We are pleased to announce that from Wednesday 11th July we will be making the following changes to our products in both BTL and Residential:

  • Launch a new 2 year fixed limited edition specialist BTL product,
  • updating the current limited edition specialist BTL 5 year fixed products
  • Withdrawing and replacing the Tier 2 Help to Buy  2 Year Tracker and    Fixed product.

A breakdown of the changes are listed below:

BTL

New 2 year fixed product will be launched into Specialist BTL (Limited Company UZW40, HMO UZW41 and Limited Company HMO UZW42)

  • These products will have a minimum loan size of £55,000.
  • Rate of 2.89% (20 bps cheaper than the generic product)
  • Fee of 1.50% (50 bps cheaper than the generic product)
  • This will be launched as a limited edition product
  • Note that this product is not available for Individual Personal Ownership

Specialist BTL, limited edition 5 year fixed products to remain in range but have their minimum loan size reduced to £55,000. (Product Codes  – UZW34, UZW35, UZW36, UZW37, UZW38, UZW39)

  • Minimum loan size reduced to £55,000 (from £175,000)
  • Rates to remains at 3.49% with 1.50% Fee and 3.59% with 1.00% Fee
  • Please note that the product codes or details are not changing with this update
  • Note the Personal Ownership product will remain in the range and unchanged with a minimum loan size of £175,000. (UZW32, UZW33)

Residential

  • Withdrawing (HBA49 and HBA50) and replacing the 2 Year Tracker and 2 Year Fixed Help to Buy products (HBA61 and HBA62)
  • 2 Year Tracker product now with rate of 3.69% (27 bps reduction on current product)
  • 2 Year Fixed rate now with rate of 3.84% (20 bps reduction on current product)
  • All other product details remain the same