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

This change has seen us introduce two new Buy to Let portfolio landlord products.

 

New Buy to Let Portfolio Landlord product highlights:

(Purchase and Remortgage)

  • 1.99% 2 Year Fixed, £1950 product fee, 75% LTV, Min loan £35k, Max loan £1m
  • 2.69% 5 Year Fixed, £1950 product fee, 75% LTV, Min loan £35k, Max loan £1m

Key new Residential product Highlights:

(Purchase and Remortgage)

  • 1.78% 2 Year Fixed, £0 product fee, 60% LTV, Min loan £5k, Max loan £500k
  • 1.46% 2 Year Fixed, £999 product fee, 60% LTV, Min loan £5k, Max loan £1m
  • 2.14% 5 Year Fixed, £0 product fee, 60% LTV, Min loan £5k, Max loan £250k

What are the key timings for these changes?

The withdrawal process is detailed below:

  • Products will be withdrawn/last KFI/ Last case booking: Wednesday 25th April, 2018
  • New products will be available: Thursday 26th April, 2018
  • Last applications: Friday 4th May, 2018

Please see below for full details of new products launching, existing products that are changing and existing products that are being withdrawn and not replaced.

What new products are launching?

Residential

Purchase and Remortgage               

  • 1.46% 2 Year Fixed, £999 product fee, 60% LTV, Min loan £5k, Max loan £1m
  • 1.78% 2 Year Fixed, £0 product fee, 60% LTV, Min loan £5k, Max loan £500k
  • 2.14% 5 Year Fixed, £0 product fee, 60% LTV, Min loan £5k, Max loan £250k

Remortgage Only (Great Escape)

  • 1.80% 2 Year Fixed, £0 product fee, 60% LTV, Min loan £50k, Max loan £500k
  • 2.12% 5 Year Fixed, £0 product fee, 60% LTV, Min loan £50k, Max loan £500k

Buy to Let

Purchase and Remortgage – Portfolio Landlords

  • 1.99% 2 Year Fixed, £1950 product fee, 75% LTV, Min loan £35k, Max loan £1m
  • 2.69% 5 Year Fixed, £1950 product fee, 75% LTV, Min loan £35k, Max loan £1m

What existing products are changing?

Residential

Purchase and Remortgage

  • 1.46% 2 Year Fixed, £999 product fee, 75% LTV, Min loan £5k, Max loan £1m will increase to 1.49%
  • 1.80% 2 Year Fixed, £0 product fee, 75% LTV, Min loan £5k, Max loan £500k will increase to 1.82%
  • 1.53% 2 Year Fixed, £2499 product fee, 60% LTV, Min loan £1m, Max loan £5m will increase to 1.56%
  • 1.53% 2 Year Fixed, £3499 product fee, 60% LTV, Min loan £5m, Max loan £10m will increase to 1.56%
  • 1.59% 2 Year Fixed, £2499 product fee, 75% LTV, Min loan £1m (reduced from £2m), Max loan £5m
  • 2.59% 10 Year Fixed, £2499 product fee, 70% LTV, Min loan £1m, Max loan £5m will increase to 2.69%

EMC Reward Range (Rate Switch & Further Advance)   

  • 1.75% 1 Year Fixed, £0 product fee, 75% LTV, Min loan £5k, Max loan £2m will increase to 1.82%
  • 1.46% 2 Year Fixed, £0 product fee, 75% LTV, Min loan £5k, Max loan £2m will increase to 1.49%
  • 1.79% 2 Year Fixed, £0 product fee, 75% LTV, Min loan £5k, Max loan £2m will increase to 1.81%
  • 1.50% 2 Year Fixed, £0 product fee, 85% LTV, Min loan £5k, Max loan £2m will increase to 1.53%
  • 2.09% 5 Year Fixed, £0 product fee, 60% LTV, Min loan £5k, Max loan £2m will increase to 2.11%
  • 1.53% 2 Year Fixed, £1999 product fee, 70% LTV, Min loan £2m, Max loan £10m will increase to 1.56%
  • 2.59% 10 Year Fixed, £1999 product fee, 70% LTV, Min loan £2m, Max loan £10m will increase to 2.69%

Buy to Let

Purchase and Remortgage 

  • 1.55% 2 Year Fixed, £2750 product fee, 60% LTV, Min loan £1m, Max loan £2m will increase to 1.68%

Reward Range (Rate Switch and Further Advance)

  • 1.55% 2 Year Fixed, £1800 product fee, 60% LTV, Min loan £5k, Max loan £1m will increase to 1.68%

What products are withdrawing and not being replaced?

Residential

Purchase and Remortgage

1.50% 2 Year Fixed, £999 product fee, 80% LTV, Min loan £5k, Max loan £2m