We are delighted to confirm we have made a number of positive changes to our Residential product range(s) with new products launched.

These changes include launching three new fee free high LTV cash back fixed rate products for First Time Buyer’s (FTB’s). The FTB market is vibrant and these products will help you further capitalise as we approach a key period of the year for these customers.

In addition, we have seen a switch in customer appetite with more customers opting for longer term fixed rate products. To help cater for these customers, we are also launching two new attractive seven year fixed rate products.

Finally, we have introduced a suite of Great Escape products to help customers looking to remortgage.

Key new product Highlights:

  • Introducing a 1.98% 2 Year Fixed, £0 product fee, £500 cash back, available up to 85% LTV for loans from £5k to £250k for residential first time buyer purchase
  • Introducing a 2.29% 2 Year Fixed, £0 product fee, £500 cash back, available up to 90% LTV for loans from £5k to £500k for residential first time buyer purchase
  • Introducing a 3.94% 2 Year Fixed, £0 product fee, £500 cash back available up to 95% LTV for loans from £5k to £500k for first time buyer purchase
  • Introducing a 2.19% 7 Year Fixed, £999 product fee, available up to 60% LTV for loans from £5k to £1m for customers looking to purchase and remortgage

Please see below for full details of all products that are being launched and existing products being increased.

For full details of existing products that are being reduced,please view the new intermediary rate sheet and new reward range sheet dated Tuesday 13th March for full details.

What products are we launching?

Residential

Purchase and Remortgage

  • 2.19% 7 Year Fixed, 60 % LTV with £999 fee, Min Loan £5k, Max Loan £1m
  • 2.69% 7 Year Fixed, 60% LTV with £0 fee, Min Loan £5k, Max Loan £1m

Purchase Only

  • 1.98% 2 Year Fixed, £0 product fee, £500 cash back, available up to 85% LTV, Min loan £5k, Max Loan £250k for residential first time buyer purchase
  • 2.29% 2 Year Fixed, £0 product fee, £500 cash back, available up to 90% LTV, Min loan £5k, Max Loan £500k for residential first time buyer purchase
  • 3.94% 2 Year Fixed, £0 product fee, £500 cash back available up to 95% LTV, Min loan £5k, Max Loan £500k for first time buyer purchase.

Remortgage Only (Great Escape)

  • 1.71% 2 Year Fixed, 60% LTV with £0 fee, Min Loan £50K, Max Loan £500k
  • 1.79% 2 Year Fixed, 75% LTV with £0 fee, Min Loan £50K, Max Loan £500k
  • 1.83% 2 Year Fixed, 80% LTV with £0 fee, Min Loan £50K, Max Loan £500k
  • 2.12% 5 Year Fixed, 60% LTV with £0 fee, Min Loan £50K, Max Loan £500k
  • 2.37% 2 Year Fixed, 75% LTV with £0 fee, Min Loan £50K, Max Loan £500k
  • 2.55% 2 Year Fixed, 80% LTV with £0 fee, Min Loan £50K, Max Loan £500k

Reward Rates  (Further Advance and Rate Switch)

  • 2.68% 7 Year Fixed, 75% LTV with £0 fee, Min Loan £5k, Max Loan £2m
  • 2.19% 7 Year Fixed, 75% LTV with £899 fee, Min Loan £5k, Max Loan £2m
  • 2.39% 10 Year Fixed, 75% LTV with £899 fee, Min Loan £5K, Max Loan £2m
  • 2 Year Tracker + 0.95%, 60% LTV with £1999 fee, Min Loan £2m, Max Loan £10m
  • 2 Year Offset Tracker + 1.54%, 70% LTV with £1999 fee, Min Loan £2m, Max Loan £10m

What products are we increasing?

Residential

Purchase and Remortgage

  • 1.65% 3 Year Fixed (Premier), 60% LTV, £999 fee (min loan £5k, max loan £2m) – increased by 6bps
  • 1.68% 3 Year Fixed, 60% LTV, £999 fee (min loan £5k, max loan £1m) – increased by 4bps

Remortgage Only

  • 1.86% 3 Year Fixed, 60% LTV with £0 fee, Min Loan £50K, Max Loan £500k – increased by 7bps

EMC Reward Range (Rate Switch & Further Advance)

  • 1.33% 2 Year Fixed, 60% LTV, £899 fee (min loan £5k, max loan £2m) – increased by 1bps
  • 1.65% 3 Year Fixed, 75% LTV, £899 fee (min loan £5k, max loan £2m) – increased by 16bps

What Products are we withdrawing and not replacing?

Purchase Only

  • 1.85% 2 Year Fixed, 85% LTV with £399 fee, Min Loan £100K, Max Loan £250k
  • 2.09% 2 Year Fixed, 90% LTV with £399 fee, Min Loan £100K, Max Loan £250k

Reward Range (Rate Switch and Further Advance)

  • 2.39% 10 Year Fixed, 60% LTV with £899 fee, Min Loan £5K, Max Loan £2m
  • 2.89% 10 Year Fixed, 80% LTV with £899 fee, Min Loan £5K, Max Loan £2m
  • 2 Year Tracker + 0.95%, 60% LTV with £1999 fee, Min Loan £2m, Max Loan £10m
  • 2 Year Tracker + 1.06%, 70% LTV with £1999 fee, Min Loan £2m, Max Loan £10m
  • 2 Year Offset Tracker + 1.54%, 65% LTV with £9999 fee, Min Loan £2m, Max Loan £10m

We are also reducing rates on a number of other products across our Residential and Reward ranges.