We’re pleased to confirm that we have refreshed our full core Residential and Buy to Let Mortgage ranges. Both are enhanced to include ‘Autumn Specials’ products, teaming great rates with our diverse criteria to help even more customers. The necessary product grids can be found here. Please note, no products are being withdrawn.
We would appreciate your support in promoting the changes detailed to your intermediary database. If there is anything I can provide you with to assist with this please do let me know. Our marketing emails will be issued early Tuesday am, which we will ensure you receive a copy of.
RESIDENTIAL MORTGAGES
At the launch of BBR (23 July 2019) we reduced the fees in our Core Residential range, providing a benefit to customers and reducing the total to pay over the incentive period. Now, we are further reducing fees across all Core Residential tiers and we are also reducing pricing:
- Rates from 99%
- Fees reduced from £995 to £495 across all tiers and LTVs
- Rates reduced across all tiers by up to 50bps
BUY TO LET MORTGAGES
The ranges have been refreshed to offer reduced rates, including:
- Core Buy to Let: 99% 2-year fixed with 2.5% fee, 75% LTV, assessment rate 5.5%
- Core Buy to Let: 79% 2-year fixed with 0.5% fee, 75% LTV, assessment rate 5.5%
In the 5-year market, our highly successful 3.39% 5-year fixed with £3,995 fee (min £300k) will remain available. This will be complemented with 5 year rates from 2.99% allowing landlords a choice between rate and fee:
- Core Buy to Let and Limited Company – 99% 5-year fixed with 2% fee, 60% LTV, minimum loan size of £750,000, assessment rate 2.99%
- All Buy to Let – 19% 5-year fixed with 2% fee, 75% LTV, assessment rate 3.19%
- All Buy to Let – 34% 5-year fixed with £1,995 fee, maximum loan £300,000, 75% LTV, assessment rate 3.34%
The minimum loan size stays at £40,000 (unless otherwise stated).
