Important Product Changes

We are pleased to confirm some exciting product changes within our BTL range that take effect from Thursday 2nd September. Our new product range will be available for selection on our broker portal from this date.

A summary of the changes is noted below:

  • NEW 75% LTV limited edition, 5-year fixed payrate, £750k max loan size product being added to our Standard W1 range – priced at 3.19% with a 1.5% fee. Minimum loan size of £150k on this product and restricted to 3 loans per applicant. Not available for new builds.
  • NEW Limited Edition (Small HMO/MUFB) – 5-year fixed rate, £750k max loan size product being added to our Specialist W1 range – priced at 3.49% with a 2% fee.
  • Standard W1 product range re-priced with reductions of up to 20bps across the range as well as fee reductions of 50bps on most of our 5-year fixed Standard range – rates start from 3.04% with 1.5% fee.
  • Specialist W1 (HMO/MUB) product range re-priced with reductions of up to 15bps – rates start from 3.44% with a 1.5% fee.
  • Short Term Let product pricing reduced by 10bps to 4.09% on a 5-year fixed basis.
  • Ex-pat product reduced by 25bps to 3.84% on a 5-year fixed basis.

The following products are being withdrawn or replaced and will no longer be available for new submissions from close of business on Wednesday 1st September.

  • Current limited edition product range (3.14%, 5 year fixed)
  • Current Standard and Specialist range products
  • Current limited edition (Small HMO/MUFB – 3.59%, 5-year fixed).

Criteria Changes

  • Ex-pat range maximum LTV increased to 75% LTV (previously 70%)
  • Maximum LTV on Short Term Let/Holiday Let product increased to 75% LTV (previously 70%) and MUFB properties considered within this range.
  • New Builds considered to 70% (previously 65%)

New Product Guide

To view the updated product guide incorporating these changes click here.

Pipeline Cases

Products being withdrawn will be unavailable for selection from close of business on Wednesday 1st September.

Cases keyed on the portal prior to this will be honoured where required on the current product range, subject to a completed application form and the £150 app fee being received by Wednesday 8th September.