Please be advised we have made a number of changes across our Residential and Reward ranges with new product’s launched.

Speculation of a base rate rise in August continues and many customers will no doubt be thinking about what the implications of an increase would be to them. The remortgage market is likely to become more active as we move closer to the decision and so to suport you and your clients, we are making some positive changes to our Great Escape products.

Key Residential changes:

Available for Purchase and Remortgage

  • Our 1.96% Great Escape 2 Year Fixed, £0 product fee, 60% LTV, Min loan £50k, Max loan £500k will decrease to 1.90%
  • Our 2.20% Great Escape 5 Year Fixed, £0 product fee, 60% LTV, Min loan £50k, Max loan £500k will decrease to 2.15%
  • Our 1.54% 2 Year Fixed, £999 product fee, 60% LTV, Min loan £5k, Max loan £1m will increase to 1.60%
  • Our 1.58% 2 Year Fixed, £999 product fee, 75% LTV, Min loan £5k, Max loan £1m will increase to 1.60%.

Key timings

  • Existing products withdrawn: Tuesday 17th July, 2018
  • New products launching: Wednesday 18th July, 2018
  • Last  applications on existing products: Thursday 26th July, 2018
  • Last application for rate switches (product transfers): Friday 20th July, 2018

Please see below for full details of all products that are changing.

What products are reducing in rate?

Residential

Remortgage

  • Our 1.96% Great Escape 2 Year Fixed, £0 product fee, 60% LTV, Min loan £50k, Max loan £500k will decrease to 1.90%
  • Our 2.01% Great Escape 2 Year Fixed, £0 product fee, 75% LTV, Min loan £50k, Max loan £500k will decrease to 1.94%
  • Our 2.20% Great Escape 5 Year Fixed, £0 product fee, 60% LTV, Min loan £50k, Max loan £500k will decrease to 2.15%
  • Our 2.29% Great Escape 5 Year Fixed, £0 product fee, 75% LTV, Min loan £50k, Max loan £500k will decrease to 2.24%

Residential

Reward

  • Our 1.96% EMC Reward 1 Year Fixed, £0 product fee, 75% LTV, Min loan £5k, Max loan £2m will decrease to 1.92%
  • Our 1.91% EMC Reward 2 Year Fixed, £0 product fee, 60% LTV, Min loan £5k, Max loan £2m will decrease to 1.89%
  • Our 1.95% EMC Reward 2 Year Fixed, £0 product fee, 75% LTV, Min loan £5k, Max loan £2m will decrease to 1.93%
  • Our 2.19% EMC Reward 5 Year Fixed, £0 product fee, 60% LTV, Min loan £5k, Max loan £2m will decrease to 2.15%
  • Our 2.99% EMC Reward 2 Year Tracker, £299 product fee, 85% LTV, Min loan £5k, Max loan £2m fee will decrease to £99

What products are increasing in rate?

Residential

Purchase

  • Our 1.54% 2 Year Fixed, £999 product fee, 60% LTV, Min loan £5k, Max loan £1m will increase to 1.60%
  • Our 1.58% 2 Year Fixed, £999 product fee, 75% LTV, Min loan £5k, Max loan £1m will increase to 1.60%
  • Our 1.81% 2 Year Fixed, £999 product fee, 85% LTV, Min loan £500k, Max loan £2m will increase to 1.87% and Min loan decreasing to £400k
  • Our 2.10% 2 Year Fixed First Time Buyer, £0 product fee, 85% LTV, Min loan £5k, Max loan £500k will increase to 2.20%
  • Our 2.22% 5 Year Fixed, £999 product fee, 85% LTV, Min loan £5k, Max loan £1m will increase to 2.24%

Help to Buy

  • Our 1.61% Help to Buy 2 Year Fixed, £749 product fee, 75% LTV, Min loan £25k, Max loan £450k will increase to 1.65%
  • Our 1.84% Help to Buy 2 Year Fixed, £0 product fee, 75% LTV, Min loan £25k, Max loan £450k will increase to 1.90%
  • Our 1.60% Scotland Help to Buy 2 Year Fixed, £499 product fee, 80% LTV, Min loan £25k, Max loan £160k will increase to 1.64%
  • Our 1.83% Scotland Help to Buy 2 Year Fixed, £0 product fee, 80% LTV, Min loan £25k, Max loan £160k will increase to 1.89%
  • Our 1.45% London Help to Buy 2 Year Fixed, £749 product fee, 55% LTV, Min loan £25k, Max loan £330k will increase to 1.50%
  • Our 1.69% London Help to Buy 2 Year Fixed, £0 product fee, 55% LTV, Min loan £25k, Max loan £330k will increase to 1.72%

Remortgage

  • Our 1.54% 2 Year Fixed, £999 product fee, (£400 cashback) 60% LTV, Min loan £5k, Max loan £1m will increase to 1.60%
  • Our 1.58% 2 Year Fixed, £999 product fee, 75% LTV, Min loan £5k, Max loan £1m will increase to 1.60%
  • Our 1.81% 2 Year Fixed, £999 product fee, 85% LTV, Min loan £500k, Max loan £2m will increase to 1.87% and Min loan decreasing to £400k
  • Our 2.22% 5 Year Fixed, £999 product fee, 85% LTV, Min loan £5k, Max loan £1m will increase to 2.24%

Reward range

  • Our 1.54% EMC Reward 2 Year Fixed, £899 product fee, 60% LTV, Min loan £5k, Max loan £2m will increase to 1.60%
  • Our 1.58% EMC Reward 2 Year Fixed, £899 product fee, 75% LTV, Min loan £5k, Max loan £2m will increase to 1.60%
  • Our 2.21% EMC Reward 5 Year Fixed, £899 product fee, 85% LTV, Min loan £5k, Max loan £2m will increase to 2.24%