We are pleased to bring you news of a new range of Residential Fees-Assisted 2-Year Fixed Rate products that we today.
This update will introduce a new range of 2-year fixed rate options for borrowers that may benefit from a product with reduced fees. This may be a first time buyer with a smaller deposit that wants to keep money available for home improvements, or a borrower looking to remortgage to reduce their monthly repayments without incurring fees up front.
In summary:
- 2-year fixed rates from 3.65%
- Available in Tiers 1 – 5
- Available up to 85% LTV
- Refund of Valuation (max £630)
- £0 product fee
This launch will also introduce improved Residential LTV Loan Limits that will apply to all of our Residential products:
- £1,000,000 to 70% LTV
- £750,000 to 80% LTV (Increased from £500,000)
- £500,000 to 85% LTV (Increased from £300,000)
Please note that any product or scheme specific limits will still apply (e.g. Help to Buy max £450k).
The attached spreadsheet contains details of the new products and also reflects the LTV loan limit change. Please note that this information is EMBARGOED until Friday 18th May 2018.
If you have any product queries, please contact the product team (Ryan, Ed, Andrew), or for marketing related queries please contact Laura K in our marketing team. Please note that updated product guides will be circulated to you as soon as possible.
