Further to the positive changes we confirmed last week to our Residential range, please be advised we are now making competitive changes across our Buy to Let range including the Buy to Let Reward range.

These changes have been made and include introduced competitive new 2 and 5 year fee free 60% LTV fixed products.

Key change highlights

Buy to Let (Purchase and Remortgage)

  • New –  2.33% 2 Year Fixed, £0 product fee, 60% LTV, Min loan £35k, Max loan £1m
  • New – 2.41% 5 Year Fixed, £0 product fee, 60% LTV, Min loan £35k, Max loan £1m
  • Reduced – 1.59% 2 Year Fixed, £1795 product fee, 60% LTV, Min loan £35k, Max loan £1m to 1.52%

Please see below for full details of all products that are changing and the key timings.

Key timings

  • Existing products withdrawn, Last Case Booking and Last KFI: Tuesday 26th February, 2019
  • New products launching: Wednesday 27th February, 2019
  • Last application for rate switches (product transfers): Wednesday 27th February, 2019
  • Last applications on existing products: Thursday 7th March, 2019

If you are submitting an application, please be advised we are currently experiencing high demand for our products so please consider the below to ensure you receive the best possible level of service.

  • Please take the time to gather all supporting documents and information prior to submitting the application and then attach these altogether at submission using the ‘scan and attach’ functionality
  • Viewing our service levels on our intermediary website which are refreshed daily before contacting us for a case update
  • Use our perfect packaging requirements guide on the Intermediary website to ensure more efficent case processing.
  •   review key policy elements within our lending criteria section on the intermediary website
  • Log in to the Intermediary hub and visit the Tube Map tool to keep fully up to date with the progress of your client’s application without needing to contact us.

What existing products are we reducing?   

Buy to Let (Purchase/Remortgage)

  • 1.59% 2 Year Fixed, £1795 product fee, 60% LTV, Min loan £35,000, Max loan £1,000,000 will decrease to 1.52%
  • 2.59% Premier 2 Year Fixed, £0 product fee, 75% LTV, Min loan £35,000, Max loan £1,000,000 will decrease to 2.49%
  • 2.60% 2 Year Fixed, £0 product fee, 75% LTV, Min loan £35,000, Max loan £1,000,000 will decrease to 2.50%
  • 2.12% Premier 5 Year Fixed, £1795 product fee, 60% LTV, Min loan £35,000, Max loan £2,000,000 will decrease to 2.07%
  • 2.13% 5 Year Fixed, £1795 product fee, 60% LTV, Min loan £35,000, Max loan £500,000 will decrease to 2.08%
  • 2.47% 5 Year Fixed, £1795 product fee, 75% LTV, Min loan £35,000, Max loan £1,000,000 will decrease to 2.45%
  • 1.74% Portfolio Landlords 2 Year Fixed, £1795 product fee, 60% LTV, Min loan £35,000, Max loan £1,000,000 will decrease to 1.67%
  • 2.28% Portfolio Landlords 5 Year Fixed, £1795 product fee, 60% LTV, Min loan £35,000, Max loan £1,000,000 will decrease to 2.23%
  • 2.62% Portfolio Landlords 5 Year Fixed, £1795 product fee, 75% LTV, Min loan £35,000, Max loan £1,000,000 will decrease to 2.60%

Reward

  • 1.58%  2 Year Fixed, £1795 product fee, 65% LTV, will decrease to 1.51%
    2.59%  2 Year Fixed, £0 product fee, 75% LTV, will decrease to 2.49%
    2.12%  5 Year Fixed, £1795 product fee, 65% LTV, will decrease to 2.07%
    2.46%  5 Year Fixed, £1795 product fee, 75% LTV, will decrease to 2.44%

What existing products are we introducing?   

Buy to Let (Purchase/Remortgage)

  • 2.33% 2 Year Fixed, £0 product fee, 60% LTV, Min loan £35,000, Max loan £1,000,000
  • 2.41% 5 Year Fixed, £0 product fee, 60% LTV, Min loan £35,000, Max loan £1,000,000

What existing products are we increasing?   

Buy to Let (Reward)

  • 2.29%  2 Year Fixed, £0 product fee, 65% LTV, will increase to 2.32%
  • 2.36% 5 Year Fixed, £0 product fee, 75% LTV, will increase to 2.40%