Selected rate changes

From Wednesday 6 May, we're reducing selected fixed rates at 75-85% LTV for remortgage customers by up to 0.35%, whilst selected tracker rates will be increased by up to 0.15% across most buyer types.

In addition to our remortgage 2 and 5 year fixed high fee products, a 2 year tracker product will be added at 60% LTV (loans above £300k), introduced at 1.29% with a £1,499 fee. 

Product fees for remortgage rates up to 60% LTV

The product fee for remortgage customers applying for a 2 year tracker rate, and our 2 or 5 year fixed rates below 60% LTV will now be dependent on the loan size.

  • If the loan amount is below £300,000 - £999 fee and no fee options available
  • If the loan amount is £300,000 or above - £1,499 fee and no fee options available. 

Full details of the changes below.

First time buyer & home purchase

2 Year tracker rates

  • 60.01 - 75% LTV with no fee - increased by 0.10% to 1.99%
  • 75.01 - 80% LTV - increased by 0.10% to 1.84% with a £999 fee and 2.24% with no fee
  • 80.01 - 85% LTV - increased by 0.10% to 1.84% with a £999 fee and 2.24% with no fee

Remortgage and Existing home mover

2 Year Fixed rates

  • 60.01 - 75% LTV with no fee - reduced by 0.05% to 1.84%
  • 75.01 - 80% LTV - reduced by up to 0.20% to 1.54% with a £999 fee and 1.99% with no fee
  • 80.01 - 85% LTV - reduced by up to 0.15% to 1.64% with a £999 fee and 1.99% with no fee

3 and 5 Year Fixed rates

  • 60.01 - 75% LTV - reduced by 0.05% to 1.59% with a £999 fee and 1.84% with no fee
  • 75.01 - 80% LTV - reduced by up to 0.35% to 1.79% with a £999 fee and 2.04% with no fee
  • 80.01 - 85% LTV - reduced by up to 0.30% to 1.94% with a £999 fee and 2.04% with no fee

2 Year Tracker rates

  • 0 - 60% LTV with £999 fee - increased by 0.10% to 1.39%
  • 60.01 - 75% LTV - increased by 0.10% to 1.44% with a £999 fee and 1.99% with no fee
  • 75.01 - 80% LTV - increased by 0.10% to 1.84% with a £999 fee and 2.24% with no fee
  • 80.01 - 85% LTV - increased by 0.10% to 1.84% with a £999 fee and 2.24% with no fee

NEW REMORTGAGE ONLY 2 year tracker (loans above £300,000)

  • 0 - 60% LTV with a £1,499 fee introduced at 1.29%

Rate switch

2 Year Fixed rates

  • 60.01 - 75% LTV with no fee - reduced by 0.05% to 1.84%
  • 75.01 - 80% LTV - reduced by up to 0.20% to 1.54% with a £999 fee and 1.99% with no fee
  • 80.01 - 85% LTV - reduced by up to 0.15% to 1.64% with a £999 fee and 1.99% with no fee

3 and 5 year fixed rate

  • 60.01 - 75% LTV - reduced by 0.05% to 1.59% with a £999 fee and 1.84% with no fee
  • 75.01 - 80% LTV - reduced by up to 0.35% to 1.79% with a £999 fee and 2.04% with no fee
  • 80.01 - 85% LTV - reduced by up to 0.30% to 1.94% with a £999 fee and 2.04% with no fee

2 year tracker rate

  • 60.01 - 75% LTV - increased by 0.10% to 1.44% with a £999 fee and 1.99% with no fee
  • 75.01 - 80% LTV - increased by 0.10% to 1.84% with a £999 fee and 2.24% with no fee
  • 80.01 - 85% LTV - increased by 0.10% to 1.84% with a £999 fee and 2.24% with no fee
  • 85.01 - 90% LTV - increased by 0.15% to 1.99% with a £999 fee and 2.39% with no fee

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