On Friday 1 December 2023, we'll be making rate reductions to selected fixed rates across our product ranges.
Remember, you can secure one of these lower rates on cases that you’ve already submitted. For new business cases, you just need to use the ‘Amend case’ option in NFI Online. For switcher cases, please see the instructions on our Rate Switch page.Full details of the rate changes below.
New business
Existing business
ERC changes
We'll also be reducing 2 and 3 years ERCs by up to 1%. See the table below.
| Deal Term | Percentage Payable (Year) | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | |
| 2 year fixed | 2.00% | 1.50% | ||||||||
| 3 year fixed | 3.50% | 2.50% | 1.50% | |||||||
| 5 year fixed | 5.00% | 5.00% | 4.00% | 3.00% | 2.00% | |||||
| 10 year fixed | 7.00% | 7.00% | 7.00% | 7.00% | 6.00% | 5.00% | 4.00% | 3.50% | 2.50% | 1.50% |