Exciting news. We have reduced a number of rates across our range and also introduced 2 new products.
Rate Reductions
The following rates have been reduced and are live now:
| Product | Old rate | New rate |
|---|---|---|
| 2 Year Fixed to 90% LTV | 2.04% | 1.89% |
| 2 Year Fixed to 90% LTV – Over £500k | 2.39% | 2.29% |
| 2 Year Fixed to 90% LTV – Professional | 2.29% | 2.09% |
| 5 Year Fixed to 90% LTV – Professional | 2.79% | 2.59% |
| 2 Year Fixed to 90% LTV – Newly Qualified Professional | 2.49% | 2.29% |
| 5 Year Fixed to 90% LTV – Newly Qualified Professional | 2.99% | 2.79% |
| BTL 3 Year Fixed to 60% LTV | 2.59% | 2.39% |
| BTL 5 Year Fixed to 75% LTV – Fee Offer | 2.99% | 2.89% |
| BTL 2 Year Fixed to 60% LTV – £1m+ Lon & SE* | 2.49% | 2.29% |
| BTL 2 Year Fixed to 75% LTV – £1m+ Lon & SE* | 2.69% | 2.49% |
| BTL 3 Year Fixed to 75% LTV – £1m+ Lon & SE* | 2.99% | 2.79% |
| BTL 5 Year Fixed to 75% LTV – £1m+ Lon & SE* | 3.09% | 2.89% |
* Exclusively available for properties in London & South East, defined as : Greater London (post codes starting E, EC, N, NW, SE, SW, W, WC, BR, CR, DA, EN, HA, IG, KT, RM, SM, TW, or UB), Berkshire, Buckinghamshire, East Sussex, Hampshire, Isle of Wight, Kent, Oxfordshire, Surrey, West Sussex.
New products
Also live now, we have introduced 2 new products to the BTL range:
| Product | Rate | Arrangement fee |
|---|---|---|
| BTL 5 Year Fixed to 60% LTV | 2.59% | £1,999 |
| BTL 5 Year Fixed to 60% LTV – Fee Offer | 2.79% | £0 |
- Minimum loan size £80k.
- Maximum loan size £1m for standard product and £500k for the fee offer product.
- Remortgage applications benefit from free standard legal fees and one free valuation*.
*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.
Product Transfers
Where applicable, 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.
