Following on from the rate reductions we made last week, we are pleased to confirm we are making some more positive changes to our Residential fixed rates with new products launching tomorrow, Friday 7th December.

The changes impact products across our Purchase, Remortgage and Existing Customer Reward ranges and include some competitive reductions to our longer term fixed rate offerings.

Key product changes                                                                            

Residential
Purchase and Remortgage           

  • 1.89% 2 Yr Fixed, £1999 product fee, 85% LTV, Min loan £400,000, Max loan £2,000,000 will decrease to 1.74%
  • 1.99% 5 Yr Fixed, £999 product fee, 75% LTV, Min loan £5,000, Max loan £1,000,000 will decrease to 1.97%
  • 2.64% 10 Yr Fixed, £999 product fee, 60% LTV, Min loan £5,000, Max loan £1,000,000 will decrease to 2.55%

Residential
Purchase        

  • 3.75% 2 Yr Fixed, £0 product fee, 95% LTV, Min loan £50,000, Max loan £400,000, (£1000 cashback) will decrease to 3.55%

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

Key timings

  • Existing products withdrawn/Last case booking and last KFI: Thursday 6th December, 2018
  • New products launching: Friday 7th December, 2018
  • Last application for rate switches (product transfers) Friday 7th December, 2018
  • Last applications on existing products: Saturday 15th December 2018

What existing products are we reducing?

Residential
Purchase/Remortgage

  • 1.74% 2 Yr Fixed, £999 product fee, 80% LTV, Min loan £5,000, Max loan £1,000,000 will decrease to 1.65%
  • 1.89% 2 Yr Fixed, £999 product fee, 85% LTV, Min loan £5,000, Max loan £400,000 will decrease to 1.74%
  • 1.89% 2 Yr Fixed, £1999 product fee, 85% LTV, Min loan £400,000, Max loan £2,000,000 will decrease to 1.74%
  • 1.84% Premier 3 Yr Fixed, £999 product fee, 60% LTV, Min loan £5,000, Max loan £2,000,000 will decrease to 1.73%
  • 1.85% 3 Yr Fixed, £999 product fee, 60% LTV, Min loan £5,000, Max loan £1,000,000 will decrease to 1.74%
  • 1.89% 3 Yr Fixed, £999 product fee, 75% LTV, Min loan £5,000, Max loan £1,000,000 will decrease to 1.79%
  • 2.19% 3 Yr Fixed, £0 product fee, 75% LTV, Min loan £5,000, Max loan £500,000 will decrease to 2.05%
  • 2.24% 3 Yr Fixed, £999 product fee, 90% LTV, Min loan £5,000, Max loan £400,000 will decrease to 2.17%
  • 2.49% 3 Yr Fixed, £0 product fee, 90% LTV, Min loan £5,000, Max loan £400,000 will decrease to 2.44%
  • 1.99% 5 Yr Fixed, £999 product fee, 75% LTV, Min loan £5,000, Max loan £1,000,000 will decrease to 1.97%
  • 2.64% 10 Yr Fixed, £999 product fee, 60% LTV, Min loan £5,000, Max loan £1,000,000 will decrease to 2.55%
  • 2.79% 10 Yr Fixed, £0 product fee, 60% LTV, Min loan £5,000, Max loan £1,000,000 will decrease to 2.64%
  • 2.94% 10 Yr Fixed, £999 product fee, 80% LTV, Min loan £5,000, Max loan £1,000,000 will decrease to 2.78%

Purchase

  • 3.75% 2 Yr Fixed, £0 product fee, 95% LTV, Min loan £50,000, Max loan £400,000, (£1000 cashback) will decrease to 3.55%
  • 1.88% Homemover Reward 3 Year Fixed, £499 product fee, 75% LTV, Min loan £5,000, Max loan £1,000,000 will decrease to 1.78%

Existing Mortgage Customer (EMC) Reward range

  • 1.73% 2 Year Fixed, £999 product fee, 80% LTV, will decrease to 1.64%
  • 1.88% 2 Year Fixed, £999 product fee, 85% LTV, will decrease to 1.73%
  • 1.83% 3 Year Fixed, £999 product fee, 60% LTV, will decrease to 1.72%
  • 1.88% 3 Year Fixed, £999 product fee, 85% LTV, will decrease to 1.78%
  • 2.18% 3 Year Fixed, £0 product fee, 85% LTV, will decrease to 2.04%
  • 1.98% Reward 5 Year Fixed, £999 product fee, 80% LTV, will decrease to 1.96%
  • 2.78% Reward 10 Year Fixed, £0 product fee, 75% LTV, will decrease to 2.63%