Returning to 85% LTV lending

From Wednesday 22 April, we're increasing the maximum lending for new business from 75% to 85% LTV.

We're also changing remortgage product fees up to 60% LTV. And we're reducing switcher rates at 60% LTV with a £999 fee by up to 0.10%.

Changing product fees for rates up to 60% LTV

The product fee for your clients remortgaging looking to apply for a 2 or 5 year fixed rate up to 60% LTV will now be dependent on the loan size.

  • If the loan amount is below £300,000 - £999 fee and £0 fee options available
  • If the loan amount is £300,000 or above - £1,499 fee and £0 fee options available

Further changes

We'll be increasing selected fixed rate products at 80% and 85% LTV by up to 0.25%, aligning rates across all buyer types. And reducing 60% LTV switcher rates by up to 0.10% to align with the new high fee products offered to new customers.

Full details of the changes below.

First time buyer & home purchase

2 Year Fixed rates

  • 75.01 - 80% LTV with £999 fee - increased by 0.15% from 1.59% to 1.74%
  • 75.01 - 80% LTV with £0 fee - increased by 0.10% from 2.04% to 2.14%
  • 80.01 - 85% LTV with £999 fee - increased by 0.05% from 1.69% to 1.74%
  • 80.01 - 85% LTV with £0 fee - increased by 0.10% from 2.04% to 2.14%

3 Year Fixed rates

  • 75.01 - 80% LTV with £999 fee - increased by 0.25% from 1.89% to 2.14%
  • 75.01 - 80% LTV with £0 fee - increased by 0.25% from 2.09% to 2.34%
  • 80.01 - 85% LTV with £999 fee - increased by 0.20% from 1.94% to 2.14%
  • 80.01 - 85% LTV with £0 fee - increased by 0.20% from 2.14% to 2.34%

5 Year Fixed rates

  • 75.01 - 80% LTV with £999 fee - increased by 0.25% from 1.89% to 2.14%
  • 75.01 - 80% LTV with £0 fee - increased by 0.25% from 2.09% to 2.34%
  • 80.01 - 85% LTV with £999 fee - increased by 0.20% from 1.94% to 2.14%
  • 80.01 - 85% LTV with £0 fee - increased by 0.20% from 2.14% to 2.34%

2 Year Tracker rates

  • 75.01 - 80% LTV with £999 fee - increased by 0.15% from 1.59% to 1.74%
  • 75.01 - 80% LTV with £0 fee - increased by 0.10% from 2.04% to 2.14%
  • 80.01 - 85% LTV with £999 fee - increased by 0.05% from 1.69% to 1.74%
  • 80.01 - 85% LTV with £0 fee - increased by 0.10% from 2.04% to 2.14%

Remortgage

2 Year Fixed rates (loan amount of £300,000 or more)

  • 0 - 60% LTV with £1,499 fee at 1.19%

5 Year Fixed rates (loan amount of £300,000 or more)

  • 0 - 60% LTV with £1,499 fee at 1.39%

Existing home mover

2 Year Fixed rates

  • 75.01 - 80% LTV with £999 fee - increased by 0.15% from 1.59% to 1.74%
  • 75.01 - 80% LTV with £0 fee - increased by 0.10% from 2.04% to 2.14%
  • 80.01 - 85% LTV with £999 fee - increased by 0.05% from 1.69% to 1.74%
  • 80.01 - 85% LTV with £0 fee - increased by 0.10% from 2.04% to 2.14%

3 Year Fixed rates

  • 75.01 - 80% LTV with £999 fee - increased by 0.25% from 1.89% to 2.14%
  • 75.01 - 80% LTV with £0 fee - increased by 0.25% from 2.09% to 2.34%
  • 80.01 - 85% LTV with £999 fee - increased by 0.20% from 1.94% to 2.14%
  • 80.01 - 85% LTV with £0 fee - increased by 0.20% from 2.14% to 2.34%

5 Year Fixed rates

  • 75.01 - 80% LTV with £999 fee - increased by 0.25% from 1.89% to 2.14%
  • 75.01 - 80% LTV with £0 fee - increased by 0.25% from 2.09% to 2.34%
  • 80.01 - 85% LTV with £999 fee - increased by 0.20% from 1.94% to 2.14%
  • 80.01 - 85% LTV with £0 fee - increased by 0.20% from 2.14% to 2.34%

2 Year Tracker rates

  • 75.01 - 80% LTV with £999 fee - increased by 0.15% from 1.59% to 1.74%
  • 75.01 - 80% LTV with £0 fee - increased by 0.10% from 2.04% to 2.14%
  • 80.01 - 85% LTV with £999 fee - increased by 0.05% from 1.69% to 1.74%
  • 80.01 - 85% LTV with £0 fee - increased by 0.10% from 2.04% to 2.14%

Rate switch

2 Year Fixed rates

  • 0 - 60% LTV with £999 fee - reduced by 0.10% from 1.29% to 1.19%
  • 75.01 - 80% LTV with £999 fee - increased by 0.15% from 1.59% to 1.74%
  • 75.01 - 80% LTV with £0 fee - increased by 0.10% from 2.04% to 2.14%
  • 80.01 - 85% LTV with £999 fee - increased by 0.05% from 1.69% to 1.74%
  • 80.01 - 85% LTV with £0 fee - increased by 0.10% from 2.04% to 2.14%

3 Year Fixed rates

  • 0 - 60% LTV with £999 fee - reduced by 0.05% from 1.44% to 1.39%
  • 75.01 - 80% LTV with £999 fee - increased by 0.25% from 1.89% to 2.14%
  • 75.01 - 80% LTV with £0 fee - increased by 0.25% from 2.09% to 2.34%
  • 80.01 - 85% LTV with £999 fee - increased by 0.20% from 1.94% to 2.14%
  • 80.01 - 85% LTV with £0 fee - increased by 0.20% from 2.14% to 2.34%

5 Year Fixed rates

  • 0 - 60% LTV with £999 fee - reduced by 0.05% from 1.44% to 1.39%
  • 75.01 - 80% LTV with £999 fee - increased by 0.25% from 1.89% to 2.14%
  • 75.01 - 80% LTV with £0 fee - increased by 0.25% from 2.09% to 2.34%
  • 80.01 - 85% LTV with £999 fee - increased by 0.20% from 1.94% to 2.14%
  • 80.01 - 85% LTV with £0 fee - increased by 0.20% from 2.14% to 2.34%

2 Year Tracker rates

  • 75.01 - 80% LTV with £999 fee - increased by 0.15% from 1.59% to 1.74%
  • 75.01 - 80% LTV with £0 fee - increased by 0.10% from 2.04% to 2.14%
  • 80.01 - 85% LTV with £999 fee - increased by 0.05% from 1.69% to 1.74%
  • 80.01 - 85% LTV with £0 fee - increased by 0.10% from 2.04% to 2.14%

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