On Wednesday 31st August we are making the following changes to our semi exclusive & core range of products and the corporate communication will be issued at 12 noon today to you.
From Wednesday 31st August, we are introducing First Time Buyer exclusives across the range, which will continue to include £500 cashback.
We’ve also introduced new 60-90% LTV 2 year fixed no fee purchase and remortgage rates, as well as a 60% LTV 5 year fixed no fee remortgage product at 2.33%.
Rates in the purchase and remortgage semi-exclusive range are being reduced between 9-65bps on the 5 year fixed rate 60-90% LTV products and between 1-14bps on the 2 year fixed rate deals for 60-85% LTV products.
Our Buy to Let Exclusive rates across the 60-75% LTV 2 year fee-based and no fee purchase and remortgage products have also been reduced.
There is a small rate increase on the 60% LTV 2 year fixed fee-based purchase product by 1bps.
For a full summary of the changes in our semi-exclusive range, please refer to the attached sheet. For a complete listing of all our mortgage products, please visit the product page on our web site.
From Wednesday 31st August, we are reducing our standard residential purchase rates on a large number of our 2, 3 and 5 year fixed fee-based products and on our fee-based standard residential remortgage products.
Customers looking to buy their first home using the Help to Buy: Mortgage Guarantee Scheme are also benefiting with a price reduction on our 95% LTV 2 year fixed no fee product by 10 bps to 3.81%.
Within our residential purchase range, rates have been reduced between 5-25 bps on its 2 year fixed rate deals and between 6-24 bps on our 5 year fixed rate deals for 60-90% LTV fee products. The 3 year fixed rate 60% LTV fee product is also reducing by 6 bps.
Rates on our standard residential remortgage range are reducing by 5 bps on our 3 year fixed rate 60% and 70% LTV fee product.
There are reductions in our Buy to Let Core 2 year fixed ranges for purchase and remortgage products by 19-23 bps.
For a full summary of the rate changes, please refer to the attached sheet. For a complete listing of all our mortgage products, please visit the product page on our web site.
If you have any questions please use our dedicated instant messaging service LiveTALK.
