fee £995
[FO42034] 75% LTV, decreasing by 32bps from 5.21% to 4.89%, product fee £995
[FO42040] 75% LTV, decreasing by 32bps from 5.21% to 4.89%, product fee £995, cashback £250
[FO42042] 85% LTV, decreasing by 14bps from 5.47% to 5.33%, product fee £995, cashback £250
[FO42036] 85% LTV, decreasing by 14bps from 5.47% to 5.33%, product fee £995
BTL Green Mortgages
Buy To Let
Rate Changes
2 year fixed rate purchase
[FO42099] 65% LTV, decreasing by 24bps from 5.93% to 5.69%, product fee £995
[FO42102] 75% LTV, decreasing by 18bps from 6.03% to 5.85%, product fee £995
2 year fixed rate remortgage
[FO42084] 65% LTV, decreasing by 24bps from 5.93% to 5.69%, product fee £995, cashback £250
[FO42112] 65% LTV, decreasing by 24bps from 5.93% to 5.69%, product fee £995
[FO42106] 75% LTV, decreasing by 19bps from 6.03% to 5.84%, product fee £995
[FO42085] 75% LTV, decreasing by 19bps from 6.03% to 5.84%, product fee £995, cashback £250
5 year fixed rate purchase
[FO42103] 65% LTV, decreasing by 26bps from 5.44% to 5.18%, product fee £995
[FO41972] 75% LTV, decreasing by 19bps from 5.63% to 5.44%, product fee £995
5 year fixed rate remortgage
[FO42107] 65% LTV, decreasing by 26bps from 5.46% to 5.20%, product fee £995
[FO42086] 65% LTV, decreasing by 26bps from 5.46% to 5.20%, product fee £995, cashback £250
[FO42083] 75% LTV, decreasing by 38bps from 5.62% to 5.24%, product fee £995
[FO42092] 75% LTV, decreasing by 38bps from 5.62% to 5.24%, product fee £995, cashback £250
Existing Customer
Core Range
Residential
Rate Changes
2 year fixed rate switcher
[FO42131] 60% LTV, decreasing by 25bps from 5.70% to 5.45%, product fee £995
[FO42130] 60% LTV, decreasing by 25bps from 5.80% to 5.55%, product fee £495
[FO42132] 60% LTV, decreasing by 25bps from 6.05% to 5.80%, product fee £0
[FO42044] 75% LTV, decreasing by 25bps from 6.10% to 5.85%, product fee £0
[FO42043] 75% LTV, decreasing by 24bps from 5.75% to 5.51%, product fee £995
[FO42139] 80% LTV, decreasing by 5bps from 5.95% to 5.90%, product fee £995
[FO41984] 80% LTV, decreasing by 5bps from 6.30% to 6.25%, product fee £0
5 year fixed rate switcher
[FO42141] 60% LTV, decreasing by 13bps from 5.20% to 5.07%, product fee £995
[FO42140] 60% LTV, decreasing by 7bps from 5.30% to 5.23%, product fee £495
[FO42045] 75% LTV, decreasing by 10bps from 5.26% to 5.16%, product fee £995
New Products
2 year fixed rate switcher
[FO42163] 100% LTV, 6.30%, product fee £995
[FO42164] 100% LTV, 6.62%, product fee £0
Withdrawn
2 year fixed rate switcher
[FO40981] 100% LTV, 6.30%, product fee £995
[FO40982] 100% LTV, 6.62%, product fee £0
BTL Standard Switcher Range
Buy To Let
Rate Changes
2 year fixed rate switcher
[FO41976] 60% LTV, decreasing by 13bps from 6.01% to 5.88%, product fee £995
[FO41980] 60% LTV, decreasing by 18bps from 6.39% to 6.21%, product fee £0
[FO42058] 75% LTV, decreasing by 31bps from 6.57% to 6.26%, product fee £0
[FO41981] 75% LTV, decreasing by 21bps from 6.14% to 5.93%, product fee £995
[FO42088] 90% LTV, decreasing by 28bps from 6.74% to 6.46%, product fee £0
5 year fixed rate switcher
[FO42052] 60% LTV, decreasing by 18bps from 5.71% to 5.53%, product fee £0
[FO42104] 60% LTV, decreasing by 9bps from 5.33% to 5.24%, product fee £995
[FO41975] 75% LTV, decreasing by 33bps from 5.95% to 5.62%, product fee £0
[FO41974] 75% LTV, decreasing by 24bps from 5.73% to 5.49%, product fee £995
End dates
There are no changes to end dates
Transitional arrangements
You’ll be able to produce Mortgage Illustrations and submit applications online for existing deals up to 10:30pm on Tuesday 7th November 2023.
If you’re unable to submit an application online due to a technical issue that cannot be resolved over the phone, then you must call the Business Development Team on 0345 026 0008 (Relay UK: 18001 0345 026 0008) by midday on Wednesday 8th November 2023. Requests received after this time will not be considered.
The detail we will require is as follows:
· Your details - name, company and postcode
· Customer name
· Product applying for
· Amount of mortgage loan
· Reason - If you have experienced a technical issue a clear description of the problem encountered with error code (if applicable) must be provided
Once you have spoken to the team, please submit the case through our intermediary website.
For a complete listing of all our mortgage products, please visit the product page on our website.
From Monday 9th October we’ll be changing our SVR to 8.24%, up from 7.99%.
The SVR of 8.24% will be quoted on new mortgage illustrations and our mortgage rate sheets, as the follow-on rate from 9th October.
To view our latest product range, please click here.
Effective from Thursday 28th September 2023
Here’s a full list of the changes with product codes in brackets:
New Business
Core Range
Residential
Rate Changes
2 year fixed rate purchase
[FO41002] 60% LTV, decreasing by 20bps from 5.64% to 5.44%, product fee £995
[FO41004] 60% LTV, decreasing by 17bps from 5.93% to 5.76%, product fee £0
[FO41007] 75% LTV, decreasing by 17bps from 5.93% to 5.76%, product fee £0
[FO41005] 75% LTV, decreasing by 15bps from 5.67% to 5.52%, product fee £995
[FO41008] 80% LTV, decreasing by 21bps from 5.93% to 5.72%, product fee £995
[FO41010] 80% LTV, decreasing by 6bps from 6.19% to 6.13%, product fee £0
[FO41011] 85% LTV, decreasing by 5bps from 5.93% to 5.88%, product fee £995
[FO41013] 85% LTV, decreasing by 10bps from 6.23% to 6.13%, product fee £0
[FO41016] 90% LTV, decreasing by 9bps from 6.29% to 6.20%, product fee £0
[FO41014] 90% LTV, decreasing by 25bps from 6.18% to 5.93%, product fee £995
[FO41017] 95% LTV, decreasing by 9bps from 6.69% to 6.60%, product fee £0
2 year fixed rate remortgage
[FO41066] 60% LTV, decreasing by 9bps from 6.14% to 6.05%, product fee £0, cashback £250
[FO41034] 60% LTV, decreasing by 14bps from 5.84% to 5.70%, product fee £995
[FO41036] 60% LTV, decreasing by 9bps from 6.14% to 6.05%, product fee £0
[FO41064] 60% LTV, decreasing by 14bps from 5.84% to 5.70%, product fee £995, cashback £250
[FO41069] 75% LTV, decreasing by 14bps from 6.24% to 6.10%, product fee £0, cashback £250
[FO41039] 75% LTV, decreasing by 14bps from 6.24% to 6.10%, product fee £0
[FO41067] 75% LTV, decreasing by 17bps from 5.92% to 5.75%, product fee £995, cashback £250
[FO41037] 75% LTV, decreasing by 17bps from 5.92% to 5.75%, product fee £995
[FO41042] 80% LTV, decreasing by 9bps from 6.39% to 6.30%, product fee £0
[FO41040] 80% LTV, decreasing by 14bps from 6.09% to 5.95%, product fee £995
[FO41070] 80% LTV, decreasing by 14bps from 6.09% to 5.95%, product fee £995, cashback £250
[FO41072] 80% LTV, decreasing by 9bps from 6.39% to 6.30%, product fee £0, cashback £250
[FO41073] 85% LTV, decreasing by 8bps from 6.13% to 6.05%, product fee £995, cashback £250
[FO41045] 85% LTV, decreasing by 14bps from 6.44% to 6.30%, product fee £0
[FO41043] 85% LTV, decreasing by 8bps from 6.13% to 6.05%, product fee £995
[FO41075] 85% LTV, decreasing by 14bps from 6.44% to 6.30%, product fee £0, cashback £250
[FO41078] 90% LTV, decreasing by 7bps from 6.49% to 6.42%, product fee £0, cashback £250
[FO41046] 90% LTV, decreasing by 9bps from 6.19% to 6.10%, product fee £995
[FO41048] 90% LTV, decreasing by 7bps from 6.49% to 6.42%, product fee £0
[FO41076] 90% LTV, decreasing by 9bps from 6.19% to 6.10%, product fee £995, cashback £250
5 year fixed rate purchase
[FO41018] 60% LTV, decreasing by 20bps from 5.14% to 4.94%, product fee £995
[FO41020] 60% LTV, decreasing by 10bps from 5.24% to 5.14%, product fee £0
[FO41021] 75% LTV, decreasing by 20bps from 5.14% to 4.94%, product fee £995
[FO41023] 75% LTV, decreasing by 9bps from 5.27% to 5.18%, product fee £0
[FO41026] 80% LTV, decreasing by 19bps from 5.49% to 5.30%, product fee £0
[FO41024] 80% LTV, decreasing by 15bps from 5.27% to 5.12%, product fee £995
[FO41027] 85% LTV, decreasing by 3bps from 5.27% to 5.24%, product fee £995
[FO41029] 85% LTV, decreasing by 22bps from 5.52% to 5.30%, product fee £0
[FO41030] 90% LTV, decreasing by 9bps from 5.49% to 5.40%, product fee £995
[FO41032] 90% LTV, decreasing by 10bps from 5.60% to 5.50%, product fee £0
[FO41033] 95% LTV, decreasing by 11bps from 5.95% to 5.84%, product fee £0
5 year fixed rate remortgage
[FO41079] 60% LTV, decreasing by 9bps from 5.29% to 5.20%, product fee £995, cashback £250
[FO41081] 60% LTV, decreasing by 11bps from 5.51% to 5.40%, product fee £0, cashback £250
[FO41051] 60% LTV, decreasing by 11bps from 5.51% to 5.40%, product fee £0
[FO41049] 60% LTV, decreasing by 9bps from 5.29% to 5.20%, product fee £995
[FO41054] 75% LTV, decreasing by 18bps from 5.61% to 5.43%, product fee £0
[FO41082] 75% LTV, decreasing by 11bps from 5.37% to 5.26%, product fee £995, cashback £250
[FO41084] 75% LTV, decreasing by 18bps from 5.61% to 5.43%, product fee £0, cashback £250
[FO41052] 75% LTV, decreasing by 11bps from 5.37% to 5.26%, product fee £995
[FO41055] 80% LTV, decreasing by 20bps from 5.59% to 5.39%, product fee £995
[FO41085] 80% LTV, decreasing by 20bps from 5.59% to 5.39%, product fee £995, cashback £250
[FO41087] 80% LTV, decreasing by 24bps from 5.79% to 5.55%, product fee £0, cashback £250
[FO41057] 80% LTV, decreasing by 24bps from 5.79% to 5.55%, product fee £0
[FO41058] 85% LTV, decreasing by 16bps from 5.68% to 5.52%, product fee £995
[FO41088] 85% LTV, decreasing by 16bps from 5.68% to 5.52%, product fee £995, cashback £250
[FO41090] 85% LTV, decreasing by 11bps from 5.84% to 5.73%, product fee £0, cashback £250
[FO41060] 85% LTV, decreasing by 11bps from 5.84% to 5.73%, product fee £0
[FO41063] 90% LTV, decreasing by 12bps from 5.90% to 5.78%, product fee £0
[FO41091] 90% LTV, decreasing by 7bps from 5.69% to 5.62%, product fee £995, cashback £250
[FO41093] 90% LTV, decreasing by 12bps from 5.90% to 5.78%, product fee £0, cashback £250
[FO41061] 90% LTV, decreasing by 7bps from 5.69% to 5.62%, product fee £995
New Products
2 year fixed rate purchase
[FO41003] 60% LTV, 5.39%, product fee £1,495
[FO41006] 75% LTV, 5.47%, product fee £1,495
[FO41009] 80% LTV, 5.67%, product fee £1,495
[FO41012] 85% LTV, 5.83%, product fee £1,495
[FO41015] 90% LTV, 5.88%, product fee £1,495
2 year fixed rate remortgage
[FO41035] 60% LTV, 5.65%, product fee £1,495
[FO41065] 60% LTV, 5.65%, product fee £1,495, cashback £250
[FO41038] 75% LTV, 5.70%, product fee £1,495
[FO41068] 75% LTV, 5.70%, product fee £1,495, cashback £250
[FO41041] 80% LTV, 5.90%, product fee £1,495
[FO41071] 80% LTV, 5.90%, product fee £1,495, cashback £250
[FO41044] 85% LTV, 6.00%, product fee £1,495
[FO41074] 85% LTV, 6.00%, product fee £1,495, cashback £250
[FO41077] 90% LTV, 6.05%, product fee £1,495, cashback £250
[FO41047] 90% LTV, 6.05%, product fee £1,495
5 year fixed rate purchase
[FO41019] 60% LTV, 4.89%, product fee £1,495
[FO41022] 75% LTV, 4.89%, product fee £1,495
[FO41025] 80% LTV, 5.07%, product fee £1,495
[FO41028] 85% LTV, 5.19%, product fee £1,495
[FO41031] 90% LTV, 5.35%, product fee £1,495
5 year fixed rate remortgage
[FO41050] 60% LTV, 5.15%, product fee £1,495
[FO41080] 60% LTV, 5.15%, product fee £1,495, cashback £250
[FO41083] 75% LTV, 5.21%, product fee £1,495, cashback £250
[FO41053] 75% LTV, 5.21%, product fee £1,495
[FO41086] 80% LTV, 5.34%, product fee £1,495, cashback £250
[FO41056] 80% LTV, 5.34%, product fee £1,495
[FO41059] 85% LTV, 5.47%, product fee £1,495
[FO41089] 85% LTV, 5.47%, product fee £1,495, cashback £250
[FO41092] 90% LTV, 5.57%, product fee £1,495, cashback £250
[FO41062] 90% LTV, 5.57%, product fee £1,495
First Time Buyer
Residential
Rate Changes
2 year fixed rate purchase
[FO41095] 85% LTV, decreasing by 10bps from 6.23% to 6.13%, product fee £0, cashback £250
[FO41094] 85% LTV, decreasing by 5bps from 5.93% to 5.88%, product fee £995, cashback £250
[FO41096] 90% LTV, decreasing by 25bps from 6.18% to 5.93%, product fee £995, cashback £250
[FO41097] 90% LTV, decreasing by 9bps from 6.29% to 6.20%, product fee £0, cashback £250
5 year fixed rate purchase
[FO41099] 85% LTV, decreasing by 22bps from 5.52% to 5.30%, product fee £0, cashback £250
[FO41098] 85% LTV, decreasing by 3bps from 5.27% to 5.24%, product fee £995, cashback £250
[FO41101] 90% LTV, decreasing by 10bps from 5.60% to 5.50%, product fee £0, cashback £250
[FO41100] 90% LTV, decreasing by 9bps from 5.49% to 5.40%, product fee £995, cashback £250
Shared Equity
Residential
Rate Changes
2 year fixed rate purchase
[FO41103] 60% LTV, decreasing by 17bps from 6.08% to 5.91%, product fee £0
[FO41102] 60% LTV, decreasing by 22bps from 5.81% to 5.59%, product fee £995, cashback £250
[FO41105] 75% LTV, decreasing by 17bps from 6.08% to 5.91%, product fee £0
[FO41104] 75% LTV, decreasing by 14bps from 5.81% to 5.67%, product fee £995, cashback £250
5 year fixed rate purchase
[FO41106] 60% LTV, decreasing by 10bps from 5.19% to 5.09%, product fee £995, cashback £250
[FO41107] 60% LTV, decreasing by 6bps from 5.35% to 5.29%, product fee £0
[FO41108] 75% LTV, decreasing by 10bps from 5.19% to 5.09%, product fee £995, cashback £250
[FO41109] 75% LTV, decreasing by 2bps from 5.35% to 5.33%, product fee £0
Help to Buy: shared equity
Residential
Rate Changes
2 year fixed rate remortgage
[FO41111] 60% LTV, decreasing by 14bps from 6.34% to 6.20%, product fee £0, cashback £500
[FO41110] 60% LTV, decreasing by 12bps from 5.97% to 5.85%, product fee £995, cashback £500
[FO41112] 75% LTV, decreasing by 15bps from 6.05% to 5.90%, product fee £995, cashback £500
[FO41113] 75% LTV, decreasing by 11bps from 6.36% to 6.25%, product fee £0, cashback £500
5 year fixed rate remortgage
[FO41115] 60% LTV, decreasing by 5bps from 5.60% to 5.55%, product fee £0, cashback £500
[FO41114] 60% LTV, decreasing by 5bps from 5.40% to 5.35%, product fee £995, cashback £500
[FO41117] 75% LTV, decreasing by 9bps from 5.67% to 5.58%, product fee £0, cashback £500
[FO41116] 75% LTV, decreasing by 4bps from 5.45% to 5.41%, product fee £995, cashback £500
Green Mortgages
Residential
Rate Changes
2 year fixed rate purchase
[FO41118] 60% LTV, decreasing by 20bps from 5.59% to 5.39%, product fee £995
[FO41119] 75% LTV, decreasing by 15bps from 5.62% to 5.47%, product fee £995
[FO41120] 85% LTV, decreasing by 5bps from 5.88% to 5.83%, product fee £995
2 year fixed rate remortgage
[FO41124] 60% LTV, decreasing by 14bps from 5.79% to 5.65%, product fee £995
[FO41130] 60% LTV, decreasing by 14bps from 5.79% to 5.65%, product fee £995, cashback £250
[FO41125] 75% LTV, decreasing by 17bps from 5.87% to 5.70%, product fee £995
[FO41131] 75% LTV, decreasing by 17bps from 5.87% to 5.70%, product fee £995, cashback £250
[FO41132] 85% LTV, decreasing by 8bps from 6.08% to 6.00%, product fee £995, cashback £250
[FO41126] 85% LTV, decreasing by 8bps from 6.08% to 6.00%, product fee £995
5 year fixed rate purchase
[FO41121] 60% LTV, decreasing by 20bps from 5.09% to 4.89%, product fee £995
[FO41122] 75% LTV, decreasing by 20bps from 5.09% to 4.89%, product fee £995
[FO41123] 85% LTV, decreasing by 3bps from 5.22% to 5.19%, product fee £995
5 year fixed rate remortgage
[FO41127] 60% LTV, decreasing by 9bps from 5.24% to 5.15%, product fee £995
[FO41133] 60% LTV, decreasing by 9bps from 5.24% to 5.15%, product fee £995, cashback £250
[FO41134] 75% LTV, decreasing by 11bps from 5.32% to 5.21%, product fee £995, cashback £250
[FO41128] 75% LTV, decreasing by 11bps from 5.32% to 5.21%, product fee £995
[FO41129] 85% LTV, decreasing by 16bps from 5.63% to 5.47%, product fee £995
[FO41135] 85% LTV, decreasing by 16bps from 5.63% to 5.47%, product fee £995, cashback £250
Existing Customer
Core Range
Residential
Rate Changes
2 year fixed rate switcher
[FO40972] 60% LTV, decreasing by 9bps from 6.14% to 6.05%, product fee £0
[FO40970] 60% LTV, decreasing by 29bps from 6.09% to 5.80%, product fee £495
[FO40971] 60% LTV, decreasing by 14bps from 5.84% to 5.70%, product fee £995
[FO40974] 75% LTV, decreasing by 14bps from 6.24% to 6.10%, product fee £0
[FO40973] 75% LTV, decreasing by 17bps from 5.92% to 5.75%, product fee £995
[FO40975] 80% LTV, decreasing by 10bps from 6.05% to 5.95%, product fee £995
[FO40976] 80% LTV, decreasing by 9bps from 6.39% to 6.30%, product fee £0
[FO40978] 85% LTV, decreasing by 14bps from 6.44% to 6.30%, product fee £0
[FO40977] 85% LTV, decreasing by 3bps from 6.08% to 6.05%, product fee £995
[FO40980] 90% LTV, decreasing by 7bps from 6.49% to 6.42%, product fee £0
[FO40979] 90% LTV, decreasing by 5bps from 6.15% to 6.10%, product fee £995
[FO40981] 100% LTV, decreasing by 9bps from 6.39% to 6.30%, product fee £995
[FO40982] 100% LTV, decreasing by 7bps from 6.69% to 6.62%, product fee £0
5 year fixed rate switcher
[FO40984] 60% LTV, decreasing by 9bps from 5.39% to 5.30%, product fee £495
[FO40983] 60% LTV, decreasing by 9bps from 5.29% to 5.20%, product fee £995
[FO40985] 60% LTV, decreasing by 11bps from 5.51% to 5.40%, product fee £0
[FO40987] 75% LTV, decreasing by 18bps from 5.61% to 5.43%, product fee £0
[FO40986] 75% LTV, decreasing by 11bps from 5.37% to 5.26%, product fee £995
[FO40988] 80% LTV, decreasing by 20bps from 5.59% to 5.39%, product fee £995
[FO40989] 80% LTV, decreasing by 24bps from 5.79% to 5.55%, product fee £0
[FO40991] 85% LTV, decreasing by 11bps from 5.84% to 5.73%, product fee £0
[FO40990] 85% LTV, decreasing by 13bps from 5.65% to 5.52%, product fee £995
[FO40992] 90% LTV, decreasing by 3bps from 5.65% to 5.62%, product fee £995
[FO40993] 90% LTV, decreasing by 12bps from 5.90% to 5.78%, product fee £0
BTL Standard Switcher Range
Buy To Let
Rate Changes
2 year fixed rate switcher
[FO40995] 60% LTV, decreasing by 4bps from 6.43% to 6.39%, product fee £0
[FO40994] 60% LTV, decreasing by 18bps from 6.19% to 6.01%, product fee £995
[FO40997] 75% LTV, decreasing by 7bps from 6.64% to 6.57%, product fee £0
[FO40996] 75% LTV, decreasing by 20bps from 6.34% to 6.14%, product fee £995
5 year fixed rate switcher
[FO40999] 60% LTV, decreasing by 8bps from 5.79% to 5.71%, product fee £0
[FO40998] 60% LTV, decreasing by 16bps from 5.49% to 5.33%, product fee £995
[FO41001] 75% LTV, decreasing by 4bps from 5.99% to 5.95%, product fee £0
[FO41000] 75% LTV, decreasing by 11bps from 5.84% to 5.73%, product fee £995
End dates
There are no changes to end dates
Transitional arrangements
You’ll be able to produce Mortgage Illustrations and submit applications online for existing deals up to 10:30pm on Wednesday 27th September 2023.
If you’re unable to submit an application online due to a technical issue that cannot be resolved over the phone, then you must call the Business Development Team on 0345 026 0008 (Relay UK: 18001 0345 026 0008) by midday on Thursday 28th September 2023. Requests received after this time will not be considered.
The detail we will require is as follows:
· Your details - name, company and postcode
· Customer name
· Product applying for
· Amount of mortgage loan
· Reason - If you have experienced a technical issue a clear description of the problem encountered with error code (if applicable) must be provided
Once you have spoken to the team, please submit the case through our intermediary website.
For a complete listing of all our mortgage products, please visit the product page on our website.
Product news - September to June
Effective from Thursday 21st September 2023
Here’s a full list of the changes with product codes in brackets:
New Business
Core Range
Residential
Rate Changes
2 year fixed rate purchase
[FO40637] 60% LTV, decreasing by 17bps from 5.81% to 5.64%, product fee £995
[FO40638] 60% LTV, decreasing by 19bps from 6.12% to 5.93%, product fee £0
[FO40640] 75% LTV, decreasing by 19bps from 6.12% to 5.93%, product fee £0
[FO40639] 75% LTV, decreasing by 14bps from 5.81% to 5.67%, product fee £995
[FO40641] 80% LTV, decreasing by 6bps from 5.99% to 5.93%, product fee £995
[FO40642] 80% LTV, decreasing by 15bps from 6.34% to 6.19%, product fee £0
[FO40643] 85% LTV, decreasing by 6bps from 5.99% to 5.93%, product fee £995
[FO40644] 85% LTV, decreasing by 14bps from 6.37% to 6.23%, product fee £0
[FO40645] 90% LTV, decreasing by 3bps from 6.21% to 6.18%, product fee £995
[FO40646] 90% LTV, decreasing by 15bps from 6.44% to 6.29%, product fee £0
[FO40647] 95% LTV, decreasing by 9bps from 6.78% to 6.69%, product fee £0
2 year fixed rate remortgage
[FO40677] 60% LTV, decreasing by 13bps from 5.97% to 5.84%, product fee £995, cashback £250
[FO40659] 60% LTV, decreasing by 13bps from 5.97% to 5.84%, product fee £995
[FO40660] 60% LTV, decreasing by 20bps from 6.34% to 6.14%, product fee £0
[FO40678] 60% LTV, decreasing by 20bps from 6.34% to 6.14%, product fee £0, cashback £250
[FO40662] 75% LTV, decreasing by 12bps from 6.36% to 6.24%, product fee £0
[FO40680] 75% LTV, decreasing by 12bps from 6.36% to 6.24%, product fee £0, cashback £250
[FO40679] 75% LTV, decreasing by 13bps from 6.05% to 5.92%, product fee £995, cashback £250
[FO40661] 75% LTV, decreasing by 13bps from 6.05% to 5.92%, product fee £995
[FO40682] 80% LTV, decreasing by 5bps from 6.44% to 6.39%, product fee £0, cashback £250
[FO40681] 80% LTV, decreasing by 1bps from 6.10% to 6.09%, product fee £995, cashback £250
[FO40664] 80% LTV, decreasing by 5bps from 6.44% to 6.39%, product fee £0
[FO40663] 80% LTV, decreasing by 1bps from 6.10% to 6.09%, product fee £995
[FO40665] 85% LTV, decreasing by 5bps from 6.49% to 6.44%, product fee £0
[FO40683] 85% LTV, decreasing by 5bps from 6.49% to 6.44%, product fee £0, cashback £250
[FO40685] 90% LTV, decreasing by 1bps from 6.50% to 6.49%, product fee £0, cashback £250
[FO40667] 90% LTV, decreasing by 1bps from 6.50% to 6.49%, product fee £0
[FO40666] 90% LTV, decreasing by 1bps from 6.20% to 6.19%, product fee £995
[FO40684] 90% LTV, decreasing by 1bps from 6.20% to 6.19%, product fee £995, cashback £250
2 year tracker rate purchase
[TO6397] 60% LTV, decreasing by 40bps from 5.79% to 5.39%, product fee £995
5 year fixed rate purchase
[FO40648] 60% LTV, decreasing by 5bps from 5.19% to 5.14%, product fee £995
[FO40649] 60% LTV, decreasing by 11bps from 5.35% to 5.24%, product fee £0
[FO40651] 75% LTV, decreasing by 8bps from 5.35% to 5.27%, product fee £0
[FO40650] 75% LTV, decreasing by 5bps from 5.19% to 5.14%, product fee £995
[FO40653] 80% LTV, decreasing by 9bps from 5.58% to 5.49%, product fee £0
[FO40652] 80% LTV, decreasing by 12bps from 5.39% to 5.27%, product fee £995
[FO40654] 85% LTV, decreasing by 12bps from 5.39% to 5.27%, product fee £995
[FO40655] 85% LTV, decreasing by 6bps from 5.58% to 5.52%, product fee £0
[FO40657] 90% LTV, decreasing by 10bps from 5.70% to 5.60%, product fee £0
[FO40656] 90% LTV, decreasing by 15bps from 5.64% to 5.49%, product fee £995
[FO40658] 95% LTV, decreasing by 4bps from 5.99% to 5.95%, product fee £0
5 year fixed rate remortgage
[FO40668] 60% LTV, decreasing by 11bps from 5.40% to 5.29%, product fee £995
[FO40686] 60% LTV, decreasing by 11bps from 5.40% to 5.29%, product fee £995, cashback £250
[FO40687] 60% LTV, decreasing by 9bps from 5.60% to 5.51%, product fee £0, cashback £250
[FO40669] 60% LTV, decreasing by 9bps from 5.60% to 5.51%, product fee £0
[FO40670] 75% LTV, decreasing by 8bps from 5.45% to 5.37%, product fee £995
[FO40689] 75% LTV, decreasing by 6bps from 5.67% to 5.61%, product fee £0, cashback £250
[FO40671] 75% LTV, decreasing by 6bps from 5.67% to 5.61%, product fee £0
[FO40688] 75% LTV, decreasing by 8bps from 5.45% to 5.37%, product fee £995, cashback £250
[FO40690] 80% LTV, decreasing by 5bps from 5.64% to 5.59%, product fee £995, cashback £250
[FO40672] 80% LTV, decreasing by 5bps from 5.64% to 5.59%, product fee £995
[FO40673] 80% LTV, decreasing by 1bps from 5.80% to 5.79%, product fee £0
[FO40691] 80% LTV, decreasing by 1bps from 5.80% to 5.79%, product fee £0, cashback £250
[FO40675] 85% LTV, decreasing by 6bps from 5.90% to 5.84%, product fee £0
[FO40692] 85% LTV, decreasing by 2bps from 5.70% to 5.68%, product fee £995, cashback £250
[FO40674] 85% LTV, decreasing by 2bps from 5.70% to 5.68%, product fee £995
[FO40693] 85% LTV, decreasing by 6bps from 5.90% to 5.84%, product fee £0, cashback £250
[FO40694] 90% LTV, decreasing by 1bps from 5.70% to 5.69%, product fee £995, cashback £250
[FO40676] 90% LTV, decreasing by 1bps from 5.70% to 5.69%, product fee £995
First Time Buyer
Residential
Rate Changes
2 year fixed rate purchase
[FO40696] 85% LTV, decreasing by 14bps from 6.37% to 6.23%, product fee £0, cashback £250
[FO40695] 85% LTV, decreasing by 6bps from 5.99% to 5.93%, product fee £995, cashback £250
[FO40698] 90% LTV, decreasing by 15bps from 6.44% to 6.29%, product fee £0, cashback £250
[FO40697] 90% LTV, decreasing by 3bps from 6.21% to 6.18%, product fee £995, cashback £250
5 year fixed rate purchase
[FO40699] 85% LTV, decreasing by 12bps from 5.39% to 5.27%, product fee £995, cashback £250
[FO40700] 85% LTV, decreasing by 6bps from 5.58% to 5.52%, product fee £0, cashback £250
[FO40702] 90% LTV, decreasing by 10bps from 5.70% to 5.60%, product fee £0, cashback £250
[FO40701] 90% LTV, decreasing by 15bps from 5.64% to 5.49%, product fee £995, cashback £250
Shared Equity
Residential
Rate Changes
2 year fixed rate purchase
[FO40703] 60% LTV, decreasing by 4bps from 6.12% to 6.08%, product fee £0
[FO40704] 75% LTV, decreasing by 4bps from 6.12% to 6.08%, product fee £0
Help to Buy: shared equity
Residential
Rate Changes
2 year fixed rate remortgage
[FO40705] 60% LTV, decreasing by 22bps from 6.19% to 5.97%, product fee £995, cashback £500
[FO40706] 60% LTV, decreasing by 10bps from 6.44% to 6.34%, product fee £0, cashback £500
[FO40708] 75% LTV, decreasing by 10bps from 6.46% to 6.36%, product fee £0, cashback £500
[FO40707] 75% LTV, decreasing by 14bps from 6.19% to 6.05%, product fee £995, cashback £500
5 year fixed rate remortgage
[FO40709] 60% LTV, decreasing by 19bps from 5.59% to 5.40%, product fee £995, cashback £500
[FO40710] 60% LTV, decreasing by 17bps from 5.77% to 5.60%, product fee £0, cashback £500
[FO40712] 75% LTV, decreasing by 10bps from 5.77% to 5.67%, product fee £0, cashback £500
[FO40711] 75% LTV, decreasing by 19bps from 5.64% to 5.45%, product fee £995, cashback £500
BTL Range
Buy To Let
Rate Changes
2 year fixed rate purchase
[FO40718] 60% LTV, decreasing by 9bps from 6.44% to 6.35%, product fee £0
[FO40717] 60% LTV, decreasing by 31bps from 6.29% to 5.98%, product fee £995
[FO40713] 60% LTV, decreasing by 20bps from 6.14% to 5.94%, product fee £1,495
[FO40720] 75% LTV, decreasing by 5bps from 6.54% to 6.49%, product fee £0
[FO40719] 75% LTV, decreasing by 29bps from 6.37% to 6.08%, product fee £995
[FO40714] 75% LTV, decreasing by 10bps from 6.14% to 6.04%, product fee £1,495
2 year fixed rate remortgage
[FO40725] 60% LTV, decreasing by 20bps from 6.14% to 5.94%, product fee £1,495
[FO40727] 60% LTV, decreasing by 21bps from 6.19% to 5.98%, product fee £995
[FO40728] 60% LTV, decreasing by 17bps from 6.54% to 6.37%, product fee £0
[FO40736] 60% LTV, decreasing by 17bps from 6.54% to 6.37%, product fee £0, cashback £250
[FO40735] 60% LTV, decreasing by 21bps from 6.19% to 5.98%, product fee £995, cashback £250
[FO40726] 75% LTV, decreasing by 11bps from 6.14% to 6.03%, product fee £1,495
[FO40729] 75% LTV, decreasing by 21bps from 6.29% to 6.08%, product fee £995
[FO40737] 75% LTV, decreasing by 21bps from 6.29% to 6.08%, product fee £995, cashback £250
[FO40730] 75% LTV, decreasing by 11bps from 6.59% to 6.48%, product fee £0
[FO40738] 75% LTV, decreasing by 11bps from 6.59% to 6.48%, product fee £0, cashback £250
5 year fixed rate purchase
[FO40721] 60% LTV, decreasing by 20bps from 5.69% to 5.49%, product fee £995
[FO40722] 60% LTV, decreasing by 12bps from 5.74% to 5.62%, product fee £0
[FO40715] 60% LTV, decreasing by 15bps from 5.39% to 5.24%, product fee £3,499
[FO40724] 75% LTV, decreasing by 5bps from 5.84% to 5.79%, product fee £0
[FO40716] 75% LTV, decreasing by 5bps from 5.39% to 5.34%, product fee £3,499
[FO40723] 75% LTV, decreasing by 14bps from 5.82% to 5.68%, product fee £995
5 year fixed rate remortgage
[FO40740] 60% LTV, decreasing by 16bps from 5.78% to 5.62%, product fee £0, cashback £250
[FO40731] 60% LTV, decreasing by 13bps from 5.64% to 5.51%, product fee £995
[FO40732] 60% LTV, decreasing by 16bps from 5.78% to 5.62%, product fee £0
[FO40739] 60% LTV, decreasing by 13bps from 5.64% to 5.51%, product fee £995, cashback £250
[FO40741] 75% LTV, decreasing by 17bps from 5.84% to 5.67%, product fee £995, cashback £250
[FO40733] 75% LTV, decreasing by 17bps from 5.84% to 5.67%, product fee £995
[FO40742] 75% LTV, decreasing by 16bps from 5.98% to 5.82%, product fee £0, cashback £250
[FO40734] 75% LTV, decreasing by 16bps from 5.98% to 5.82%, product fee £0
Green Mortgages
Residential
Rate Changes
2 year fixed rate purchase
[FO40743] 60% LTV, decreasing by 17bps from 5.76% to 5.59%, product fee £995
[FO40744] 75% LTV, decreasing by 14bps from 5.76% to 5.62%, product fee £995
[FO40745] 85% LTV, decreasing by 6bps from 5.94% to 5.88%, product fee £995
2 year fixed rate remortgage
[FO40754] 60% LTV, decreasing by 13bps from 5.92% to 5.79%, product fee £995, cashback £250
[FO40749] 60% LTV, decreasing by 13bps from 5.92% to 5.79%, product fee £995
[FO40755] 75% LTV, decreasing by 13bps from 6.00% to 5.87%, product fee £995, cashback £250
[FO40750] 75% LTV, decreasing by 13bps from 6.00% to 5.87%, product fee £995
5 year fixed rate purchase
[FO40746] 60% LTV, decreasing by 5bps from 5.14% to 5.09%, product fee £995
[FO40747] 75% LTV, decreasing by 5bps from 5.14% to 5.09%, product fee £995
[FO40748] 85% LTV, decreasing by 12bps from 5.34% to 5.22%, product fee £995
5 year fixed rate remortgage
[FO40751] 60% LTV, decreasing by 11bps from 5.35% to 5.24%, product fee £995
[FO40756] 60% LTV, decreasing by 11bps from 5.35% to 5.24%, product fee £995, cashback £250
[FO40752] 75% LTV, decreasing by 8bps from 5.40% to 5.32%, product fee £995
[FO40757] 75% LTV, decreasing by 8bps from 5.40% to 5.32%, product fee £995, cashback £250
[FO40758] 85% LTV, decreasing by 2bps from 5.65% to 5.63%, product fee £995, cashback £250
[FO40753] 85% LTV, decreasing by 2bps from 5.65% to 5.63%, product fee £995
BTL Green Mortgages
Buy To Let
Rate Changes
2 year fixed rate purchase
[FO40759] 65% LTV, decreasing by 31bps from 6.24% to 5.93%, product fee £995
[FO40760] 75% LTV, decreasing by 29bps from 6.32% to 6.03%, product fee £995
2 year fixed rate remortgage
[FO40763] 65% LTV, decreasing by 21bps from 6.14% to 5.93%, product fee £995
[FO40767] 65% LTV, decreasing by 21bps from 6.14% to 5.93%, product fee £995, cashback £250
[FO40764] 75% LTV, decreasing by 21bps from 6.24% to 6.03%, product fee £995
[FO40768] 75% LTV, decreasing by 21bps from 6.24% to 6.03%, product fee £995, cashback £250
5 year fixed rate purchase
[FO40761] 65% LTV, decreasing by 20bps from 5.64% to 5.44%, product fee £995
[FO40762] 75% LTV, decreasing by 14bps from 5.77% to 5.63%, product fee £995
5 year fixed rate remortgage
[FO40765] 65% LTV, decreasing by 13bps from 5.59% to 5.46%, product fee £995
[FO40769] 65% LTV, decreasing by 13bps from 5.59% to 5.46%, product fee £995, cashback £250
[FO40766] 75% LTV, decreasing by 17bps from 5.79% to 5.62%, product fee £995
[FO40770] 75% LTV, decreasing by 17bps from 5.79% to 5.62%, product fee £995, cashback £250
Existing Customer
Core Range
Residential
Rate Changes
2 year fixed rate switcher
[FO40772] 60% LTV, decreasing by 6bps from 6.15% to 6.09%, product fee £495
[FO40771] 60% LTV, decreasing by 8bps from 5.92% to 5.84%, product fee £995
[FO40773] 60% LTV, decreasing by 20bps from 6.34% to 6.14%, product fee £0
[FO40776] 80% LTV, decreasing by 5bps from 6.44% to 6.39%, product fee £0
[FO40777] 85% LTV, decreasing by 5bps from 6.49% to 6.44%, product fee £0
5 year fixed rate switcher
[FO40779] 60% LTV, decreasing by 6bps from 5.35% to 5.29%, product fee £995
[FO40780] 60% LTV, decreasing by 9bps from 5.60% to 5.51%, product fee £0
[FO40778] 60% LTV, decreasing by 11bps from 5.50% to 5.39%, product fee £495
[FO40783] 80% LTV, decreasing by 1bps from 5.80% to 5.79%, product fee £0
[FO40784] 85% LTV, decreasing by 6bps from 5.90% to 5.84%, product fee £0
New Products
2 year fixed rate switcher
[FO40775] 75% LTV, 6.24%, product fee £0
[FO40774] 75% LTV, 5.92%, product fee £995
2 year tracker rate switcher
[TO6399] 75% LTV, 6.18%, product fee £0
[TO6398] 75% LTV, 5.89%, product fee £995
5 year fixed rate switcher
[FO40781] 75% LTV, 5.37%, product fee £995
[FO40782] 75% LTV, 5.61%, product fee £0
Withdrawn
2 year fixed rate switcher
[FO40184] 75% LTV, 6.36%, product fee £0
[FO40354] 75% LTV, 6.00%, product fee £995
2 year tracker rate switcher
[TO6336] 75% LTV, 6.18%, product fee £0
[TO6303] 75% LTV, 5.89%, product fee £995
5 year fixed rate switcher
[FO40364] 75% LTV, 5.40%, product fee £995
[FO40192] 75% LTV, 5.67%, product fee £0
End dates
2 Year Term End Dates Moving from 31 December 2025 to 31 January 2026
5 Year Term End Dates Moving from 31 December 2028 to 31 January 2029
Transitional arrangements
You’ll be able to produce Mortgage Illustrations and submit applications online for existing deals up to 10:30pm on Wednesday 20th September 2023.
If you’re unable to submit an application online due to a technical issue that cannot be resolved over the phone, then you must call the Business Development Team on 0345 026 0008 (Relay UK: 18001 0345 026 0008) by midday on Thursday 21st September 2023. Requests received after this time will not be considered.
The detail we will require is as follows:
· Your details - name, company and postcode
· Customer name
· Product applying for
· Amount of mortgage loan
· Reason - If you have experienced a technical issue a clear description of the problem encountered with error code (if applicable) must be provided
Once you have spoken to the team, please submit the case through our intermediary website.
For a complete listing of all our mortgage products, please visit the product page on our website.
Effective from Friday 8th September 2023
Here’s a full list of the changes with product codes in brackets:
New Business
Core Range
Residential
Rate Changes
5 year fixed rate purchase
[FO40297] 90% LTV, decreasing by 4bps from 5.74% to 5.70%, product fee £0
[FO40298] 95% LTV, decreasing by 5bps from 6.04% to 5.99%, product fee £0
5 year fixed rate remortgage
[FO40317] 60% LTV, decreasing by 9bps from 5.49% to 5.40%, product fee £995, cashback £250
[FO40305] 60% LTV, decreasing by 9bps from 5.49% to 5.40%, product fee £995
[FO40306] 60% LTV, decreasing by 7bps from 5.67% to 5.60%, product fee £0
[FO40318] 60% LTV, decreasing by 7bps from 5.67% to 5.60%, product fee £0, cashback £250
[FO40307] 75% LTV, decreasing by 9bps from 5.54% to 5.45%, product fee £995
[FO40319] 75% LTV, decreasing by 9bps from 5.54% to 5.45%, product fee £995, cashback £250
[FO40320] 80% LTV, decreasing by 3bps from 5.83% to 5.80%, product fee £0, cashback £250
[FO40308] 80% LTV, decreasing by 3bps from 5.83% to 5.80%, product fee £0
[FO40321] 85% LTV, decreasing by 3bps from 5.73% to 5.70%, product fee £995, cashback £250
[FO40309] 85% LTV, decreasing by 3bps from 5.73% to 5.70%, product fee £995
2 year fixed rate purchase
[FO40285] 60% LTV, decreasing by 13bps from 5.94% to 5.81%, product fee £995
[FO40286] 60% LTV, decreasing by 7bps from 6.19% to 6.12%, product fee £0
[FO40287] 75% LTV, decreasing by 18bps from 5.99% to 5.81%, product fee £995
[FO40288] 75% LTV, decreasing by 12bps from 6.24% to 6.12%, product fee £0
[FO40289] 80% LTV, decreasing by 10bps from 6.09% to 5.99%, product fee £995
[FO40290] 85% LTV, decreasing by 15bps from 6.14% to 5.99%, product fee £995
2 year fixed rate remortgage
[FO40311] 60% LTV, decreasing by 12bps from 6.09% to 5.97%, product fee £995, cashback £250
[FO40299] 60% LTV, decreasing by 12bps from 6.09% to 5.97%, product fee £995
[FO40300] 75% LTV, decreasing by 4bps from 6.09% to 6.05%, product fee £995
[FO40312] 75% LTV, decreasing by 4bps from 6.09% to 6.05%, product fee £995, cashback £250
[FO40313] 80% LTV, decreasing by 9bps from 6.19% to 6.10%, product fee £995, cashback £250
[FO40301] 80% LTV, decreasing by 9bps from 6.19% to 6.10%, product fee £995
[FO40302] 85% LTV, decreasing by 6bps from 6.19% to 6.13%, product fee £995
[FO40314] 85% LTV, decreasing by 6bps from 6.19% to 6.13%, product fee £995, cashback £250
[FO40303] 90% LTV, decreasing by 4bps from 6.24% to 6.20%, product fee £995
[FO40316] 90% LTV, decreasing by 3bps from 6.53% to 6.50%, product fee £0, cashback £250
[FO40315] 90% LTV, decreasing by 4bps from 6.24% to 6.20%, product fee £995, cashback £250
[FO40304] 90% LTV, decreasing by 3bps from 6.53% to 6.50%, product fee £0
5 year fixed rate purchase
[FO40291] 60% LTV, decreasing by 8bps from 5.27% to 5.19%, product fee £995
[FO40292] 60% LTV, decreasing by 9bps from 5.44% to 5.35%, product fee £0
[FO40294] 75% LTV, decreasing by 9bps from 5.44% to 5.35%, product fee £0
[FO40293] 75% LTV, decreasing by 10bps from 5.29% to 5.19%, product fee £995
[FO40295] 80% LTV, decreasing by 2bps from 5.41% to 5.39%, product fee £995
[FO40296] 85% LTV, decreasing by 2bps from 5.41% to 5.39%, product fee £995
5 year fixed rate remortgage
[FO40322] 90% LTV, decreasing by 7bps from 5.77% to 5.70%, product fee £995, cashback £250
[FO40310] 90% LTV, decreasing by 7bps from 5.77% to 5.70%, product fee £995
First Time Buyer
Residential
Rate Changes
2 year fixed rate purchase
[FO40323] 85% LTV, decreasing by 15bps from 6.14% to 5.99%, product fee £995, cashback £250
5 year fixed rate purchase
[FO40324] 85% LTV, decreasing by 2bps from 5.41% to 5.39%, product fee £995, cashback £250
[FO40325] 90% LTV, decreasing by 4bps from 5.74% to 5.70%, product fee £0, cashback £250
Shared Equity
Residential
Rate Changes
2 year fixed rate purchase
[FO40327] 60% LTV, decreasing by 17bps from 6.29% to 6.12%, product fee £0
[FO40326] 60% LTV, decreasing by 23bps from 6.04% to 5.81%, product fee £995, cashback £250
[FO40329] 75% LTV, decreasing by 22bps from 6.34% to 6.12%, product fee £0
[FO40328] 75% LTV, decreasing by 28bps from 6.09% to 5.81%, product fee £995, cashback £250
5 year fixed rate purchase
[FO40331] 60% LTV, decreasing by 19bps from 5.54% to 5.35%, product fee £0
[FO40330] 60% LTV, decreasing by 18bps from 5.37% to 5.19%, product fee £995, cashback £250
[FO40332] 75% LTV, decreasing by 20bps from 5.39% to 5.19%, product fee £995, cashback £250
[FO40333] 75% LTV, decreasing by 19bps from 5.54% to 5.35%, product fee £0
Green Mortgages
Residential
Rate Changes
2 year fixed rate purchase
[FO40334] 60% LTV, decreasing by 13bps from 5.89% to 5.76%, product fee £995
[FO40335] 75% LTV, decreasing by 18bps from 5.94% to 5.76%, product fee £995
[FO40336] 85% LTV, decreasing by 15bps from 6.09% to 5.94%, product fee £995
2 year fixed rate remortgage
[FO40340] 60% LTV, decreasing by 12bps from 6.04% to 5.92%, product fee £995
[FO40346] 60% LTV, decreasing by 12bps from 6.04% to 5.92%, product fee £995, cashback £250
[FO40341] 75% LTV, decreasing by 4bps from 6.04% to 6.00%, product fee £995
[FO40347] 75% LTV, decreasing by 4bps from 6.04% to 6.00%, product fee £995, cashback £250
[FO40348] 85% LTV, decreasing by 6bps from 6.14% to 6.08%, product fee £995, cashback £250
[FO40342] 85% LTV, decreasing by 6bps from 6.14% to 6.08%, product fee £995
5 year fixed rate purchase
[FO40337] 60% LTV, decreasing by 8bps from 5.22% to 5.14%, product fee £995
[FO40338] 75% LTV, decreasing by 10bps from 5.24% to 5.14%, product fee £995
[FO40339] 85% LTV, decreasing by 2bps from 5.36% to 5.34%, product fee £995
5 year fixed rate remortgage
[FO40343] 60% LTV, decreasing by 9bps from 5.44% to 5.35%, product fee £995
[FO40349] 60% LTV, decreasing by 9bps from 5.44% to 5.35%, product fee £995, cashback £250
[FO40350] 75% LTV, decreasing by 9bps from 5.49% to 5.40%, product fee £995, cashback £250
[FO40344] 75% LTV, decreasing by 9bps from 5.49% to 5.40%, product fee £995
[FO40345] 85% LTV, decreasing by 3bps from 5.68% to 5.65%, product fee £995
[FO40351] 85% LTV, decreasing by 3bps from 5.68% to 5.65%, product fee £995, cashback £250
Existing Customer
Core Range
Residential
Rate Changes
2 year fixed rate switcher
[FO40352] 60% LTV, decreasing by 6bps from 6.21% to 6.15%, product fee £495
[FO40353] 60% LTV, decreasing by 12bps from 6.04% to 5.92%, product fee £995
[FO40354] 75% LTV, decreasing by 4bps from 6.04% to 6.00%, product fee £995
[FO40355] 80% LTV, decreasing by 9bps from 6.14% to 6.05%, product fee £995
[FO40356] 85% LTV, decreasing by 6bps from 6.14% to 6.08%, product fee £995
[FO40358] 90% LTV, decreasing by 4bps from 6.53% to 6.49%, product fee £0
[FO40357] 90% LTV, decreasing by 4bps from 6.19% to 6.15%, product fee £995
[FO40360] 100% LTV, decreasing by 15bps from 6.84% to 6.69%, product fee £0
[FO40359] 100% LTV, decreasing by 30bps from 6.69% to 6.39%, product fee £995
5 year fixed rate switcher
[FO40362] 60% LTV, decreasing by 9bps from 5.44% to 5.35%, product fee £995
[FO40361] 60% LTV, decreasing by 8bps from 5.58% to 5.50%, product fee £495
[FO40363] 60% LTV, decreasing by 7bps from 5.67% to 5.60%, product fee £0
[FO40364] 75% LTV, decreasing by 9bps from 5.49% to 5.40%, product fee £995
[FO40365] 80% LTV, decreasing by 3bps from 5.83% to 5.80%, product fee £0
[FO40366] 85% LTV, decreasing by 3bps from 5.68% to 5.65%, product fee £995
[FO40367] 90% LTV, decreasing by 7bps from 5.72% to 5.65%, product fee £995
BTL Standard Switcher Range
Buy To Let
Rate Changes
2 year fixed rate switcher
[FO40369] 60% LTV, decreasing by 11bps from 6.54% to 6.43%, product fee £0
[FO40368] 60% LTV, decreasing by 10bps from 6.29% to 6.19%, product fee £995
[FO40370] 75% LTV, decreasing by 15bps from 6.49% to 6.34%, product fee £995
[FO40371] 75% LTV, decreasing by 5bps from 6.69% to 6.64%, product fee £0
5 year fixed rate switcher
[FO40372] 60% LTV, decreasing by 20bps from 5.69% to 5.49%, product fee £995
[FO40373] 60% LTV, decreasing by 10bps from 5.89% to 5.79%, product fee £0
[FO40375] 75% LTV, decreasing by 10bps from 6.09% to 5.99%, product fee £0
[FO40374] 75% LTV, decreasing by 2bps from 5.86% to 5.84%, product fee £995
End dates
There are no changes to end dates
Transitional arrangements
You’ll be able to produce Mortgage Illustrations and submit applications online for existing deals up to 10:30pm on Thursday 7th September 2023.
If you’re unable to submit an application online due to a technical issue that cannot be resolved over the phone, then you must call the Business Development Team on 0345 026 0008 (Relay UK: 18001 0345 026 0008) by midday on Friday 8th September 2023. Requests received after this time will not be considered.
The detail we will require is as follows:
· Your details - name, company and postcode
· Customer name
· Product applying for
· Amount of mortgage loan
· Reason - If you have experienced a technical issue a clear description of the problem encountered with error code (if applicable) must be provided
Once you have spoken to the team, please submit the case through our intermediary website.
For a complete listing of all our mortgage products, please visit the product page on our website.
Effective from Tuesday 5th September 2023
Here’s a full list of the changes with product codes in brackets:
New Business
Core Range
Residential
Rate Changes
2 year fixed rate purchase
[FO40083] 80% LTV, decreasing by 15bps from 6.49% to 6.34%, product fee £0
[FO40084] 85% LTV, decreasing by 15bps from 6.52% to 6.37%, product fee £0
[FO40085] 90% LTV, decreasing by 7bps from 6.28% to 6.21%, product fee £995
[FO40086] 90% LTV, decreasing by 9bps from 6.53% to 6.44%, product fee £0
[FO40087] 95% LTV, decreasing by 19bps from 6.97% to 6.78%, product fee £0
2 year fixed rate remortgage
[FO40095] 60% LTV, decreasing by 5bps from 6.39% to 6.34%, product fee £0
[FO40109] 60% LTV, decreasing by 5bps from 6.39% to 6.34%, product fee £0, cashback £250
[FO40096] 75% LTV, decreasing by 3bps from 6.39% to 6.36%, product fee £0
[FO40110] 75% LTV, decreasing by 3bps from 6.39% to 6.36%, product fee £0, cashback £250
[FO40111] 80% LTV, decreasing by 5bps from 6.24% to 6.19%, product fee £995, cashback £250
[FO40112] 80% LTV, decreasing by 8bps from 6.52% to 6.44%, product fee £0, cashback £250
[FO40098] 80% LTV, decreasing by 8bps from 6.52% to 6.44%, product fee £0
[FO40097] 80% LTV, decreasing by 5bps from 6.24% to 6.19%, product fee £995
[FO40100] 85% LTV, decreasing by 3bps from 6.52% to 6.49%, product fee £0
[FO40099] 85% LTV, decreasing by 5bps from 6.24% to 6.19%, product fee £995
[FO40114] 85% LTV, decreasing by 3bps from 6.52% to 6.49%, product fee £0, cashback £250
[FO40113] 85% LTV, decreasing by 5bps from 6.24% to 6.19%, product fee £995, cashback £250
[FO40101] 90% LTV, decreasing by 1bps from 6.54% to 6.53%, product fee £0
[FO40115] 90% LTV, decreasing by 1bps from 6.54% to 6.53%, product fee £0, cashback £250
2 year tracker rate purchase
[TO6311] 60% LTV, decreasing by 50bps from 6.59% to 6.09%, product fee £0
[TO6312] 75% LTV, decreasing by 55bps from 6.64% to 6.09%, product fee £0
[TO6313] 80% LTV, decreasing by 10bps from 6.04% to 5.94%, product fee £995
[TO6314] 80% LTV, decreasing by 51bps from 6.74% to 6.23%, product fee £0
[TO6316] 85% LTV, decreasing by 45bps from 6.74% to 6.29%, product fee £0
[TO6315] 85% LTV, decreasing by 10bps from 6.09% to 5.99%, product fee £995
[TO6317] 90% LTV, decreasing by 41bps from 6.59% to 6.18%, product fee £995
[TO6318] 90% LTV, decreasing by 46bps from 6.79% to 6.33%, product fee £0
2 year tracker rate remortgage
[TO6319] 60% LTV, decreasing by 41bps from 6.59% to 6.18%, product fee £0
[TO6327] 60% LTV, decreasing by 41bps from 6.59% to 6.18%, product fee £0, cashback £250
[TO6328] 75% LTV, decreasing by 46bps from 6.64% to 6.18%, product fee £0, cashback £250
[TO6320] 75% LTV, decreasing by 46bps from 6.64% to 6.18%, product fee £0
[TO6322] 80% LTV, decreasing by 45bps from 6.74% to 6.29%, product fee £0
[TO6321] 80% LTV, decreasing by 10bps from 6.04% to 5.94%, product fee £995
[TO6329] 80% LTV, decreasing by 10bps from 6.04% to 5.94%, product fee £995, cashback £250
[TO6330] 80% LTV, decreasing by 45bps from 6.74% to 6.29%, product fee £0, cashback £250
[TO6331] 85% LTV, decreasing by 10bps from 6.09% to 5.99%, product fee £995, cashback £250
[TO6332] 85% LTV, decreasing by 40bps from 6.74% to 6.34%, product fee £0, cashback £250
[TO6323] 85% LTV, decreasing by 10bps from 6.09% to 5.99%, product fee £995
[TO6324] 85% LTV, decreasing by 40bps from 6.74% to 6.34%, product fee £0
[TO6325] 90% LTV, decreasing by 41bps from 6.59% to 6.18%, product fee £995
[TO6326] 90% LTV, decreasing by 41bps from 6.79% to 6.38%, product fee £0
[TO6334] 90% LTV, decreasing by 41bps from 6.79% to 6.38%, product fee £0, cashback £250
[TO6333] 90% LTV, decreasing by 41bps from 6.59% to 6.18%, product fee £995, cashback £250
5 year fixed rate purchase
[FO40088] 80% LTV, decreasing by 3bps from 5.44% to 5.41%, product fee £995
[FO40089] 80% LTV, decreasing by 6bps from 5.64% to 5.58%, product fee £0
[FO40090] 85% LTV, decreasing by 3bps from 5.44% to 5.41%, product fee £995
[FO40091] 85% LTV, decreasing by 6bps from 5.64% to 5.58%, product fee £0
[FO40093] 90% LTV, decreasing by 19bps from 5.93% to 5.74%, product fee £0
[FO40092] 90% LTV, decreasing by 5bps from 5.69% to 5.64%, product fee £995
[FO40094] 95% LTV, decreasing by 35bps from 6.39% to 6.04%, product fee £0
5 year fixed rate remortgage
[FO40102] 60% LTV, decreasing by 2bps from 5.69% to 5.67%, product fee £0
[FO40116] 60% LTV, decreasing by 2bps from 5.69% to 5.67%, product fee £0, cashback £250
[FO40103] 75% LTV, decreasing by 2bps from 5.69% to 5.67%, product fee £0
[FO40117] 75% LTV, decreasing by 2bps from 5.69% to 5.67%, product fee £0, cashback £250
[FO40104] 80% LTV, decreasing by 5bps from 5.69% to 5.64%, product fee £995
[FO40118] 80% LTV, decreasing by 5bps from 5.69% to 5.64%, product fee £995, cashback £250
[FO40119] 85% LTV, decreasing by 6bps from 5.79% to 5.73%, product fee £995, cashback £250
[FO40105] 85% LTV, decreasing by 6bps from 5.79% to 5.73%, product fee £995
[FO40120] 85% LTV, decreasing by 3bps from 5.93% to 5.90%, product fee £0, cashback £250
[FO40106] 85% LTV, decreasing by 3bps from 5.93% to 5.90%, product fee £0
[FO40121] 90% LTV, decreasing by 2bps from 5.79% to 5.77%, product fee £995, cashback £250
[FO40122] 90% LTV, decreasing by 4bps from 5.94% to 5.90%, product fee £0, cashback £250
[FO40108] 90% LTV, decreasing by 4bps from 5.94% to 5.90%, product fee £0
[FO40107] 90% LTV, decreasing by 2bps from 5.79% to 5.77%, product fee £995
Withdrawn
5 year fixed rate purchase
[FO39976] 60% LTV, 5.22%, product fee £1,495
[FO39979] 75% LTV, 5.24%, product fee £1,495
[FO39982] 80% LTV, 5.39%, product fee £1,495
[FO40009] 85% LTV, 5.39%, product fee £1,495
5 year fixed rate remortgage
[FO40018] 60% LTV, 5.44%, product fee £1,495, cashback £250
[FO39998] 60% LTV, 5.44%, product fee £1,495
[FO40021] 75% LTV, 5.49%, product fee £1,495, cashback £250
[FO40001] 75% LTV, 5.49%, product fee £1,495
First Time Buyer
Residential
Rate Changes
2 year fixed rate purchase
[FO40123] 85% LTV, decreasing by 15bps from 6.52% to 6.37%, product fee £0, cashback £250
[FO40125] 90% LTV, decreasing by 9bps from 6.53% to 6.44%, product fee £0, cashback £250
[FO40124] 90% LTV, decreasing by 7bps from 6.28% to 6.21%, product fee £995, cashback £250
5 year fixed rate purchase
[FO40126] 85% LTV, decreasing by 3bps from 5.44% to 5.41%, product fee £995, cashback £250
[FO40127] 85% LTV, decreasing by 6bps from 5.64% to 5.58%, product fee £0, cashback £250
[FO40129] 90% LTV, decreasing by 19bps from 5.93% to 5.74%, product fee £0, cashback £250
[FO40128] 90% LTV, decreasing by 5bps from 5.69% to 5.64%, product fee £995, cashback £250
Help to Buy: shared equity
Residential
Rate Changes
2 year fixed rate remortgage
[FO40130] 60% LTV, decreasing by 5bps from 6.49% to 6.44%, product fee £0, cashback £500
[FO40131] 75% LTV, decreasing by 3bps from 6.49% to 6.46%, product fee £0, cashback £500
5 year fixed rate remortgage
[FO40132] 60% LTV, decreasing by 2bps from 5.79% to 5.77%, product fee £0, cashback £500
[FO40133] 75% LTV, decreasing by 2bps from 5.79% to 5.77%, product fee £0, cashback £500
BTL Range
Buy To Let
Rate Changes
2 year fixed rate purchase
[FO40135] 60% LTV, decreasing by 16bps from 6.60% to 6.44%, product fee £0
[FO40134] 60% LTV, decreasing by 10bps from 6.39% to 6.29%, product fee £995
[FO40142] 60% LTV, decreasing by 15bps from 6.29% to 6.14%, product fee £1,495
[FO40136] 75% LTV, decreasing by 22bps from 6.59% to 6.37%, product fee £995
[FO40143] 75% LTV, decreasing by 35bps from 6.49% to 6.14%, product fee £1,495
[FO40137] 75% LTV, decreasing by 25bps from 6.79% to 6.54%, product fee £0
2 year fixed rate remortgage
[FO40159] 60% LTV, decreasing by 9bps from 6.63% to 6.54%, product fee £0, cashback £250
[FO40146] 60% LTV, decreasing by 10bps from 6.29% to 6.19%, product fee £995
[FO40147] 60% LTV, decreasing by 9bps from 6.63% to 6.54%, product fee £0
[FO40158] 60% LTV, decreasing by 10bps from 6.29% to 6.19%, product fee £995, cashback £250
[FO40156] 60% LTV, decreasing by 5bps from 6.19% to 6.14%, product fee £1,495
[FO40161] 75% LTV, decreasing by 25bps from 6.84% to 6.59%, product fee £0, cashback £250
[FO40149] 75% LTV, decreasing by 25bps from 6.84% to 6.59%, product fee £0
[FO40157] 75% LTV, decreasing by 25bps from 6.39% to 6.14%, product fee £1,495
[FO40160] 75% LTV, decreasing by 20bps from 6.49% to 6.29%, product fee £995, cashback £250
[FO40148] 75% LTV, decreasing by 20bps from 6.49% to 6.29%, product fee £995
5 year fixed rate purchase
[FO40139] 60% LTV, decreasing by 20bps from 5.94% to 5.74%, product fee £0
[FO40138] 60% LTV, decreasing by 5bps from 5.74% to 5.69%, product fee £995
[FO40140] 75% LTV, decreasing by 7bps from 5.89% to 5.82%, product fee £995
[FO40141] 75% LTV, decreasing by 15bps from 5.99% to 5.84%, product fee £0
5 year fixed rate remortgage
[FO40150] 60% LTV, decreasing by 10bps from 5.74% to 5.64%, product fee £995
[FO40151] 60% LTV, decreasing by 16bps from 5.94% to 5.78%, product fee £0
[FO40163] 60% LTV, decreasing by 16bps from 5.94% to 5.78%, product fee £0, cashback £250
[FO40162] 60% LTV, decreasing by 10bps from 5.74% to 5.64%, product fee £995, cashback £250
[FO40152] 75% LTV, decreasing by 15bps from 5.99% to 5.84%, product fee £995
[FO40165] 75% LTV, decreasing by 16bps from 6.14% to 5.98%, product fee £0, cashback £250
[FO40164] 75% LTV, decreasing by 15bps from 5.99% to 5.84%, product fee £995, cashback £250
[FO40153] 75% LTV, decreasing by 16bps from 6.14% to 5.98%, product fee £0
Rate Changes and Fee Changes
5 year fixed rate purchase
[FO40144] 60% LTV, decreasing by 25bps from 5.64% to 5.39%, product fee increasing from £1,495 to £3,499
[FO40145] 75% LTV, decreasing by 40bps from 5.79% to 5.39%, product fee increasing from £1,495 to £3,499
5 year fixed rate remortgage
[FO40154] 60% LTV, decreasing by 25bps from 5.64% to 5.39%, product fee increasing from £1,495 to £3,499
[FO40155] 75% LTV, decreasing by 50bps from 5.89% to 5.39%, product fee increasing from £1,495 to £3,499
Green Mortgages
Residential
Rate Changes
2 year fixed rate remortgage
[FO40169] 85% LTV, decreasing by 5bps from 6.19% to 6.14%, product fee £995, cashback £250
[FO40167] 85% LTV, decreasing by 5bps from 6.19% to 6.14%, product fee £995
5 year fixed rate purchase
[FO40166] 85% LTV, decreasing by 3bps from 5.39% to 5.36%, product fee £995
5 year fixed rate remortgage
[FO40170] 85% LTV, decreasing by 6bps from 5.74% to 5.68%, product fee £995, cashback £250
[FO40168] 85% LTV, decreasing by 6bps from 5.74% to 5.68%, product fee £995
BTL Green Mortgages
Buy To Let
Rate Changes
2 year fixed rate purchase
[FO40171] 65% LTV, decreasing by 10bps from 6.34% to 6.24%, product fee £995
[FO40172] 75% LTV, decreasing by 22bps from 6.54% to 6.32%, product fee £995
2 year fixed rate remortgage
[FO40175] 65% LTV, decreasing by 10bps from 6.24% to 6.14%, product fee £995
[FO40179] 65% LTV, decreasing by 10bps from 6.24% to 6.14%, product fee £995, cashback £250
[FO40176] 75% LTV, decreasing by 20bps from 6.44% to 6.24%, product fee £995
[FO40180] 75% LTV, decreasing by 20bps from 6.44% to 6.24%, product fee £995, cashback £250
5 year fixed rate purchase
[FO40173] 65% LTV, decreasing by 5bps from 5.69% to 5.64%, product fee £995
[FO40174] 75% LTV, decreasing by 7bps from 5.84% to 5.77%, product fee £995
5 year fixed rate remortgage
[FO40181] 65% LTV, decreasing by 10bps from 5.69% to 5.59%, product fee £995, cashback £250
[FO40177] 65% LTV, decreasing by 10bps from 5.69% to 5.59%, product fee £995
[FO40182] 75% LTV, decreasing by 15bps from 5.94% to 5.79%, product fee £995, cashback £250
[FO40178] 75% LTV, decreasing by 15bps from 5.94% to 5.79%, product fee £995
Existing Customer
Core Range
Residential
Rate Changes
2 year fixed rate switcher
[FO40183] 60% LTV, decreasing by 5bps from 6.39% to 6.34%, product fee £0
[FO40184] 75% LTV, decreasing by 3bps from 6.39% to 6.36%, product fee £0
[FO40185] 80% LTV, decreasing by 5bps from 6.19% to 6.14%, product fee £995
[FO40186] 80% LTV, decreasing by 8bps from 6.52% to 6.44%, product fee £0
[FO40188] 85% LTV, decreasing by 3bps from 6.52% to 6.49%, product fee £0
[FO40187] 85% LTV, decreasing by 5bps from 6.19% to 6.14%, product fee £995
[FO40189] 90% LTV, decreasing by 1bps from 6.54% to 6.53%, product fee £0
[FO40208] 90% LTV, decreasing by 5bps from 6.24% to 6.19%, product fee £995
2 year tracker rate switcher
[TO6335] 60% LTV, decreasing by 41bps from 6.59% to 6.18%, product fee £0
[TO6336] 75% LTV, decreasing by 46bps from 6.64% to 6.18%, product fee £0
[TO6337] 80% LTV, decreasing by 5bps from 5.99% to 5.94%, product fee £995
[TO6338] 80% LTV, decreasing by 45bps from 6.74% to 6.29%, product fee £0
[TO6340] 85% LTV, decreasing by 40bps from 6.74% to 6.34%, product fee £0
[TO6339] 85% LTV, decreasing by 5bps from 6.04% to 5.99%, product fee £995
[TO6342] 90% LTV, decreasing by 41bps from 6.79% to 6.38%, product fee £0
[TO6341] 90% LTV, decreasing by 36bps from 6.54% to 6.18%, product fee £995
5 year fixed rate switcher
[FO40191] 60% LTV, decreasing by 2bps from 5.69% to 5.67%, product fee £0
[FO40190] 60% LTV, decreasing by 10bps from 5.68% to 5.58%, product fee £495
[FO40192] 75% LTV, decreasing by 2bps from 5.69% to 5.67%, product fee £0
[FO40193] 80% LTV, decreasing by 10bps from 5.69% to 5.59%, product fee £995
[FO40195] 85% LTV, decreasing by 3bps from 5.93% to 5.90%, product fee £0
[FO40194] 85% LTV, decreasing by 6bps from 5.74% to 5.68%, product fee £995
[FO40196] 90% LTV, decreasing by 7bps from 5.79% to 5.72%, product fee £995
[FO40197] 90% LTV, decreasing by 4bps from 5.94% to 5.90%, product fee £0
End dates
There are no changes to end dates
Transitional arrangements
You’ll be able to produce Mortgage Illustrations and submit applications online for existing deals up to 10:30pm on Monday 4th September 2023.
If you’re unable to submit an application online due to a technical issue that cannot be resolved over the phone, then you must call the Business Development Team on 0345 026 0008 (Relay UK: 18001 0345 026 0008) by midday on Tuesday 5th September 2023. Requests received after this time will not be considered.
The detail we will require is as follows:
· Your details - name, company and postcode
· Customer name
· Product applying for
· Amount of mortgage loan
· Reason - If you have experienced a technical issue a clear description of the problem encountered with error code (if applicable) must be provided
Once you have spoken to the team, please submit the case through our intermediary website.
For a complete listing of all our mortgage products, please visit the product page on our website.
Effective from Wednesday 16th August 2023
Here’s a full list of the changes with product codes in brackets:
New Business
Core Range
Residential
Rate Changes
2 year fixed rate purchase
[FO39966] 60% LTV, decreasing by 20bps from 6.14% to 5.94%, product fee £995
[FO39967] 60% LTV, decreasing by 30bps from 6.49% to 6.19%, product fee £0
[FO39969] 75% LTV, decreasing by 25bps from 6.49% to 6.24%, product fee £0
[FO39968] 75% LTV, decreasing by 15bps from 6.14% to 5.99%, product fee £995
[FO39971] 80% LTV, decreasing by 10bps from 6.59% to 6.49%, product fee £0
[FO39970] 80% LTV, decreasing by 18bps from 6.27% to 6.09%, product fee £995
[FO39973] 85% LTV, decreasing by 7bps from 6.59% to 6.52%, product fee £0
[FO39972] 85% LTV, decreasing by 13bps from 6.27% to 6.14%, product fee £995
[FO39975] 90% LTV, decreasing by 15bps from 6.68% to 6.53%, product fee £0
[FO39974] 90% LTV, decreasing by 9bps from 6.37% to 6.28%, product fee £995
2 year fixed rate remortgage
[FO40011] 60% LTV, decreasing by 5bps from 6.44% to 6.39%, product fee £0, cashback £250
[FO40010] 60% LTV, decreasing by 7bps from 6.16% to 6.09%, product fee £995, cashback £250
[FO39991] 60% LTV, decreasing by 5bps from 6.44% to 6.39%, product fee £0
[FO39990] 60% LTV, decreasing by 7bps from 6.16% to 6.09%, product fee £995
[FO40012] 75% LTV, decreasing by 9bps from 6.18% to 6.09%, product fee £995, cashback £250
[FO40013] 75% LTV, decreasing by 5bps from 6.44% to 6.39%, product fee £0, cashback £250
[FO39992] 75% LTV, decreasing by 9bps from 6.18% to 6.09%, product fee £995
[FO39993] 75% LTV, decreasing by 5bps from 6.44% to 6.39%, product fee £0
[FO39994] 80% LTV, decreasing by 2bps from 6.54% to 6.52%, product fee £0
[FO40014] 80% LTV, decreasing by 2bps from 6.54% to 6.52%, product fee £0, cashback £250
[FO39995] 85% LTV, decreasing by 3bps from 6.55% to 6.52%, product fee £0
[FO40015] 85% LTV, decreasing by 3bps from 6.55% to 6.52%, product fee £0, cashback £250
[FO40017] 90% LTV, decreasing by 24bps from 6.78% to 6.54%, product fee £0, cashback £250
[FO40016] 90% LTV, decreasing by 5bps from 6.29% to 6.24%, product fee £995, cashback £250
[FO39997] 90% LTV, decreasing by 24bps from 6.78% to 6.54%, product fee £0
[FO39996] 90% LTV, decreasing by 5bps from 6.29% to 6.24%, product fee £995
5 year fixed rate purchase
[FO39976] 60% LTV, decreasing by 35bps from 5.57% to 5.22%, product fee £1,495
[FO39977] 60% LTV, decreasing by 35bps from 5.62% to 5.27%, product fee £995
[FO39978] 60% LTV, decreasing by 31bps from 5.75% to 5.44%, product fee £0
[FO39979] 75% LTV, decreasing by 33bps from 5.57% to 5.24%, product fee £1,495
[FO39981] 75% LTV, decreasing by 33bps from 5.77% to 5.44%, product fee £0
[FO39980] 75% LTV, decreasing by 33bps from 5.62% to 5.29%, product fee £995
[FO39984] 80% LTV, decreasing by 20bps from 5.84% to 5.64%, product fee £0
[FO39983] 80% LTV, decreasing by 28bps from 5.72% to 5.44%, product fee £995
[FO39982] 80% LTV, decreasing by 28bps from 5.67% to 5.39%, product fee £1,495
[FO39986] 85% LTV, decreasing by 21bps from 5.85% to 5.64%, product fee £0
[FO39985] 85% LTV, decreasing by 28bps from 5.72% to 5.44%, product fee £995
[FO40009] 85% LTV, decreasing by 28bps from 5.67% to 5.39%, product fee £1,495
[FO39987] 90% LTV, decreasing by 10bps from 5.79% to 5.69%, product fee £995
[FO39988] 90% LTV, decreasing by 6bps from 5.99% to 5.93%, product fee £0
[FO39989] 95% LTV, decreasing by 45bps from 6.84% to 6.39%, product fee £0
5 year fixed rate remortgage
[FO40020] 60% LTV, decreasing by 5bps from 5.74% to 5.69%, product fee £0, cashback £250
[FO39999] 60% LTV, decreasing by 14bps from 5.63% to 5.49%, product fee £995
[FO40019] 60% LTV, decreasing by 14bps from 5.63% to 5.49%, product fee £995, cashback £250
[FO40000] 60% LTV, decreasing by 5bps from 5.74% to 5.69%, product fee £0
[FO39998] 60% LTV, decreasing by 14bps from 5.58% to 5.44%, product fee £1,495
[FO40018] 60% LTV, decreasing by 14bps from 5.58% to 5.44%, product fee £1,495, cashback £250
[FO40023] 75% LTV, decreasing by 10bps from 5.79% to 5.69%, product fee £0, cashback £250
[FO40003] 75% LTV, decreasing by 10bps from 5.79% to 5.69%, product fee £0
[FO40002] 75% LTV, decreasing by 9bps from 5.63% to 5.54%, product fee £995
[FO40022] 75% LTV, decreasing by 9bps from 5.63% to 5.54%, product fee £995, cashback £250
[FO40021] 75% LTV, decreasing by 9bps from 5.58% to 5.49%, product fee £1,495, cashback £250
[FO40001] 75% LTV, decreasing by 9bps from 5.58% to 5.49%, product fee £1,495
[FO40004] 80% LTV, decreasing by 5bps from 5.74% to 5.69%, product fee £995
[FO40005] 80% LTV, decreasing by 6bps from 5.89% to 5.83%, product fee £0
[FO40025] 80% LTV, decreasing by 6bps from 5.89% to 5.83%, product fee £0, cashback £250
[FO40024] 80% LTV, decreasing by 5bps from 5.74% to 5.69%, product fee £995, cashback £250
[FO40026] 85% LTV, decreasing by 1bps from 5.94% to 5.93%, product fee £0, cashback £250
[FO40006] 85% LTV, decreasing by 1bps from 5.94% to 5.93%, product fee £0
[FO40008] 90% LTV, decreasing by 5bps from 5.99% to 5.94%, product fee £0
[FO40007] 90% LTV, decreasing by 4bps from 5.83% to 5.79%, product fee £995
[FO40028] 90% LTV, decreasing by 5bps from 5.99% to 5.94%, product fee £0, cashback £250
[FO40027] 90% LTV, decreasing by 4bps from 5.83% to 5.79%, product fee £995, cashback £250
First Time Buyer
Residential
Rate Changes
2 year fixed rate purchase
[FO40029] 85% LTV, decreasing by 13bps from 6.27% to 6.14%, product fee £995, cashback £250
[FO40030] 85% LTV, decreasing by 7bps from 6.59% to 6.52%, product fee £0, cashback £250
[FO40032] 90% LTV, decreasing by 15bps from 6.68% to 6.53%, product fee £0, cashback £250
[FO40031] 90% LTV, decreasing by 9bps from 6.37% to 6.28%, product fee £995, cashback £250
5 year fixed rate purchase
[FO40033] 85% LTV, decreasing by 28bps from 5.72% to 5.44%, product fee £995, cashback £250
[FO40034] 85% LTV, decreasing by 21bps from 5.85% to 5.64%, product fee £0, cashback £250
[FO40035] 90% LTV, decreasing by 10bps from 5.79% to 5.69%, product fee £995, cashback £250
[FO40036] 90% LTV, decreasing by 6bps from 5.99% to 5.93%, product fee £0, cashback £250
Shared Equity
Residential
Rate Changes
2 year fixed rate purchase
[FO40037] 60% LTV, decreasing by 10bps from 6.14% to 6.04%, product fee £995, cashback £250
[FO40038] 60% LTV, decreasing by 20bps from 6.49% to 6.29%, product fee £0
[FO40040] 75% LTV, decreasing by 15bps from 6.49% to 6.34%, product fee £0
[FO40039] 75% LTV, decreasing by 5bps from 6.14% to 6.09%, product fee £995, cashback £250
5 year fixed rate purchase
[FO40042] 60% LTV, decreasing by 21bps from 5.75% to 5.54%, product fee £0
[FO40041] 60% LTV, decreasing by 25bps from 5.62% to 5.37%, product fee £995, cashback £250
[FO40044] 75% LTV, decreasing by 23bps from 5.77% to 5.54%, product fee £0
[FO40043] 75% LTV, decreasing by 23bps from 5.62% to 5.39%, product fee £995, cashback £250
Help to Buy: shared equity
Residential
Rate Changes
2 year fixed rate remortgage
[FO40045] 60% LTV, increasing by 3bps from 6.16% to 6.19%, product fee £995, cashback £500
[FO40046] 60% LTV, increasing by 5bps from 6.44% to 6.49%, product fee £0, cashback £500
[FO40047] 75% LTV, increasing by 1bps from 6.18% to 6.19%, product fee £995, cashback £500
[FO40048] 75% LTV, increasing by 5bps from 6.44% to 6.49%, product fee £0, cashback £500
5 year fixed rate remortgage
[FO40050] 60% LTV, increasing by 5bps from 5.74% to 5.79%, product fee £0, cashback £500
[FO40049] 60% LTV, decreasing by 4bps from 5.63% to 5.59%, product fee £995, cashback £500
[FO40051] 75% LTV, increasing by 1bps from 5.63% to 5.64%, product fee £995, cashback £500
Green Mortgages
Residential
Rate Changes
2 year fixed rate purchase
[FO40052] 60% LTV, decreasing by 20bps from 6.09% to 5.89%, product fee £995
[FO40053] 75% LTV, decreasing by 15bps from 6.09% to 5.94%, product fee £995
[FO40054] 85% LTV, decreasing by 13bps from 6.22% to 6.09%, product fee £995
2 year fixed rate remortgage
[FO40062] 60% LTV, decreasing by 7bps from 6.11% to 6.04%, product fee £995, cashback £250
[FO40058] 60% LTV, decreasing by 7bps from 6.11% to 6.04%, product fee £995
[FO40059] 75% LTV, decreasing by 9bps from 6.13% to 6.04%, product fee £995
[FO40063] 75% LTV, decreasing by 9bps from 6.13% to 6.04%, product fee £995, cashback £250
5 year fixed rate purchase
[FO40055] 60% LTV, decreasing by 35bps from 5.57% to 5.22%, product fee £995
[FO40056] 75% LTV, decreasing by 33bps from 5.57% to 5.24%, product fee £995
[FO40057] 85% LTV, decreasing by 28bps from 5.67% to 5.39%, product fee £995
5 year fixed rate remortgage
[FO40064] 60% LTV, decreasing by 14bps from 5.58% to 5.44%, product fee £995, cashback £250
[FO40060] 60% LTV, decreasing by 14bps from 5.58% to 5.44%, product fee £995
[FO40065] 75% LTV, decreasing by 9bps from 5.58% to 5.49%, product fee £995, cashback £250
[FO40061] 75% LTV, decreasing by 9bps from 5.58% to 5.49%, product fee £995
Existing Customer
Core Range
Residential
Rate Changes
2 year fixed rate switcher
[FO40066] 60% LTV, decreasing by 5bps from 6.44% to 6.39%, product fee £0
[FO40067] 60% LTV, decreasing by 7bps from 6.11% to 6.04%, product fee £995
[FO40068] 75% LTV, decreasing by 9bps from 6.13% to 6.04%, product fee £995
[FO40069] 75% LTV, decreasing by 5bps from 6.44% to 6.39%, product fee £0
[FO40070] 80% LTV, decreasing by 2bps from 6.54% to 6.52%, product fee £0
[FO40071] 85% LTV, decreasing by 3bps from 6.55% to 6.52%, product fee £0
[FO40072] 90% LTV, decreasing by 5bps from 6.29% to 6.24%, product fee £995
[FO40073] 90% LTV, decreasing by 5bps from 6.59% to 6.54%, product fee £0
5 year fixed rate switcher
[FO40075] 60% LTV, decreasing by 5bps from 5.74% to 5.69%, product fee £0
[FO40074] 60% LTV, decreasing by 14bps from 5.58% to 5.44%, product fee £995
[FO40077] 75% LTV, decreasing by 10bps from 5.79% to 5.69%, product fee £0
[FO40076] 75% LTV, decreasing by 9bps from 5.58% to 5.49%, product fee £995
[FO40078] 80% LTV, decreasing by 5bps from 5.74% to 5.69%, product fee £995
[FO40079] 80% LTV, decreasing by 6bps from 5.89% to 5.83%, product fee £0
[FO40080] 85% LTV, decreasing by 1bps from 5.94% to 5.93%, product fee £0
[FO40081] 90% LTV, decreasing by 4bps from 5.83% to 5.79%, product fee £995
[FO40082] 90% LTV, decreasing by 5bps from 5.99% to 5.94%, product fee £0
End dates
There are no changes to end dates
Transitional arrangements
You’ll be able to produce Mortgage Illustrations and submit applications online for existing deals up to 10:30pm on Tuesday 15th August 2023.
If you’re unable to submit an application online due to a technical issue that cannot be resolved over the phone, then you must call the Business Development Team on 0345 026 0008 (Relay UK: 18001 0345 026 0008) by midday on Wednesday 16th August 2023. Requests received after this time will not be considered.
The detail we will require is as follows:
· Your details - name, company and postcode
· Customer name
· Product applying for
· Amount of mortgage loan
· Reason - If you have experienced a technical issue a clear description of the problem encountered with error code (if applicable) must be provided
Once you have spoken to the team, please submit the case through our intermediary website.
For a complete listing of all our mortgage products, please visit the product page on our website.
Effective from Friday 11th August 2023
Here’s a full list of the changes with product codes in brackets:
New Business
Core Range
Residential
Rate Changes
2 year fixed rate purchase
[FO39668] 60% LTV, decreasing by 10bps from 6.24% to 6.14%, product fee £995
[FO39669] 60% LTV, decreasing by 5bps from 6.54% to 6.49%, product fee £0
[FO39670] 75% LTV, decreasing by 10bps from 6.24% to 6.14%, product fee £995
[FO39671] 75% LTV, decreasing by 5bps from 6.54% to 6.49%, product fee £0
[FO39672] 90% LTV, decreasing by 37bps from 6.74% to 6.37%, product fee £995
[FO39673] 90% LTV, decreasing by 16bps from 6.84% to 6.68%, product fee £0
2 year fixed rate remortgage
[FO39681] 60% LTV, decreasing by 10bps from 6.54% to 6.44%, product fee £0
[FO39680] 60% LTV, decreasing by 8bps from 6.24% to 6.16%, product fee £995
[FO39692] 60% LTV, decreasing by 8bps from 6.24% to 6.16%, product fee £995, cashback £250
[FO39693] 60% LTV, decreasing by 10bps from 6.54% to 6.44%, product fee £0, cashback £250
[FO39694] 75% LTV, decreasing by 6bps from 6.24% to 6.18%, product fee £995, cashback £250
[FO39695] 75% LTV, decreasing by 10bps from 6.54% to 6.44%, product fee £0, cashback £250
[FO39682] 75% LTV, decreasing by 6bps from 6.24% to 6.18%, product fee £995
[FO39683] 75% LTV, decreasing by 10bps from 6.54% to 6.44%, product fee £0
[FO39697] 90% LTV, decreasing by 6bps from 6.84% to 6.78%, product fee £0, cashback £250
[FO39696] 90% LTV, decreasing by 45bps from 6.74% to 6.29%, product fee £995, cashback £250
[FO39685] 90% LTV, decreasing by 6bps from 6.84% to 6.78%, product fee £0
[FO39684] 90% LTV, decreasing by 45bps from 6.74% to 6.29%, product fee £995
5 year fixed rate purchase
[FO39675] 60% LTV, decreasing by 14bps from 5.89% to 5.75%, product fee £0
[FO39674] 60% LTV, decreasing by 12bps from 5.74% to 5.62%, product fee £995
[FO39676] 75% LTV, decreasing by 12bps from 5.74% to 5.62%, product fee £995
[FO39677] 75% LTV, decreasing by 12bps from 5.89% to 5.77%, product fee £0
[FO39678] 90% LTV, decreasing by 55bps from 6.34% to 5.79%, product fee £995
[FO39679] 90% LTV, decreasing by 65bps from 6.64% to 5.99%, product fee £0
5 year fixed rate remortgage
[FO39698] 60% LTV, decreasing by 11bps from 5.74% to 5.63%, product fee £995, cashback £250
[FO39699] 60% LTV, decreasing by 15bps from 5.89% to 5.74%, product fee £0, cashback £250
[FO39686] 60% LTV, decreasing by 11bps from 5.74% to 5.63%, product fee £995
[FO39687] 60% LTV, decreasing by 15bps from 5.89% to 5.74%, product fee £0
[FO39688] 75% LTV, decreasing by 11bps from 5.74% to 5.63%, product fee £995
[FO39689] 75% LTV, decreasing by 10bps from 5.89% to 5.79%, product fee £0
[FO39701] 75% LTV, decreasing by 10bps from 5.89% to 5.79%, product fee £0, cashback £250
[FO39700] 75% LTV, decreasing by 11bps from 5.74% to 5.63%, product fee £995, cashback £250
[FO39703] 90% LTV, decreasing by 65bps from 6.64% to 5.99%, product fee £0, cashback £250
[FO39702] 90% LTV, decreasing by 51bps from 6.34% to 5.83%, product fee £995, cashback £250
[FO39691] 90% LTV, decreasing by 65bps from 6.64% to 5.99%, product fee £0
[FO39690] 90% LTV, decreasing by 51bps from 6.34% to 5.83%, product fee £995
New Products
2 year fixed rate purchase
[FO39767] 80% LTV, 6.59%, product fee £0
[FO39766] 80% LTV, 6.27%, product fee £995
[FO39768] 85% LTV, 6.27%, product fee £995
[FO39769] 85% LTV, 6.59%, product fee £0
2 year fixed rate remortgage
[FO39779] 80% LTV, 6.54%, product fee £0
[FO39788] 80% LTV, 6.24%, product fee £995, cashback £250
[FO39778] 80% LTV, 6.24%, product fee £995
[FO39789] 80% LTV, 6.54%, product fee £0, cashback £250
[FO39781] 85% LTV, 6.55%, product fee £0
[FO39791] 85% LTV, 6.55%, product fee £0, cashback £250
[FO39790] 85% LTV, 6.24%, product fee £995, cashback £250
[FO39780] 85% LTV, 6.24%, product fee £995
5 year fixed rate purchase
[FO39770] 60% LTV, 5.57%, product fee £1,495
[FO39771] 75% LTV, 5.57%, product fee £1,495
[FO39774] 80% LTV, 5.84%, product fee £0
[FO39773] 80% LTV, 5.67%, product fee £1,495
[FO39772] 80% LTV, 5.72%, product fee £995
[FO39777] 85% LTV, 5.85%, product fee £0
[FO39776] 85% LTV, 5.72%, product fee £995
[FO39775] 85% LTV, 5.67%, product fee £1,495
5 year fixed rate remortgage
[FO39792] 60% LTV, 5.58%, product fee £1,495, cashback £250
[FO39782] 60% LTV, 5.58%, product fee £1,495
[FO39793] 75% LTV, 5.58%, product fee £1,495, cashback £250
[FO39783] 75% LTV, 5.58%, product fee £1,495
[FO39794] 80% LTV, 5.74%, product fee £995, cashback £250
[FO39784] 80% LTV, 5.74%, product fee £995
[FO39795] 80% LTV, 5.89%, product fee £0, cashback £250
[FO39785] 80% LTV, 5.89%, product fee £0
[FO39786] 85% LTV, 5.79%, product fee £995
[FO39787] 85% LTV, 5.94%, product fee £0
[FO39796] 85% LTV, 5.79%, product fee £995, cashback £250
[FO39797] 85% LTV, 5.94%, product fee £0, cashback £250
First Time Buyer
Residential
Rate Changes
2 year fixed rate purchase
[FO39704] 90% LTV, decreasing by 37bps from 6.74% to 6.37%, product fee £995, cashback £250
[FO39705] 90% LTV, decreasing by 16bps from 6.84% to 6.68%, product fee £0, cashback £250
5 year fixed rate purchase
[FO39707] 90% LTV, decreasing by 65bps from 6.64% to 5.99%, product fee £0, cashback £250
[FO39706] 90% LTV, decreasing by 55bps from 6.34% to 5.79%, product fee £995, cashback £250
New Products
2 year fixed rate purchase
[FO39799] 85% LTV, 6.59%, product fee £0, cashback £250
[FO39798] 85% LTV, 6.27%, product fee £995, cashback £250
5 year fixed rate purchase
[FO39800] 85% LTV, 5.72%, product fee £995, cashback £250
[FO39801] 85% LTV, 5.85%, product fee £0, cashback £250
Shared Equity
Residential
Rate Changes
2 year fixed rate purchase
[FO39708] 75% LTV, decreasing by 30bps from 6.44% to 6.14%, product fee £995, cashback £250
[FO39709] 75% LTV, decreasing by 20bps from 6.69% to 6.49%, product fee £0
5 year fixed rate purchase
[FO39710] 75% LTV, decreasing by 37bps from 5.99% to 5.62%, product fee £995, cashback £250
[FO39857] 75% LTV, 5.77%, decreasing by 42bps from 6.19% to 5.77%, product fee £0
New Products
2 year fixed rate purchase
[FO39803] 60% LTV, 6.49%, product fee £0
[FO39802] 60% LTV, 6.14%, product fee £995, cashback £250
5 year fixed rate purchase
[FO39805] 60% LTV, 5.62%, product fee £995, cashback £250
[FO39804] 60% LTV, 5.75%, product fee £0
[FO39857] 75% LTV, 5.77%, product fee £0
Help to Buy: shared equity
Residential
Rate Changes
2 year fixed rate remortgage
[FO39713] 75% LTV, decreasing by 25bps from 6.69% to 6.44%, product fee £0, cashback £500
[FO39712] 75% LTV, decreasing by 26bps from 6.44% to 6.18%, product fee £995, cashback £500
5 year fixed rate remortgage
[FO39714] 75% LTV, decreasing by 36bps from 5.99% to 5.63%, product fee £995, cashback £500
[FO39715] 75% LTV, decreasing by 40bps from 6.19% to 5.79%, product fee £0, cashback £500
New Products
2 year fixed rate remortgage
[FO39806] 60% LTV, 6.16%, product fee £995, cashback £500
[FO39807] 60% LTV, 6.44%, product fee £0, cashback £500
5 year fixed rate remortgage
[FO39808] 60% LTV, 5.63%, product fee £995, cashback £500
[FO39809] 60% LTV, 5.74%, product fee £0, cashback £500
BTL Range
Buy To Let
Rate Changes
2 year fixed rate purchase
[FO39717] 60% LTV, decreasing by 19bps from 6.79% to 6.60%, product fee £0
[FO39716] 60% LTV, decreasing by 20bps from 6.59% to 6.39%, product fee £995
[FO39734] 60% LTV, decreasing by 25bps from 6.54% to 6.29%, product fee £1,495
[FO39735] 75% LTV, decreasing by 5bps from 6.54% to 6.49%, product fee £1,495
2 year fixed rate remortgage
[FO39721] 60% LTV, decreasing by 6bps from 6.69% to 6.63%, product fee £0
[FO39720] 60% LTV, decreasing by 20bps from 6.49% to 6.29%, product fee £995
[FO39725] 60% LTV, decreasing by 6bps from 6.69% to 6.63%, product fee £0, cashback £250
[FO39724] 60% LTV, decreasing by 20bps from 6.49% to 6.29%, product fee £995, cashback £250
[FO39738] 60% LTV, decreasing by 25bps from 6.44% to 6.19%, product fee £1,495
[FO39739] 75% LTV, decreasing by 5bps from 6.44% to 6.39%, product fee £1,495
5 year fixed rate purchase
[FO39719] 60% LTV, decreasing by 5bps from 5.99% to 5.94%, product fee £0
[FO39736] 60% LTV, decreasing by 10bps from 5.74% to 5.64%, product fee £1,495
[FO39718] 60% LTV, decreasing by 5bps from 5.79% to 5.74%, product fee £995
[FO39737] 75% LTV, decreasing by 5bps from 5.84% to 5.79%, product fee £1,495
5 year fixed rate remortgage
[FO39740] 60% LTV, decreasing by 15bps from 5.79% to 5.64%, product fee £1,495
[FO39726] 60% LTV, decreasing by 10bps from 5.84% to 5.74%, product fee £995, cashback £250
[FO39722] 60% LTV, decreasing by 10bps from 5.84% to 5.74%, product fee £995
[FO39723] 60% LTV, decreasing by 15bps from 6.09% to 5.94%, product fee £0
[FO39727] 60% LTV, decreasing by 15bps from 6.09% to 5.94%, product fee £0, cashback £250
[FO39741] 75% LTV, decreasing by 5bps from 5.94% to 5.89%, product fee £1,495
Green Mortgages
Residential
New Products
2 year fixed rate purchase
[FO39810] 60% LTV, 6.09%, product fee £995
[FO39811] 75% LTV, 6.09%, product fee £995
[FO39812] 85% LTV, 6.22%, product fee £995
2 year fixed rate remortgage
[FO39816] 60% LTV, 6.11%, product fee £995
[FO39822] 60% LTV, 6.11%, product fee £995, cashback £250
[FO39817] 75% LTV, 6.13%, product fee £995
[FO39823] 75% LTV, 6.13%, product fee £995, cashback £250
[FO39824] 85% LTV, 6.19%, product fee £995, cashback £250
[FO39818] 85% LTV, 6.19%, product fee £995
5 year fixed rate purchase
[FO39813] 60% LTV, 5.57%, product fee £995
[FO39814] 75% LTV, 5.57%, product fee £995
[FO39815] 85% LTV, 5.67%, product fee £995
5 year fixed rate remortgage
[FO39826] 60% LTV, 5.58%, product fee £995, cashback £250
[FO39820] 60% LTV, 5.58%, product fee £995
[FO39825] 75% LTV, 5.58%, product fee £995, cashback £250
[FO39819] 75% LTV, 5.58%, product fee £995
[FO39821] 85% LTV, 5.74%, product fee £995
[FO39827] 85% LTV, 5.74%, product fee £995, cashback £250
BTL Green Mortgages
Buy To Let
Rate Changes
2 year fixed rate purchase
[FO39728] 65% LTV, decreasing by 20bps from 6.54% to 6.34%, product fee £995
2 year fixed rate remortgage
[FO39730] 65% LTV, decreasing by 20bps from 6.44% to 6.24%, product fee £995
[FO39732] 65% LTV, decreasing by 20bps from 6.44% to 6.24%, product fee £995, cashback £250
5 year fixed rate purchase
[FO39729] 65% LTV, decreasing by 5bps from 5.74% to 5.69%, product fee £995
5 year fixed rate remortgage
[FO39733] 65% LTV, decreasing by 10bps from 5.79% to 5.69%, product fee £995, cashback £250
[FO39731] 65% LTV, decreasing by 10bps from 5.79% to 5.69%, product fee £995
Existing Customer
Core Range
Residential
Rate Changes
2 year fixed rate switcher
[FO39743] 60% LTV, decreasing by 11bps from 6.32% to 6.21%, product fee £495
[FO39742] 60% LTV, decreasing by 12bps from 6.23% to 6.11%, product fee £995
[FO39744] 60% LTV, decreasing by 10bps from 6.54% to 6.44%, product fee £0
[FO39745] 75% LTV, decreasing by 10bps from 6.23% to 6.13%, product fee £995
[FO39746] 75% LTV, decreasing by 10bps from 6.54% to 6.44%, product fee £0
[FO39747] 80% LTV, decreasing by 12bps from 6.31% to 6.19%, product fee £995
[FO39748] 80% LTV, decreasing by 5bps from 6.59% to 6.54%, product fee £0
[FO39749] 85% LTV, decreasing by 15bps from 6.34% to 6.19%, product fee £995
[FO39750] 85% LTV, decreasing by 9bps from 6.64% to 6.55%, product fee £0
[FO39752] 90% LTV, decreasing by 10bps from 6.69% to 6.59%, product fee £0
[FO39751] 90% LTV, decreasing by 15bps from 6.44% to 6.29%, product fee £995
5 year fixed rate switcher
[FO39754] 60% LTV, decreasing by 11bps from 5.69% to 5.58%, product fee £995
[FO39755] 60% LTV, decreasing by 10bps from 5.84% to 5.74%, product fee £0
[FO39753] 60% LTV, decreasing by 11bps from 5.79% to 5.68%, product fee £495
[FO39756] 75% LTV, decreasing by 15bps from 5.73% to 5.58%, product fee £995
[FO39757] 75% LTV, decreasing by 10bps from 5.89% to 5.79%, product fee £0
[FO39758] 80% LTV, decreasing by 5bps from 5.79% to 5.74%, product fee £995
[FO39759] 80% LTV, decreasing by 5bps from 5.94% to 5.89%, product fee £0
[FO39760] 85% LTV, decreasing by 10bps from 5.84% to 5.74%, product fee £995
[FO39761] 85% LTV, decreasing by 5bps from 5.99% to 5.94%, product fee £0
[FO39762] 90% LTV, decreasing by 6bps from 5.89% to 5.83%, product fee £995
[FO39763] 90% LTV, decreasing by 5bps from 6.04% to 5.99%, product fee £0
BTL Standard Switcher Range
Buy To Let
Rate Changes
2 year fixed rate switcher
[FO39764] 60% LTV, decreasing by 20bps from 6.49% to 6.29%, product fee £995
5 year fixed rate switcher
[FO39765] 60% LTV, decreasing by 10bps from 5.79% to 5.69%, product fee £995
End dates
2 Year Term End Dates Moving from 30 November 2025 to 31 December 2025
5 Year Term End Dates Moving from 30 November 2028 to 31 December 2028
Transitional arrangements
You’ll be able to produce Mortgage Illustrations and submit applications online for existing deals up to 10:30pm on Thursday 10th August 2023.
If you’re unable to submit an application online due to a technical issue that cannot be resolved over the phone, then you must call the Business Development Team on 0345 026 0008 (Relay UK: 18001 0345 026 0008) by midday on Friday 11th August 2023. Requests received after this time will not be considered.
The detail we will require is as follows:
· Your details - name, company and postcode
· Customer name
· Product applying for
· Amount of mortgage loan
· Reason - If you have experienced a technical issue a clear description of the problem encountered with error code (if applicable) must be provided
Once you have spoken to the team, please submit the case through our intermediary website.
For a complete listing of all our mortgage products, please visit the product page on our website.
Effective from Wednesday 2nd August 2023
Here’s a full list of the changes with product codes in brackets:
New Business
Core Range
Residential
Rate Changes
2 year fixed rate purchase
[FO39439] 75% LTV, decreasing by 15bps from 6.69% to 6.54%, product fee £0
[FO39438] 75% LTV, decreasing by 20bps from 6.44% to 6.24%, product fee £995
[FO39440] 95% LTV, increasing by 13bps from 6.84% to 6.97%, product fee £0
2 year fixed rate remortgage
[FO39447] 75% LTV, decreasing by 20bps from 6.44% to 6.24%, product fee £995
[FO39448] 75% LTV, decreasing by 15bps from 6.69% to 6.54%, product fee £0
[FO39456] 75% LTV, decreasing by 15bps from 6.69% to 6.54%, product fee £0, cashback £250
[FO39455] 75% LTV, decreasing by 20bps from 6.44% to 6.24%, product fee £995, cashback £250
5 year fixed rate purchase
[FO39444] 75% LTV, decreasing by 30bps from 6.19% to 5.89%, product fee £0
[FO39443] 75% LTV, decreasing by 25bps from 5.99% to 5.74%, product fee £995
5 year fixed rate remortgage
[FO39457] 60% LTV, decreasing by 15bps from 5.89% to 5.74%, product fee £995, cashback £250
[FO39449] 60% LTV, decreasing by 15bps from 5.89% to 5.74%, product fee £995
[FO39459] 75% LTV, decreasing by 25bps from 5.99% to 5.74%, product fee £995, cashback £250
[FO39451] 75% LTV, decreasing by 25bps from 5.99% to 5.74%, product fee £995
[FO39460] 75% LTV, decreasing by 30bps from 6.19% to 5.89%, product fee £0, cashback £250
[FO39452] 75% LTV, decreasing by 30bps from 6.19% to 5.89%, product fee £0
New Products
2 year fixed rate purchase
[FO39436] 60% LTV, 6.24%, product fee £995
[FO39437] 60% LTV, 6.54%, product fee £0
2 year fixed rate remortgage
[FO39453] 60% LTV, 6.24%, product fee £995, cashback £250
[FO39445] 60% LTV, 6.24%, product fee £995
[FO39446] 60% LTV, 6.54%, product fee £0
[FO39454] 60% LTV, 6.54%, product fee £0, cashback £250
5 year fixed rate purchase
[FO39441] 60% LTV, 5.74%, product fee £995
[FO39442] 60% LTV, 5.89%, product fee £0
5 year fixed rate remortgage
[FO39458] 60% LTV, 5.89%, product fee £0, cashback £250
[FO39450] 60% LTV, 5.89%, product fee £0
BTL Range
Buy To Let
Rate Changes
2 year fixed rate remortgage
[FO39464] 60% LTV, increasing by 15bps from 6.54% to 6.69%, product fee £0
[FO39470] 60% LTV, increasing by 15bps from 6.54% to 6.69%, product fee £0, cashback £250
[FO39471] 75% LTV, increasing by 30bps from 6.54% to 6.84%, product fee £0, cashback £250
[FO39465] 75% LTV, increasing by 30bps from 6.54% to 6.84%, product fee £0
5 year fixed rate purchase
[FO39461] 60% LTV, increasing by 10bps from 5.89% to 5.99%, product fee £0
[FO39462] 75% LTV, increasing by 10bps from 5.79% to 5.89%, product fee £995
[FO39481] 75% LTV, increasing by 10bps from 5.74% to 5.84%, product fee £1,495
[FO39463] 75% LTV, increasing by 10bps from 5.89% to 5.99%, product fee £0
5 year fixed rate remortgage
[FO39466] 60% LTV, increasing by 5bps from 5.79% to 5.84%, product fee £995
[FO39467] 60% LTV, increasing by 20bps from 5.89% to 6.09%, product fee £0
[FO39473] 60% LTV, increasing by 20bps from 5.89% to 6.09%, product fee £0, cashback £250
[FO39482] 60% LTV, increasing by 5bps from 5.74% to 5.79%, product fee £1,495
[FO39472] 60% LTV, increasing by 5bps from 5.79% to 5.84%, product fee £995, cashback £250
[FO39475] 75% LTV, increasing by 25bps from 5.89% to 6.14%, product fee £0, cashback £250
[FO39474] 75% LTV, increasing by 20bps from 5.79% to 5.99%, product fee £995, cashback £250
[FO39468] 75% LTV, increasing by 20bps from 5.79% to 5.99%, product fee £995
[FO39483] 75% LTV, increasing by 20bps from 5.74% to 5.94%, product fee £1,495
[FO39469] 75% LTV, increasing by 25bps from 5.89% to 6.14%, product fee £0
BTL Green Mortgages
Buy To Let
Rate Changes
5 year fixed rate purchase
[FO39476] 75% LTV, increasing by 10bps from 5.74% to 5.84%, product fee £995
5 year fixed rate remortgage
[FO39479] 65% LTV, increasing by 5bps from 5.74% to 5.79%, product fee £995, cashback £250
[FO39477] 65% LTV, increasing by 5bps from 5.74% to 5.79%, product fee £995
[FO39478] 75% LTV, increasing by 20bps from 5.74% to 5.94%, product fee £995
[FO39480] 75% LTV, increasing by 20bps from 5.74% to 5.94%, product fee £995, cashback £250
Existing Customer
Core Range
Residential
New Products
2 year fixed rate switcher
[FO39484] 60% LTV, 6.32%, product fee £495
[FO39485] 60% LTV, 6.23%, product fee £995
[FO39486] 60% LTV, 6.54%, product fee £0
[FO39488] 75% LTV, 6.54%, product fee £0
[FO39487] 75% LTV, 6.23%, product fee £995
[FO39489] 80% LTV, 6.31%, product fee £995
[FO39510] 80% LTV, 6.59%, product fee £0
[FO39491] 85% LTV, 6.64%, product fee £0
[FO39490] 85% LTV, 6.34%, product fee £995
[FO39493] 90% LTV, 6.69%, product fee £0
[FO39492] 90% LTV, 6.44%, product fee £995
[FO39494] 100% LTV, 6.69%, product fee £995
[FO39495] 100% LTV, 6.84%, product fee £0
2 year tracker rate switcher
[TO6232] 60% LTV, 6.34%, product fee £0
[TO6231] 60% LTV, 5.49%, product fee £995
[TO6234] 75% LTV, 6.39%, product fee £0
[TO6233] 75% LTV, 5.64%, product fee £995
[TO6236] 80% LTV, 6.49%, product fee £0
[TO6235] 80% LTV, 5.74%, product fee £995
[TO6237] 85% LTV, 5.79%, product fee £995
[TO6238] 85% LTV, 6.49%, product fee £0
[TO6240] 90% LTV, 6.54%, product fee £0
[TO6239] 90% LTV, 6.29%, product fee £995
5 year fixed rate switcher
[FO39497] 60% LTV, 5.69%, product fee £995
[FO39498] 60% LTV, 5.84%, product fee £0
[FO39496] 60% LTV, 5.79%, product fee £495
[FO39499] 75% LTV, 5.73%, product fee £995
[FO39500] 75% LTV, 5.89%, product fee £0
[FO39502] 80% LTV, 5.94%, product fee £0
[FO39501] 80% LTV, 5.79%, product fee £995
[FO39503] 85% LTV, 5.84%, product fee £995
[FO39504] 85% LTV, 5.99%, product fee £0
[FO39505] 90% LTV, 5.89%, product fee £995
[FO39506] 90% LTV, 6.04%, product fee £0
Withdrawn
2 year fixed rate switcher
[FO39348] 60% LTV, 6.34%, product fee £995
[FO39350] 60% LTV, 6.64%, product fee £0
[FO39349] 60% LTV, 6.49%, product fee £495
[FO39352] 75% LTV, 6.69%, product fee £0
[FO39351] 75% LTV, 6.39%, product fee £995
[FO39121] 80% LTV, 6.69%, product fee £0
[FO39120] 80% LTV, 6.39%, product fee £995
[FO39353] 85% LTV, 6.49%, product fee £995
[FO39354] 85% LTV, 6.79%, product fee £0
[FO39355] 90% LTV, 6.49%, product fee £995
[FO39356] 90% LTV, 6.79%, product fee £0
[FO39358] 100% LTV, 6.84%, product fee £0
[FO39357] 100% LTV, 6.69%, product fee £995
2 year tracker rate switcher
[TO6189] 60% LTV, 6.34%, product fee £0
[TO6188] 60% LTV, 5.49%, product fee £995
[TO6191] 75% LTV, 6.39%, product fee £0
[TO6190] 75% LTV, 5.64%, product fee £995
[TO6192] 80% LTV, 5.74%, product fee £995
[TO6193] 80% LTV, 6.49%, product fee £0
[TO6195] 85% LTV, 6.49%, product fee £0
[TO6194] 85% LTV, 5.79%, product fee £995
[TO6197] 90% LTV, 6.54%, product fee £0
[TO6196] 90% LTV, 6.29%, product fee £995
5 year fixed rate switcher
[FO39130] 60% LTV, 6.04%, product fee £0
[FO39129] 60% LTV, 5.94%, product fee £495
[FO39359] 60% LTV, 5.84%, product fee £995
[FO39132] 75% LTV, 6.04%, product fee £0
[FO39131] 75% LTV, 5.89%, product fee £995
[FO39134] 80% LTV, 6.14%, product fee £0
[FO39133] 80% LTV, 5.99%, product fee £995
[FO39135] 85% LTV, 5.99%, product fee £995
[FO39136] 85% LTV, 6.14%, product fee £0
[FO39137] 90% LTV, 5.99%, product fee £995
[FO39138] 90% LTV, 6.14%, product fee £0
BTL Standard Switcher Range
Buy To Let
Rate Changes
2 year fixed rate switcher
[FO39507] 75% LTV, increasing by 15bps from 6.54% to 6.69%, product fee £0
5 year fixed rate switcher
[FO39508] 75% LTV, increasing by 7bps from 5.79% to 5.86%, product fee £995
[FO39509] 75% LTV, increasing by 20bps from 5.89% to 6.09%, product fee £0
End dates
There are no changes to end dates
Transitional arrangements
You’ll be able to produce Mortgage Illustrations and submit applications online for existing deals up to 10:30pm on Tuesday 1st August 2023.
If you’re unable to submit an application online due to a technical issue that cannot be resolved over the phone, then you must call the Business Development Team on 0345 026 0008 (Relay UK: 18001 0345 026 0008) by midday on Wednesday 2nd August 2023. Requests received after this time will not be considered.
The detail we will require is as follows:
· Your details - name, company and postcode
· Customer name
· Product applying for
· Amount of mortgage loan
· Reason - If you have experienced a technical issue a clear description of the problem encountered with error code (if applicable) must be provided
Once you have spoken to the team, please submit the case through our intermediary website.
For a complete listing of all our mortgage products, please visit the product page on our website.
Effective from Thursday 20th July 2023
Here’s a full list the changes with product codes in brackets:
New Business
Core Range
Residential
Rate Changes
2 year fixed rate purchase
[FO39330] 90% LTV, increasing by 5bps from 6.79% to 6.84%, product fee £0
[FO39329] 90% LTV, increasing by 20bps from 6.54% to 6.74%, product fee £995
2 year fixed rate remortgage
[FO39334] 90% LTV, increasing by 20bps from 6.54% to 6.74%, product fee £995
[FO39335] 90% LTV, increasing by 1bps from 6.83% to 6.84%, product fee £0
[FO39339] 90% LTV, increasing by 20bps from 6.54% to 6.74%, product fee £995, cashback £250
[FO39340] 90% LTV, increasing by 1bps from 6.83% to 6.84%, product fee £0, cashback £250
5 year fixed rate purchase
[FO39332] 90% LTV, increasing by 30bps from 6.34% to 6.64%, product fee £0
[FO39331] 90% LTV, increasing by 20bps from 6.14% to 6.34%, product fee £995
[FO39333] 95% LTV, increasing by 40bps from 6.44% to 6.84%, product fee £0
5 year fixed rate remortgage
[FO39342] 90% LTV, increasing by 30bps from 6.34% to 6.64%, product fee £0, cashback £250
[FO39336] 90% LTV, increasing by 20bps from 6.14% to 6.34%, product fee £995
[FO39341] 90% LTV, increasing by 20bps from 6.14% to 6.34%, product fee £995, cashback £250
[FO39337] 90% LTV, increasing by 30bps from 6.34% to 6.64%, product fee £0
New Products
5 year fixed rate remortgage
[FO39343] 60% LTV, 5.89%, product fee £995, cashback £250
[FO39338] 60% LTV, 5.89%, product fee £995
First Time Buyer
Residential
Rate Changes
2 year fixed rate purchase
[FO39344] 90% LTV, increasing by 20bps from 6.54% to 6.74%, product fee £995, cashback £250
[FO39345] 90% LTV, increasing by 5bps from 6.79% to 6.84%, product fee £0, cashback £250
5 year fixed rate purchase
[FO39346] 90% LTV, increasing by 20bps from 6.14% to 6.34%, product fee £995, cashback £250
[FO39347] 90% LTV, increasing by 30bps from 6.34% to 6.64%, product fee £0, cashback £250
Existing Customer
Core Range
Residential
Rate Changes
2 year fixed rate switcher
[FO39348] 60% LTV, increasing by 5bps from 6.29% to 6.34%, product fee £995
[FO39349] 60% LTV, increasing by 15bps from 6.34% to 6.49%, product fee £495
[FO39350] 60% LTV, increasing by 5bps from 6.59% to 6.64%, product fee £0
[FO39351] 75% LTV, increasing by 10bps from 6.29% to 6.39%, product fee £995
[FO39352] 75% LTV, increasing by 10bps from 6.59% to 6.69%, product fee £0
[FO39354] 85% LTV, increasing by 10bps from 6.69% to 6.79%, product fee £0
[FO39353] 85% LTV, increasing by 10bps from 6.39% to 6.49%, product fee £995
[FO39356] 90% LTV, increasing by 10bps from 6.69% to 6.79%, product fee £0
[FO39355] 90% LTV, increasing by 10bps from 6.39% to 6.49%, product fee £995
[FO39358] 100% LTV, increasing by 10bps from 6.74% to 6.84%, product fee £0
[FO39357] 100% LTV, increasing by 25bps from 6.44% to 6.69%, product fee £995
5 year fixed rate switcher
[FO39359] 60% LTV, decreasing by 5bps from 5.89% to 5.84%, product fee £995
End dates
There are no changes to end dates
Transitional arrangements
You’ll be able to produce Mortgage Illustrations and submit applications online for existing deals up to 10:30pm on Wednesday 19th July 2023.
If you’re unable to submit an application online due to a technical issue that cannot be resolved over the phone, then you must call the Business Development Team on 0345 026 0008 (Relay UK: 18001 0345 026 0008) by midday on Thursday 20th July 2023. Requests received after this time will not be considered.
The detail we will require is as follows:
· Your details - name, company and postcode
· Customer name
· Product applying for
· Amount of mortgage loan
· Reason - If you have experienced a technical issue a clear description of the problem encountered with error code (if applicable) must be provided
Once you have spoken to the team, please submit the case through our intermediary website.
For a complete listing of all our mortgage products, please visit the product page on our website.
Effective from Wednesday 12th July 2023
Here’s a full list of the changes with product codes in brackets:
New Business
Core Range
Residential
Rate Changes
2 year fixed rate purchase
[FO39036] 75% LTV, increasing by 23bps from 6.21% to 6.44%, product fee £995
[FO39037] 75% LTV, increasing by 17bps from 6.52% to 6.69%, product fee £0
[FO39038] 90% LTV, increasing by 33bps from 6.21% to 6.54%, product fee £995
[FO39039] 90% LTV, increasing by 27bps from 6.52% to 6.79%, product fee £0
[FO39040] 95% LTV, increasing by 29bps from 6.55% to 6.84%, product fee £0
2 year fixed rate remortgage
[FO39047] 75% LTV, increasing by 17bps from 6.52% to 6.69%, product fee £0
[FO39046] 75% LTV, increasing by 23bps from 6.21% to 6.44%, product fee £995
[FO39049] 90% LTV, increasing by 31bps from 6.52% to 6.83%, product fee £0
[FO39048] 90% LTV, increasing by 33bps from 6.21% to 6.54%, product fee £995
[FO39055] 90% LTV, increasing by 31bps from 6.52% to 6.83%, product fee £0, cashback £250
[FO39054] 90% LTV, increasing by 33bps from 6.21% to 6.54%, product fee £995, cashback £250
2 year tracker rate purchase
[TO6162] 60% LTV, increasing by 10bps from 6.24% to 6.34%, product fee £0
[TO6161] 60% LTV, increasing by 15bps from 5.39% to 5.54%, product fee £995
[TO6163] 75% LTV, increasing by 15bps from 5.54% to 5.69%, product fee £995
[TO6164] 75% LTV, increasing by 10bps from 6.29% to 6.39%, product fee £0
[TO6165] 80% LTV, increasing by 20bps from 6.29% to 6.49%, product fee £0
[TO6167] 85% LTV, increasing by 15bps from 6.34% to 6.49%, product fee £0
[TO6166] 85% LTV, increasing by 5bps from 5.79% to 5.84%, product fee £995
[TO6169] 90% LTV, increasing by 15bps from 6.39% to 6.54%, product fee £0
[TO6168] 90% LTV, increasing by 35bps from 5.99% to 6.34%, product fee £995
2 year tracker rate remortgage
[TO6180] 60% LTV, increasing by 10bps from 6.24% to 6.34%, product fee £0, cashback £250
[TO6171] 60% LTV, increasing by 10bps from 6.24% to 6.34%, product fee £0
[TO6170] 60% LTV, increasing by 15bps from 5.39% to 5.54%, product fee £995
[TO6179] 60% LTV, increasing by 15bps from 5.39% to 5.54%, product fee £995, cashback £250
[TO6182] 75% LTV, increasing by 10bps from 6.29% to 6.39%, product fee £0, cashback £250
[TO6181] 75% LTV, increasing by 15bps from 5.54% to 5.69%, product fee £995, cashback £250
[TO6173] 75% LTV, increasing by 10bps from 6.29% to 6.39%, product fee £0
[TO6172] 75% LTV, increasing by 15bps from 5.54% to 5.69%, product fee £995
[TO6174] 80% LTV, increasing by 20bps from 6.29% to 6.49%, product fee £0
[TO6183] 80% LTV, increasing by 20bps from 6.29% to 6.49%, product fee £0, cashback £250
[TO6184] 85% LTV, increasing by 5bps from 5.79% to 5.84%, product fee £995, cashback £250
[TO6185] 85% LTV, increasing by 15bps from 6.34% to 6.49%, product fee £0, cashback £250
[TO6175] 85% LTV, increasing by 5bps from 5.79% to 5.84%, product fee £995
[TO6176] 85% LTV, increasing by 15bps from 6.34% to 6.49%, product fee £0
[TO6187] 90% LTV, increasing by 15bps from 6.39% to 6.54%, product fee £0, cashback £250
[TO6186] 90% LTV, increasing by 35bps from 5.99% to 6.34%, product fee £995, cashback £250
[TO6178] 90% LTV, increasing by 15bps from 6.39% to 6.54%, product fee £0
[TO6177] 90% LTV, increasing by 35bps from 5.99% to 6.34%, product fee £995
5 year fixed rate purchase
[FO39041] 75% LTV, increasing by 15bps from 5.84% to 5.99%, product fee £995
[FO39042] 75% LTV, increasing by 23bps from 5.96% to 6.19%, product fee £0
[FO39043] 90% LTV, increasing by 30bps from 5.84% to 6.14%, product fee £995
[FO39044] 90% LTV, increasing by 38bps from 5.96% to 6.34%, product fee £0
[FO39045] 95% LTV, increasing by 31bps from 6.13% to 6.44%, product fee £0
5 year fixed rate remortgage
[FO39051] 75% LTV, increasing by 23bps from 5.96% to 6.19%, product fee £0
[FO39050] 75% LTV, increasing by 15bps from 5.84% to 5.99%, product fee £995
[FO39052] 90% LTV, increasing by 30bps from 5.84% to 6.14%, product fee £995
[FO39053] 90% LTV, increasing by 38bps from 5.96% to 6.34%, product fee £0
[FO39056] 90% LTV, increasing by 30bps from 5.84% to 6.14%, product fee £995, cashback £250
[FO39057] 90% LTV, increasing by 38bps from 5.96% to 6.34%, product fee £0, cashback £250
New Products
2 year fixed rate remortgage
[FO39059] 75% LTV, 6.69%, product fee £0, cashback £250
[FO39058] 75% LTV, 6.44%, product fee £995, cashback £250
5 year fixed rate remortgage
[FO39060] 75% LTV, 5.99%, product fee £995, cashback £250
[FO39061] 75% LTV, 6.19%, product fee £0, cashback £250
First Time Buyer
Residential
Rate Changes
2 year fixed rate purchase
[FO39063] 90% LTV, increasing by 27bps from 6.52% to 6.79%, product fee £0, cashback £250
[FO39062] 90% LTV, increasing by 33bps from 6.21% to 6.54%, product fee £995, cashback £250
5 year fixed rate purchase
[FO39064] 90% LTV, increasing by 30bps from 5.84% to 6.14%, product fee £995, cashback £250
[FO39065] 90% LTV, increasing by 38bps from 5.96% to 6.34%, product fee £0, cashback £250
Shared Equity
Residential
Rate Changes
2 year fixed rate purchase
[FO39067] 75% LTV, increasing by 17bps from 6.52% to 6.69%, product fee £0
[FO39066] 75% LTV, increasing by 23bps from 6.21% to 6.44%, product fee £995, cashback £250
5 year fixed rate purchase
[FO39069] 75% LTV, increasing by 23bps from 5.96% to 6.19%, product fee £0
[FO39068] 75% LTV, increasing by 15bps from 5.84% to 5.99%, product fee £995, cashback £250
Help to Buy: shared equity
Residential
Rate Changes
2 year fixed rate remortgage
[FO39071] 75% LTV, increasing by 17bps from 6.52% to 6.69%, product fee £0, cashback £500
[FO39070] 75% LTV, increasing by 23bps from 6.21% to 6.44%, product fee £995, cashback £500
5 year fixed rate remortgage
[FO39072] 75% LTV, increasing by 15bps from 5.84% to 5.99%, product fee £995, cashback £500
[FO39073] 75% LTV, increasing by 23bps from 5.96% to 6.19%, product fee £0, cashback £500
BTL Range
Buy To Let
Rate Changes
2 year fixed rate purchase
[FO39107] 60% LTV, increasing by 60bps from 5.94% to 6.54%, product fee £1,495
[FO39075] 60% LTV, increasing by 60bps from 5.99% to 6.59%, product fee £995
[FO39076] 60% LTV, increasing by 15bps from 6.64% to 6.79%, product fee £0
[FO39077] 75% LTV, increasing by 40bps from 6.19% to 6.59%, product fee £995
[FO39108] 75% LTV, increasing by 40bps from 6.14% to 6.54%, product fee £1,495
2 year fixed rate remortgage
[FO39082] 60% LTV, increasing by 15bps from 6.39% to 6.54%, product fee £0
[FO39081] 60% LTV, increasing by 60bps from 5.89% to 6.49%, product fee £995
[FO39088] 60% LTV, increasing by 60bps from 5.89% to 6.49%, product fee £995, cashback £250
[FO39111] 60% LTV, increasing by 60bps from 5.84% to 6.44%, product fee £1,495
[FO39089] 60% LTV, increasing by 15bps from 6.39% to 6.54%, product fee £0, cashback £250
[FO39112] 75% LTV, increasing by 40bps from 6.04% to 6.44%, product fee £1,495
[FO39083] 75% LTV, increasing by 40bps from 6.09% to 6.49%, product fee £995
[FO39090] 75% LTV, increasing by 40bps from 6.09% to 6.49%, product fee £995, cashback £250
5 year fixed rate purchase
[FO39109] 60% LTV, increasing by 15bps from 5.59% to 5.74%, product fee £1,495
[FO39079] 60% LTV, increasing by 5bps from 5.84% to 5.89%, product fee £0
[FO39078] 60% LTV, increasing by 15bps from 5.64% to 5.79%, product fee £995
[FO39080] 75% LTV, increasing by 5bps from 5.74% to 5.79%, product fee £995
[FO39110] 75% LTV, increasing by 5bps from 5.69% to 5.74%, product fee £1,495
5 year fixed rate remortgage
[FO39085] 60% LTV, increasing by 20bps from 5.59% to 5.79%, product fee £995
[FO39092] 60% LTV, increasing by 20bps from 5.59% to 5.79%, product fee £995, cashback £250
[FO39113] 60% LTV, increasing by 20bps from 5.54% to 5.74%, product fee £1,495
[FO39093] 60% LTV, increasing by 5bps from 5.84% to 5.89%, product fee £0, cashback £250
[FO39086] 60% LTV, increasing by 5bps from 5.84% to 5.89%, product fee £0
[FO39087] 75% LTV, increasing by 10bps from 5.69% to 5.79%, product fee £995
[FO39094] 75% LTV, increasing by 10bps from 5.69% to 5.79%, product fee £995, cashback £250
[FO39114] 75% LTV, increasing by 10bps from 5.64% to 5.74%, product fee £1,495
BTL Green Mortgages
Buy To Let
Rate Changes
2 year fixed rate purchase
[FO39095] 65% LTV, increasing by 60bps from 5.94% to 6.54%, product fee £995
[FO39096] 75% LTV, increasing by 40bps from 6.14% to 6.54%, product fee £995
2 year fixed rate remortgage
[FO39099] 65% LTV, increasing by 60bps from 5.84% to 6.44%, product fee £995
[FO39103] 65% LTV, increasing by 60bps from 5.84% to 6.44%, product fee £995, cashback £250
[FO39100] 75% LTV, increasing by 40bps from 6.04% to 6.44%, product fee £995
[FO39104] 75% LTV, increasing by 40bps from 6.04% to 6.44%, product fee £995, cashback £250
5 year fixed rate purchase
[FO39097] 65% LTV, increasing by 15bps from 5.59% to 5.74%, product fee £995
[FO39098] 75% LTV, increasing by 5bps from 5.69% to 5.74%, product fee £995
5 year fixed rate remortgage
[FO39101] 65% LTV, increasing by 20bps from 5.54% to 5.74%, product fee £995
[FO39105] 65% LTV, increasing by 20bps from 5.54% to 5.74%, product fee £995, cashback £250
[FO39106] 75% LTV, increasing by 10bps from 5.64% to 5.74%, product fee £995, cashback £250
[FO39102] 75% LTV, increasing by 10bps from 5.64% to 5.74%, product fee £995
Existing Customer
Core Range
Residential
Rate Changes
2 year fixed rate switcher
[FO39117] 60% LTV, increasing by 35bps from 6.24% to 6.59%, product fee £0
[FO39115] 60% LTV, increasing by 35bps from 5.94% to 6.29%, product fee £995
[FO39116] 60% LTV, increasing by 20bps from 6.14% to 6.34%, product fee £495
[FO39119] 75% LTV, increasing by 30bps from 6.29% to 6.59%, product fee £0
[FO39118] 75% LTV, increasing by 30bps from 5.99% to 6.29%, product fee £995
[FO39121] 80% LTV, increasing by 35bps from 6.34% to 6.69%, product fee £0
[FO39120] 80% LTV, increasing by 30bps from 6.09% to 6.39%, product fee £995
[FO39122] 85% LTV, increasing by 30bps from 6.09% to 6.39%, product fee £995
[FO39123] 85% LTV, increasing by 30bps from 6.39% to 6.69%, product fee £0
[FO39124] 90% LTV, increasing by 30bps from 6.09% to 6.39%, product fee £995
[FO39125] 90% LTV, increasing by 29bps from 6.40% to 6.69%, product fee £0
[FO39127] 100% LTV, increasing by 30bps from 6.44% to 6.74%, product fee £0
[FO39126] 100% LTV, increasing by 33bps from 6.11% to 6.44%, product fee £995
2 year tracker rate switcher
[TO6189] 60% LTV, increasing by 55bps from 5.79% to 6.34%, product fee £0
[TO6188] 60% LTV, increasing by 15bps from 5.34% to 5.49%, product fee £995
[TO6191] 75% LTV, increasing by 45bps from 5.94% to 6.39%, product fee £0
[TO6190] 75% LTV, increasing by 25bps from 5.39% to 5.64%, product fee £995
[TO6193] 80% LTV, increasing by 40bps from 6.09% to 6.49%, product fee £0
[TO6192] 80% LTV, increasing by 20bps from 5.54% to 5.74%, product fee £995
[TO6194] 85% LTV, increasing by 20bps from 5.59% to 5.79%, product fee £995
[TO6195] 85% LTV, increasing by 30bps from 6.19% to 6.49%, product fee £0
[TO6196] 90% LTV, increasing by 30bps from 5.99% to 6.29%, product fee £995
[TO6197] 90% LTV, increasing by 15bps from 6.39% to 6.54%, product fee £0
5 year fixed rate switcher
[FO39129] 60% LTV, increasing by 35bps from 5.59% to 5.94%, product fee £495
[FO39128] 60% LTV, increasing by 35bps from 5.54% to 5.89%, product fee £995
[FO39130] 60% LTV, increasing by 35bps from 5.69% to 6.04%, product fee £0
[FO39131] 75% LTV, increasing by 30bps from 5.59% to 5.89%, product fee £995
[FO39132] 75% LTV, increasing by 30bps from 5.74% to 6.04%, product fee £0
[FO39134] 80% LTV, increasing by 30bps from 5.84% to 6.14%, product fee £0
[FO39133] 80% LTV, increasing by 30bps from 5.69% to 5.99%, product fee £995
[FO39135] 85% LTV, increasing by 27bps from 5.72% to 5.99%, product fee £995
[FO39136] 85% LTV, increasing by 30bps from 5.84% to 6.14%, product fee £0
[FO39137] 90% LTV, increasing by 27bps from 5.72% to 5.99%, product fee £995
[FO39138] 90% LTV, increasing by 30bps from 5.84% to 6.14%, product fee £0
BTL Standard Switcher Range
Buy To Let
Rate Changes
2 year fixed rate switcher
[FO39140] 60% LTV, increasing by 114bps from 5.40% to 6.54%, product fee £0
[FO39139] 60% LTV, increasing by 125bps from 5.24% to 6.49%, product fee £995
[FO39142] 75% LTV, increasing by 114bps from 5.40% to 6.54%, product fee £0
[FO39141] 75% LTV, increasing by 125bps from 5.24% to 6.49%, product fee £995
[FO39143] 90% LTV, increasing by 104bps from 5.70% to 6.74%, product fee £0
5 year fixed rate switcher
[FO39144] 60% LTV, increasing by 104bps from 4.75% to 5.79%, product fee £995
[FO39145] 60% LTV, increasing by 101bps from 4.88% to 5.89%, product fee £0
[FO39146] 75% LTV, increasing by 104bps from 4.75% to 5.79%, product fee £995
[FO39147] 75% LTV, increasing by 101bps from 4.88% to 5.89%, product fee £0
End dates
2 Year Term End Dates Moving from 31 October 2025 to 30 November 2025
5 Year Term End Dates Moving from 31 October 2028 to 30 November 2028
Transitional arrangements
You’ll be able to produce Mortgage Illustrations and submit applications online for existing deals up to 10:30pm on Tuesday 11th July 2023.
If you’re unable to submit an application online due to a technical issue that cannot be resolved over the phone, then you must call the Business Development Team on 0345 026 0008 (Relay UK: 18001 0345 026 0008) by midday on Wednesday 12th July 2023. Requests received after this time will not be considered.
The information we will require is as follows:
· Your details - name, company and postcode
· Customer name
· Product applying for
· Amount of mortgage loan
· Reason - If you have experienced a technical issue a clear description of the problem encountered with error code (if applicable) must be provided
Once you have spoken to the team, please submit the case through our intermediary website.
For a complete listing of all our mortgage products, please visit the product page on our website.
Effective from Friday 30th June 2023
Here’s a full list of the changes with product codes in brackets:
New Business
Core Range
Residential
Rate Changes
2 year fixed rate purchase
[FO38979] 75% LTV, increasing by 35bps from 6.17% to 6.52%, product fee £0
[FO38978] 75% LTV, increasing by 35bps from 5.86% to 6.21%, product fee £995
[FO38981] 90% LTV, increasing by 35bps from 6.17% to 6.52%, product fee £0
[FO38980] 90% LTV, increasing by 35bps from 5.86% to 6.21%, product fee £995
2 year fixed rate remortgage
[FO38989] 75% LTV, increasing by 29bps from 6.23% to 6.52%, product fee £0
[FO38988] 75% LTV, increasing by 27bps from 5.94% to 6.21%, product fee £995
[FO38991] 90% LTV, increasing by 29bps from 6.23% to 6.52%, product fee £0
[FO38990] 90% LTV, increasing by 27bps from 5.94% to 6.21%, product fee £995
[FO38996] 90% LTV, increasing by 27bps from 5.94% to 6.21%, product fee £995, cashback £250
[FO38997] 90% LTV, increasing by 29bps from 6.23% to 6.52%, product fee £0, cashback £250
5 year fixed rate purchase
[FO38984] 75% LTV, increasing by 35bps from 5.61% to 5.96%, product fee £0
[FO38983] 75% LTV, increasing by 35bps from 5.49% to 5.84%, product fee £995
[FO38985] 90% LTV, increasing by 35bps from 5.49% to 5.84%, product fee £995
[FO38986] 90% LTV, increasing by 35bps from 5.61% to 5.96%, product fee £0
5 year fixed rate remortgage
[FO38993] 75% LTV, increasing by 17bps from 5.79% to 5.96%, product fee £0
[FO38992] 75% LTV, increasing by 20bps from 5.64% to 5.84%, product fee £995
[FO38995] 90% LTV, increasing by 17bps from 5.79% to 5.96%, product fee £0
[FO38994] 90% LTV, increasing by 20bps from 5.64% to 5.84%, product fee £995
[FO38999] 90% LTV, increasing by 17bps from 5.79% to 5.96%, product fee £0, cashback £250
[FO38998] 90% LTV, increasing by 20bps from 5.64% to 5.84%, product fee £995, cashback £250
Rate Changes and Cashback Changes
2 year fixed rate purchase
[FO38982] 95% LTV, increasing by 16bps from 6.39% to 6.55%, product fee £0, cashback decreasing from £350 to £0
5 year fixed rate purchase
[FO38987] 95% LTV, increasing by 35bps from 5.78% to 6.13%, product fee £0, cashback decreasing from £350 to £0
First Time Buyer
Residential
Rate Changes
2 year fixed rate purchase
[FO39000] 90% LTV, increasing by 35bps from 5.86% to 6.21%, product fee £995, cashback £250
[FO39001] 90% LTV, increasing by 35bps from 6.17% to 6.52%, product fee £0, cashback £250
5 year fixed rate purchase
[FO39003] 90% LTV, increasing by 35bps from 5.61% to 5.96%, product fee £0, cashback £250
[FO39002] 90% LTV, increasing by 35bps from 5.49% to 5.84%, product fee £995, cashback £250
Shared Equity
Residential
Rate Changes
2 year fixed rate purchase
[FO39004] 75% LTV, increasing by 65bps from 5.56% to 6.21%, product fee £995, cashback £250
[FO39005] 75% LTV, increasing by 65bps from 5.87% to 6.52%, product fee £0
5 year fixed rate purchase
[FO39006] 75% LTV, increasing by 65bps from 5.19% to 5.84%, product fee £995, cashback £250
[FO39007] 75% LTV, increasing by 65bps from 5.31% to 5.96%, product fee £0
Help to Buy: shared equity
Residential
Rate Changes
2 year fixed rate remortgage
[FO39008] 75% LTV, increasing by 57bps from 5.64% to 6.21%, product fee £995, cashback £500
[FO39009] 75% LTV, increasing by 59bps from 5.93% to 6.52%, product fee £0, cashback £500
5 year fixed rate remortgage
[FO39011] 75% LTV, increasing by 47bps from 5.49% to 5.96%, product fee £0, cashback £500
[FO39010] 75% LTV, increasing by 50bps from 5.34% to 5.84%, product fee £995, cashback £500
Existing Customer
Core Range
Residential
Rate Changes
2 year fixed rate switcher
[FO39013] 60% LTV, increasing by 35bps from 5.79% to 6.14%, product fee £495
[FO39014] 60% LTV, increasing by 35bps from 5.89% to 6.24%, product fee £0
[FO39012] 60% LTV, increasing by 35bps from 5.59% to 5.94%, product fee £995
[FO39015] 75% LTV, increasing by 35bps from 5.64% to 5.99%, product fee £995
[FO39016] 75% LTV, increasing by 35bps from 5.94% to 6.29%, product fee £0
[FO39018] 80% LTV, increasing by 35bps from 5.99% to 6.34%, product fee £0
[FO39017] 80% LTV, increasing by 35bps from 5.74% to 6.09%, product fee £995
[FO39019] 85% LTV, increasing by 35bps from 5.74% to 6.09%, product fee £995
[FO39020] 85% LTV, increasing by 35bps from 6.04% to 6.39%, product fee £0
[FO39022] 90% LTV, increasing by 17bps from 6.23% to 6.40%, product fee £0
[FO39021] 90% LTV, increasing by 30bps from 5.79% to 6.09%, product fee £995
[FO39024] 100% LTV, increasing by 5bps from 6.39% to 6.44%, product fee £0
[FO39023] 100% LTV, increasing by 17bps from 5.94% to 6.11%, product fee £995
5 year fixed rate switcher
[FO39025] 60% LTV, increasing by 35bps from 5.19% to 5.54%, product fee £995
[FO39026] 60% LTV, increasing by 35bps from 5.24% to 5.59%, product fee £495
[FO39027] 60% LTV, increasing by 35bps from 5.34% to 5.69%, product fee £0
[FO39029] 75% LTV, increasing by 35bps from 5.39% to 5.74%, product fee £0
[FO39028] 75% LTV, increasing by 35bps from 5.24% to 5.59%, product fee £995
[FO39030] 80% LTV, increasing by 35bps from 5.34% to 5.69%, product fee £995
[FO39031] 80% LTV, increasing by 35bps from 5.49% to 5.84%, product fee £0
[FO39033] 85% LTV, increasing by 30bps from 5.54% to 5.84%, product fee £0
[FO39032] 85% LTV, increasing by 33bps from 5.39% to 5.72%, product fee £995
[FO39034] 90% LTV, increasing by 28bps from 5.44% to 5.72%, product fee £995
[FO39035] 90% LTV, increasing by 20bps from 5.64% to 5.84%, product fee £0
End dates
There are no changes to end dates
Transitional arrangements
You’ll be able to produce Mortgage Illustrations and submit applications online for existing deals up to 10:30pm on Thursday 29th June 2023.
If you’re unable to submit an application online due to a technical issue that cannot be resolved over the phone, then you must call the Business Development Team on 0345 026 0008 (Relay UK: 18001 0345 026 0008) by midday on Friday 30th June 2023. Requests received after this time will not be considered.
The detail we will require is as follows:
· Your details - name, company and postcode
· Customer name
· Product applying for
· Amount of mortgage loan
· Reason - If you have experienced a technical issue a clear description of the problem encountered with error code (if applicable) must be provided
Once you have spoken to the team, please submit the case through our intermediary website.
For a complete listing of all our mortgage products, please visit the product page on our website.
Criteria news
We have removed the 90 day Track and Switch time period for all Tracker products.
Your NatWest customers will now be able to switch to a fixed product at any time once their Tracker rate is live. This change could give your customer increased flexibility when selecting a mortgage deal.
We will contact customers that have selected a Tracker Product to inform them directly of this change.
We have updated our Track and Switch hub in light of this change.
We wanted to provide you with greater clarity on additional incomes that we can use to support your customers mortgage application and we have made changes to our A-Z Lending Criteria and Income & Packaging Guide.
These changes include:
· Additional Income
· Long Term Town Allowance
· NHS Bank
· Pilot/Cabin crew
· Shift Allowances
· Seafarers
· Tips/Tronc
Help us help you
Please ensure you consult our A-Z Lending Criteria page and Income and Packaging Guide prior to submission, for details of all incomes accepted and the documents needed to support your customers application. Underwriting of the mortgage application can only begin once we have all documents required, if we need to request further information for your customer’s application, this will extend our underwriting timescales. You can stay up to date with our service levels here.
We’ve updated our Buy to Let stress rates as follows:
· 2 year fixed: decrease from 8.6% to 8.15%.
· 5 year fixed: decrease from 7% to 6.78%
· Like for Like remortgages: 8.21% to 7.55%
Our Buy to Let Hub has been updated to reflect this.
Transitional Arrangements
Any Decision in Principle (DIP) or Full Mortgage Application submitted before 29th August will have the previous values applied, as they were at the original submission. For example, a DIP completed before 29th August for a 2 year fixed will have the 8.6% stress rate, with the new stress rate of 8.15% being used from 29th August onwards.
Government share codes are now acceptable alongside a passport for non-UK nationals.
If your customers can present this document along with their foreign passport, it will remove the need to provide a physical Visa as part of their packaging.
How to access and process a share code
1. Visit https://www.gov.uk/check-immigration-status and click ‘Start Now’.
2. Enter the share code provided by the customer and click ‘Continue’.
3. Enter the customer’s date of birth and click Continue – this must match the account application.
4. Enter your job title and the organisation or company name and press ‘Continue’.
5. Choose ‘a new bank or building society account’, for the ‘why are you checking this person’s status’ question, and press ‘Continue’.
Our A-Z Lending Criteria page and Income and Packaging guide have been updated to reflect this change.
Today the Bank of England announced an increase of 0.25% to 5.25% to the Bank of England Base Rate. In response we will also be increasing the NatWest Base Rate by 0.25% to 5.25% for mortgages.
The new NatWest Base Rate of 5.25% will be effective on new Tracker mortgage illustrations from Monday 7th August 2023. All product codes will remain the same.
What mortgage products are affected by this change?
Our NatWest Tracker products are affected by this change. The new product guides will be available from Monday 7th August, and sourcing systems will be updated from this time.
Please note that any mortgage illustrations produced for Tracker products between Thursday 3rd August and Sunday 6th August will be based on the current rate.
What is a Tracker rate?
A Tracker rate is a variable rate that tracks the NatWest Base Rate. This means that the customer’s mortgage rate and amount they pay for their mortgage on a monthly basis can change in line with the NatWest Base Rate.
What is the NatWest Base Rate?
The NatWest Base Rate is a variable rate set by NatWest in line with the Bank of England Base Rate. The NatWest Base Rate is independent of the Bank of England Base Rate.
With effect from 28th July, we’re making enhancements to our valuation journey to support customers looking to borrow against properties in England with cladding.
What you need to know:
We’ll now utilise new data from the Government confirming if a building in England is being remediated through either Government or Developer Remediation schemes
This data will be passed to the valuer. The data relates to buildings of 11m or greater in height
If a building is listed on the Government remediation portal, or we already hold an existing validated EWS1 form, this will enable the valuer to proceed with a valuation
Where the building is not listed or we don’t already hold an EWS1 form, the valuer will request an EWS1 form as per current process
If an EWS1 form is requested and not available, we can consider alternative evidence of remediation on a case by case basis. This could include a letter of comfort from the developer or DLUHC (Department of Levelling up Housing and Communities) confirming cladding remediation or a FRAEW (Fire Risk Appraisal of an External Wall) in addition to a Leaseholder Deed of Certificate
This new process will apply to all application types
This new process will impact all new cases and any pipeline applications currently awaiting an EWS1 form
There is no change to the existing process for properties in Wales, Scotland, and Northern Ireland
We’ll still need a leaseholder deed of certificate where applicable
What you need to do:
You’ll be advised if we require any specialist reports on receipt of the valuation
If an EWS1 form is required and available, please provide this as per existing process
If an EWS1 form is requested and not available, you can provide alternative evidence of remediation (e.g. letter of comfort from developer, FRAEW etc.) which will be considered on a case by case basis
For further information about this please refer to our A-Z Criteria.
Service news
The NatWest intermediary website has had an update
We know it’s helpful getting the information you need online whenever you need it.
Today we’ve updated our intermediary website to make it easier for you to access the information you need from NatWest anytime it suits you.
Key benefits of the new intermediary website:
- Clear and fresh new look
- Easier to find information
- Integrated with internal systems
What’s next?
We’re continuing to improve the intermediary website experience so that you can get the information you need online. We’ll keep you posted on further updates as we make them over the coming months.
How can I find out more?
Our intermediary website is just one way you can find the information and support you need to do business with NatWest.
For new business enquiries speak to our Business Development Advisers (BDAs) on the phone or you can chat via the website with them on LiveTalk:
0345 026 0008 (Relay UK: 18001 0345 026 0008)
Monday – Friday 9am – 5pm
For any existing case enquires use our dedicated Broker Line – who have access to all your case information:
0345 600 0205 (Relay UK: 18001 0345 600 0205)
Monday – Friday 9am – 5pm
We’d like to provide you with clearer guidance when keying income for your customer’s small landlords and like for like remortgage applications.
This guidance includes keying requirements for earned and rental income from background Buy to Let/Consent to Let properties.
To ensure the right customer outcome, please note:
· Your customer’s income should only include personal (earned) income and should not include rent from background properties.
· Rental income from the subject property should not be included as a form of income as this will be captured separately.
· All background property information including rental income is captured elsewhere in the journey.
· For employed customers who are unable to verify their income in line with our packaging requirements, income should be keyed as £0 (This allows the application to be considered based on a maximum lend calculated by ICR and expected rental income alone, subject to credit score).
If you would like more detail on our Buy to Let policies, please visit our Buy to Let hub.
From Monday 15th May, we’re changing the way we work. Our Business Development team of helpful experts will be bigger and better than before because we value you and want to support you even more.
Pre-Application – call our Business Development Advisers (BDAs)
Our telephone Business Development team is bigger than before because we value our intermediary relationships. With more BDAs to talk to, you’ll get the answers you need quickly before you submit a mortgage application to us.
In the know
We know the ins and outs of NatWest mortgages so if you want to chat through a case, whether it’s complex income, a self-employed case, residential interest only or something else, our expert team can give you a quick response and help you feel reassured with a complete answer.
Your choice – call or LiveTALK
We love to talk. Our number is 0345 026 0008 (Relay UK 18001 0345 026 0008) and we’re available Monday – Friday 9am – 5pm if you want to talk through your customers mortgage application.
Or, if you’ve got a quick policy query simply send us your question on LiveTALK. It’s our Business Development Advisers who respond so you’ll be able to rely on an answer from a real person that understands you and what you’re talking about.
Application submission – quick answers when submitting business to us
When you submit a case to us, you’ll want to know we’ve got everything we need upfront, so your case goes through as smoothly as possible. Our latest submission guide will give you general guidance about what we ask for with your mortgage application.
Please call us on 0345 026 0008 (Relay UK 18001 0345 026 0008) if you’ve got a query whilst putting your case through.
Post submission – getting an up-to-date status
We understand you want to know where your case is up to once you’ve submitted a mortgage application to us.
Case Tracking
We improved our case tracking system recently so it’s even easier and simpler to use. Do take a look at this explainer webpage if you need to know more and check out the system first before you call us about where we’re up to with your customers mortgage application.
Call our Broker Line if you need to know more
Our Broker Line is for any intermediary queries about the progress of your mortgage applications with us. Our Broker Line is available Monday – Friday 9am – 5pm and our team will be able to help you. Our number is 0345 600 0205 (Relay UK 18001 0345 600 0205).
This should make it even easier for you to get the updates and reassurance you need on your customers mortgage applications. Rest assured we’re going the extra mile to help you to help them.
We’ve changed - to support you and your customers even more
Our qualified, helpful intermediary telephone teams are here at every stage of your customers mortgage application.
So, whether customers have simple or complex mortgage needs, are buying for the first time, are landlords, or looking to remortgage, we’re here to support you support them.
Monthly round up news
As we reach the end of August there continues to be lots happening at NatWest, across the mortgage market and in the industry.
To help you keep up to speed with the changes we’ve made recently, we’ve compiled our main news items from August.
Our latest product range
We’ve made changes to our product offering this month. Including reductions of up to 45bps for new business and 14bps for existing customer products. For full details, please visit our latest news page.
Whether your customers are buying for the first time, are landlords, or looking to remortgage, we have solutions which could support you with their home and property ambitions.
Buy to Let stress rates
We’ve updated our Buy to Let stress rates as follows:
- 2 year fixed: decrease from 8.6% to 8.15%.
- 5 year fixed: decrease from 7% to 6.78%
- Like for Like remortgages: 8.21% to 7.55%
Our Buy to Let Hub has been updated to reflect this.
Government share codes
Government share codes are now acceptable alongside a passport for non-UK nationals.
If your customers can present this document along with their foreign passport, it will remove the need to provide a physical Visa as part of their packaging.
Our A-Z Lending Criteria page and Income and Packaging guide have been updated to reflect this change.
With effect from 28th July, we’re making enhancements to our valuation journey to support customers looking to borrow against properties in England with cladding.
Cladding
We’ll now utilise new data from the Government confirming if a building in England is being remediated through either Government or Developer Remediation schemes.
This data will be passed to the valuer. The data relates to buildings of 11m or greater in height. If a building is listed on the Government remediation portal, or we already hold an existing validated EWS1 form, this will enable the valuer to proceed with a valuation
Where the building is not listed or we don’t already hold an EWS1 form, the valuer will request an EWS1 form as per current process.
If an EWS1 form is requested and not available, we can consider alternative evidence of remediation on a case by case basis.
This new process will apply to all application types.
For further information about this please refer to our A-Z Criteria.
Supporting your customers once they have their mortgage with Natwest
If your customer is concerned about their finances, missing a mortgage payment or paying off their mortgage, the sooner they get in touch, the sooner we may be able to help. They can also visit our cost of living webpage, where there are practical saving tips, including ideas on reducing household bills. They may also want to consider contacting a free debt advice organisation.
Let us know what you think of this latest monthly update, you can contact us via LiveTALK, or via your BDM.
Here’s a summary of the last month’s updates from NatWest. It’s been very busy month across the whole of the market and there’s been a lot of changes at NatWest too so here’s an update of what’s been going on and some updates on some of your frequently asked questions.
Our latest rates - always online
You’ll always find our latest rates on our website, even if things are changing frequently. Our latest rates are effective from today, for full details please click here.
June updates you need to know
We updated our Buy to Let stress rates:
· 2 year fixed: Increased stress rate from 6.7% to 8.10%
· 5 year fixed: Increased stress rate from 6% to 6.89%
· Like for like remortgage: Increased stress rate from 6% to 7.54%
Product Transfers 6 months before deal ends
For NatWest existing customers Product Transfers are available 6 months before the deal ends. This means that customers whose deal ends in December can now secure a new rate. For more information about eligibility, process and rates have a look at our website. New and existing customers can now make overpayments of up to 20% with no Early Repayment Charge.
Porting – what you need to know
You can find out more about porting in our helpful guide here.
If you’ve got a straightforward policy query, simply send us your question on LiveTALK which will be answered by a real person.
If you want to talk through your customers mortgage application our helpful expert Business Development Advisers are on hand to answer your queries. Our number is 0345 026 0008 (Relay 18001 0345 026 0008) and we’re available Monday – Friday 9am – 5pm.
Mortgage on their mind?
If your customers are struggling with their mortgage please ask them to call us or have a look at the information and support available for NatWest customers here.
We’re clear about our service levels
We’ve changed the way we work to support you better. You’ll always be able to see our service levels on our website, which are updated daily.
We wanted update you on some of the latest things we’re doing to support our climate and help the green transition in housing.
Greener Homes Attitude Tracker
We published the findings from the latest Greener Homes Attitude Tracker this week. The tracker is based on responses from 4,500 people across the UK in Q1.
Some key findings from the Q1 tracker include:
- Half of UK households are struggling with higher gas and electricity prices – resulting in a drop in the number planning to make sustainable changes in the home
- The cost of having the work done was by far the greatest barrier to sustainable home improvements, cited by 71% of homeowners not planning improvements in the next 10 years
To read the tracker in full, please click here.
Greener Homes Retrofit Project
NatWest is currently helping to fund a series of greener home retrofits for 9 customers across the UK, with co-ordination help from Quidos, taking customers on the journey from consideration of these improvements to making them a reality. Through the Sustainable Homes and Buildings Coalition, NatWest is working with Worcester Bosch, and British Gas to assess the EPC rating of their properties and install appropriate solutions to improve energy efficiency and cut emissions such as insulation upgrades, heat pumps and solar panels.
Lloyd Cochrane, Head of Mortgages at NatWest said: “Our retrofit project and quarterly tracker have informed our support for customers. These insights have also formed part of our work across industry and our engagement with Government to propose policies that can work positively to support consumers improve the energy efficiency of their homes.”
Home Energy Plan
To help customers reduce their energy usage while making their home greener, we created a free tool that gives tips on how make homes more energy efficient. This could help to reduce energy bills and a customer’s home carbon emissions. You don’t have to be a NatWest customer to benefit from it. For more information, please click here.
NatWest latest climate commitments
“I want to send a very clear message at the beginning of 2023 that we are not letting up on tackling climate change.” Alison Rose DBE, NatWest Group CEO.
Giving a speech at a climate event held at our Bishopsgate HQ in London earlier this year, our CEO Alison Rose DBE set out proposed actions we plan to take to reduce the climate impact of our financing activities while also supporting our customers to achieve their ambitions to transition to the net zero economy including a new announcement that we aim to provide £10bn lending to EPC A or B residential properties by the end of 2025. You can read more on this here.
Green mortgages
NatWest offers a range of green mortgage products for EPC A or B rated properties, for both residential and Buy to Let mortgages. For more information, please visit our products page.
We hope these updates, insight and tools from NatWest can be helpful for you and your customers when talking about more energy efficient homes.