At 8am on Wednesday 9th December, we’ll be making changes to our mortgage product range, detailed below:

End date extension

We’ll be changing the end dates on all our products from 31st January to 31st March.

Purchase products

We are changing the rates on a number of our higher-LTV purchase products, pushing them to more competitive positions. We will also be adding free initial valuations and £500 cashback to these, and replacing our 90% first-time buyer product with a whole-of-market variant.

Remortgages and Product Transfers

From Wednesday, new customers will be able to apply for a remortgage with us if their LTV is between 80% and 90%. Our existing customers will also have access to these products as well as a fuller range up to a maximum LTV of 95% for product transfers.

The lack of recent supply of 90% products has made it very difficult for lenders to stay in this market for long and maintain service levels. However, we hope with the presence of other lenders in this space it will be a more sustainable place for us to remain.

If we do find that our service levels are impacted by demand we will reserve the right to change or remove these products with short notice in order to protect the right outcomes for customers. We’ll aim to give as much notice as is practical and you can continue to view our service levels and timescales on the portal.

We will update our rate table and website with new product rates at 8am on Wednesday 9th December when the change goes live. You will be able to find the rates here. The information in this communication is embargoed until this time.