Great news – we’ve reduced rates on a number of products and we’ve introduced some new products too.
Rate Reductions
The following rates have reduced, live now:
| Product | Old Rate | New Rate |
|---|---|---|
| 2 Year fixed to 75% LTV (£1M+) | 1.84% | 1.64% |
| 2 Year fixed to 80% LTV (£1M+) | 1.99% | 1.69% |
| 5 Year fixed to 75% LTV (£1M+) | 2.49% | 2.29% |
| 5 Year fixed to 80% LTV (£1M+) | 2.59% | 2.39% |
New Products
Also live now, we have introduced some new Remortgage Special products, available for Capital & Interest applications:
| Product | Max Loan | Rate |
|---|---|---|
| 2 Year fixed to 75% LTV (Remortgage special) | £1m | 1.54% |
| 2 Year fixed to 80% LTV (Remortgage special) | £1m | 1.59% |
| 2 Year fixed to 85% LTV (Remortgage special) | £750k | 1.69% |
| 2 Year fixed to 90% LTV (Remortgage special) | £750k | 1.99% |
- Arrangement fee £1,249 (reduced to £624 for Product Transfers);
- Minimum loan size £80k;
- Only available for mortgages on a full Capital & Interest basis;
- Only available for remortgage or unencumbered properties;
- Remortgage applications benefit from free standard legal fees and one free valuation*.
Product Transfers
Remember, these changes also apply to any Product Transfer applications you would like to submit via our online form.
Existing customers benefit from a 50% reduction to arrangement fees and you can apply up to 6 months before your customer’s current deal ends. You can choose for your customer’s Product Transfer to take place up to 3 months before their current deal ends without incurring an Early Repayment Charge.
If you have any questions, please contact your Relationship Manager.
*Please note that the switching package is only available to applicants moving their mortgage from another lender. If the property to be mortgaged is unencumbered then a free standard valuation is available. Free valuations are available on properties worth £2m, or less. Optima Legal Services will charge a funds transfer fee of £42 to applicants who use the switching package.
