Rate changes

From Friday 8 December, we're reducing selected rates across our New Business and Existing Customer Switchers product range.

We'll also be reducing the Early repayment charge (ERC) for our 2 year fixed rates. See table here.

Please see below for full details:

New Business

New Business Buy to Let - Fixed Rate Products -
Purchase and Remortgage
  • 2 Year Fixed rate, 65% LTV with 3% fee - reduced from 4.34% to 4.19%
  • 2 Year Fixed rate, 65% LTV with £1,495 fee - reduced from 5.44% to 5.39%
  • 2 Year Fixed rate, 65% LTV with £0 fee - reduced from 5.79% to 5.64%

  • 2 Year Fixed rate, 75% LTV with 3% fee - reduced from 4.49% to 4.34%
  • 2 Year Fixed rate, 75% LTV with £1,495 fee - reduced from 5.54% to 5.49%
  • 2 Year Fixed rate, 75% LTV with £0 fee - reduced from 5.84% to 5.69%

  • 5 Year Fixed rate, 55% LTV with 3% fee - reduced from 4.49% to 4.34%
  • 5 Year Fixed rate, 55% LTV with £1,495 fee - reduced from 4.84% to 4.69%
  • 5 Year Fixed rate, 55% LTV with £0 fee - reduced from 4.99% to 4.79%

  • 5 Year Fixed rate, 65% LTV with 3% fee - reduced from 4.54% to 4.39%
  • 5 Year Fixed rate, 65% LTV with £1,495 fee - reduced from 4.89% to 4.74%
  • 5 Year Fixed rate, 65% LTV with £0 fee - reduced from 5.09% to 4.89%

  • 5 Year Fixed rate, 75% LTV with 3% fee - reduced from 4.74% to 4.54%
  • 5 Year Fixed rate, 75% LTV with £1,495 fee - reduced from 5.09% to 4.89%
  • 5 Year Fixed rate, 75% LTV with £0 fee - reduced from 5.24% to 5.04%
New Business Buy to Let - Fixed Rate Products - Free Standard Valuations & Cash Back - 
Purchase and Remortgage
  • 2 Year Fixed rate, 65% LTV with 3% fee - reduced from 4.84% to 4.69%
  • 2 Year Fixed rate, 65% LTV with £1,495 fee - reduced from 5.64% to 5.59%
  • 2 Year Fixed rate, 65% LTV with £0 fee - reduced from 6.39% to 6.24%

  • 2 Year Fixed rate, 75% LTV with 3% fee - reduced from 4.99% to 4.84%
  • 2 Year Fixed rate, 75% LTV with £1,495 fee - reduced from 5.79% to 5.74%
  • 2 Year Fixed rate, 75% LTV with £0 fee - reduced from 6.44% to 6.29%

  • 5 Year Fixed rate, 65% LTV with 3% fee - reduced from 4.69% to 4.49%
  • 5 Year Fixed rate, 65% LTV with £1,495 fee - reduced from 5.04% to 4.89%
  • 5 Year Fixed rate, 65% LTV with £0 fee - reduced from 5.24% to 5.04%

  • 5 Year Fixed rate, 75% LTV with 3% fee - reduced from 4.89% to 4.69%
  • 5 Year Fixed rate, 75% LTV with £1,495 fee - reduced from 5.19% to 4.99%
  • 5 Year Fixed rate, 75% LTV with £0 fee - reduced from 5.44% to 5.24%
New Business Buy to Let - Fixed Rate Products - Free Standard Valuations and Free Standard Legals - 
Remortgage Only
  • 1 Year Fixed rate, 75% LTV with 2% fee - reduced from 4.84% to 4.69%

  • 2 Year Fixed rate, 65% LTV with 3% fee - reduced from 4.69% to 4.54%
  • 2 Year Fixed rate, 65% LTV with £1,495 fee - reduced from 5.59% to 5.54%
  • 2 Year Fixed rate, 65% LTV with £0 fee - reduced from 6.09% to 5.94%

  • 2 Year Fixed rate, 75% LTV with 3% fee - reduced from 4.74% to 4.59%
  • 2 Year Fixed rate, 75% LTV with £1,495 fee - reduced from 5.69% to 5.64%
  • 2 Year Fixed rate, 75% LTV with £0 fee - reduced from 6.14% to 5.99%

  • 5 Year Fixed rate, 55% LTV with 3% fee - reduced from 4.64% to 4.44%
  • 5 Year Fixed rate, 55% LTV with £1,495 fee - reduced from 4.89% to 4.74%
  • 5 Year Fixed rate, 55% LTV with £0 fee - reduced from 5.14% to 4.94%

  • 5 Year Fixed rate, 65% LTV with 3% fee - reduced from 4.69% to 4.49%
  • 5 Year Fixed rate, 65% LTV with £1,495 fee - reduced from 4.94% to 4.79%
  • 5 Year Fixed rate, 65% LTV with £0 fee - reduced from 5.19% to 4.99%

  • 5 Year Fixed rate, 75% LTV with 3% fee - reduced from 4.84% to 4.64%
  • 5 Year Fixed rate, 75% LTV with £1,495 fee - reduced from 5.14% to 4.94%
  • 5 Year Fixed rate, 75% LTV with £0 fee - reduced from 5.39% to 5.19%
New Business Buy to Let - Fixed Rate Products - Free Standard Valuations -
Further Advance Only
  • 2 Year Fixed rate, 65% LTV with 3% fee - reduced from 4.69% to 4.54%
  • 2 Year Fixed rate, 65% LTV with £0 fee - reduced from 6.09% to 5.94%

  • 2 Year Fixed rate, 75% LTV with 3% fee - reduced from 4.74% to 4.59%
  • 2 Year Fixed rate, 75% LTV with £0 fee - reduced from 6.14% to 5.99%

  • 5 Year Fixed rate, 65% LTV with 3% fee - reduced from 4.69% to 4.49%
  • 5 Year Fixed rate, 65% LTV with £0 fee - reduced from 5.19% to 4.99%

  • 5 Year Fixed rate, 75% LTV with 3% fee - reduced from 4.84% to 4.64%
  • 5 Year Fixed rate, 75% LTV with £0 fee - reduced from 5.39% to 5.19%
New Business Buy to Let - Fixed Rate Products - Free Standard Valuations -
Green Further Advance Only (available where 100% of funds will be used for Green improvements)
  • 5 Year Fixed rate, 75% LTV with £0 fee - reduced from 5.19% to 4.99%
New Business Let to Buy - Fixed Rate Products -
Purchase, Remortgage and Further Advance
  • 2 Year Fixed rate, 65% LTV with 3% fee - reduced from 4.84% to 4.69%
  • 2 Year Fixed rate, 65% LTV with £1,495 fee - reduced from 5.64% to 5.59%
  • 2 Year Fixed rate, 65% LTV with £0 fee - reduced from 6.39% to 6.24%

  • 2 Year Fixed rate, 75% LTV with 3% fee - reduced from 4.99% to 4.84%
  • 2 Year Fixed rate, 75% LTV with £1,495 fee - reduced from 5.79% to 5.74%
  • 2 Year Fixed rate, 75% LTV with £0 fee - reduced from 6.44% to 6.29%

  • 5 Year Fixed rate, 65% LTV with 3% fee - reduced from 4.69% to 4.49%
  • 5 Year Fixed rate, 65% LTV with £1,495 fee - reduced from 5.04% to 4.89%
  • 5 Year Fixed rate, 65% LTV with £0 fee - reduced from 5.24% to 5.04%

  • 5 Year Fixed rate, 75% LTV with 3% fee - reduced from 4.89% to 4.69%
  • 5 Year Fixed rate, 75% LTV with £1,495 fee - reduced from 5.19% to 4.99%
  • 5 Year Fixed rate, 75% LTV with £0 fee - reduced from 5.44% to 5.24%
Large Portfolio Buy to Let - Fixed Rate Products - Free Standard Valuations and Free Standard Legals -
Remortgage Only
  • 2 Year Fixed rate, 75% LTV with 3% fee - reduced from 4.74% to 4.59%
  • 2 Year Fixed rate, 75% LTV with £1,495 fee - reduced from 5.69% to 5.64%
  • 2 Year Fixed rate, 75% LTV with £0 fee - reduced from 6.14% to 5.99%

  • 5 Year Fixed rate, 75% LTV with 3% fee - reduced from 4.84% to 4.64%
  • 5 Year Fixed rate, 75% LTV with £1,495 fee - reduced from 5.14% to 4.94%
  • 5 Year Fixed rate, 75% LTV with £0 fee - reduced from 5.39% to 5.19%
Large Portfolio Buy to Let - Fixed Rate Products - Free Standard Valuations & Cash Back  -
Remortgage Only
  • 2 Year Fixed rate, 75% LTV with 3% fee - reduced from 4.99% to 4.84%
  • 2 Year Fixed rate, 75% LTV with £1,495 fee - reduced from 5.79% to 5.74%
  • 2 Year Fixed rate, 75% LTV with £0 fee - reduced from 6.44% to 6.29%

  • 5 Year Fixed rate, 75% LTV with 3% fee - reduced from 4.89% to 4.69%
  • 5 Year Fixed rate, 75% LTV with £1,495 fee - reduced from 5.19% to 4.99%
  • 5 Year Fixed rate, 75% LTV with £0 fee - reduced from 5.44% to 5.24%
Large Portfolio Buy to Let - Fixed Rate Products - Free Standard Valuations -
Further Advances Only
  • 2 Year Fixed rate, 75% LTV with £0 fee - reduced from 6.14% to 5.99%

  • 5 Year Fixed rate, 75% LTV with £0 fee - reduced from 5.39% to 5.19%
Large Portfolio Buy to Let - Fixed Rate Products - Free Standard Valuations -
Further Advances Only (available where 100% of funds will be used)
  • 5 Year Fixed rate, 75% LTV with £0 fee - reduced from 5.19% to 4.99%
Large Portfolio Let to Buy - Fixed Rate Products - Free Standard Valuations & Cashback -
Remortgage Only
  • 2 Year Fixed rate, 75% LTV with 3% fee - reduced from 5.19% to 4.84%

  • 5 Year Fixed rate, 75% LTV with 3% fee - reduced from 5.09% to 4.69%
Limited Company Buy to Let - Fixed Rate Products - Free Standard Valuations & Cashback -
Green Further Advance Only (available where 100% of funds will be used for Green improvements)
  • 5 Year Fixed rate, 75% LTV with £0 fee - reduced from 5.99% to 5.79%
Download our latest new business product guide

Existing Customer Switchers

Existing Customers Buy to Let - Fixed Rate Switcher Products
  • 2 Year Fixed rate, 55% LTV with 3% fee - reduced from 4.34% to 4.19%
  • 2 Year Fixed rate, 55% LTV with £1,495 fee - reduced from 5.44% to 5.34%
  • 2 Year Fixed rate, 55% LTV with £0 fee - reduced from 5.94% to 5.79%

  • 2 Year Fixed rate, 65% LTV with 3% fee - reduced from 4.69% to 4.54%
  • 2 Year Fixed rate, 65% LTV with £1,495 fee - reduced from 5.49% to 5.39%
  • 2 Year Fixed rate, 65% LTV with £0 fee - reduced from 5.99% to 5.89%

  • 2 Year Fixed rate, 75% LTV with 3% fee - reduced from 4.74% to 4.59%
  • 2 Year Fixed rate, 75% LTV with £1,495 fee - reduced from 5.64% to 5.54%
  • 2 Year Fixed rate, 75% LTV with £0 fee - reduced from 6.14% to 5.99%

  • 3 Year Fixed rate, 65% LTV with 3% fee - reduced from 4.84% to 4.54%
  • 3 Year Fixed rate, 65% LTV with £1,495 fee - reduced from 5.59% to 5.29%
  • 3 Year Fixed rate, 65% LTV with £0 fee - reduced from 5.94% to 5.64%

  • 3 Year Fixed rate, 75% LTV with 3% fee - reduced from 4.99% to 4.64%
  • 3 Year Fixed rate, 75% LTV with £1,495 fee - reduced from 5.74% to 5.44%
  • 3 Year Fixed rate, 75% LTV with £0 fee - reduced from 6.09% to 5.79%

  • 5 Year Fixed rate, 55% LTV with 3% fee - reduced from 4.64% to 4.44%
  • 5 Year Fixed rate, 55% LTV with £1,495 fee - reduced from 4.89% to 4.74%
  • 5 Year Fixed rate, 55% LTV with £0 fee - reduced from 5.14% to 4.94%

  • 5 Year Fixed rate, 65% LTV with 3% fee - reduced from 4.69% to 4.49%
  • 5 Year Fixed rate, 65% LTV with £1,495 fee - reduced from 4.94% to 4.79%
  • 5 Year Fixed rate, 65% LTV with £0 fee - reduced from 5.19% to 4.99%

  • 5 Year Fixed rate, 75% LTV with 3% fee - reduced from 4.84% to 4.64%
  • 5 Year Fixed rate, 75% LTV with £1,495 fee - reduced from 5.14% to 4.94%
  • 5 Year Fixed rate, 75% LTV with £0 fee - reduced from 5.39% to 5.19%
Existing Customers Houses of Multiple Occupation (HMO) - Fixed Rate Switcher Products
  • 2 Year Fixed rate, 75% LTV with 3% fee - reduced from 5.49% to 5.19%
  • 2 Year Fixed rate, 75% LTV with £1,495 fee - reduced from 6.79% to 6.49%
  • 2 Year Fixed rate, 75% LTV with £0 fee - reduced from 6.99% to 6.79%

  • 5 Year Fixed rate, 75% LTV with 3% fee - reduced from 5.79% to 5.54%
  • 5 Year Fixed rate, 75% LTV with £1,495 fee - reduced from 6.14% to 5.99%
  • 5 Year Fixed rate, 75% LTV with £0 fee - reduced from 6.39% to 6.29%
Existing Customers Large Portfolio  - Fixed Rate Switcher Products
  • 2 Year Fixed rate, 75% LTV with 3% fee - reduced from 4.74% to 4.59%
  • 2 Year Fixed rate, 75% LTV with £1,495 fee - reduced from 5.69% to 5.54%
  • 2 Year Fixed rate, 75% LTV with £0 fee - reduced from 6.14% to 5.99%

  • 5 Year Fixed rate, 75% LTV with 3% fee - reduced from 4.84% to 4.64%
  • 5 Year Fixed rate, 75% LTV with £1,495 fee - reduced from 5.14% to 4.94%
  • 5 Year Fixed rate, 75% LTV with £0 fee - reduced from 5.39% to 5.19%
Existing Customers Large Portfolio HMO - Fixed Rate Switcher Products
  • 2 Year Fixed rate, 75% LTV with 3% fee - reduced from 5.49% to 5.19%
  • 2 Year Fixed rate, 75% LTV with £1,495 fee - reduced from 6.79% to 6.49%
  • 2 Year Fixed rate, 75% LTV with £0 fee - reduced from 6.99% to 6.79%

  • 5 Year Fixed rate, 75% LTV with 3% fee - reduced from 5.79% to 5.54%
  • 5 Year Fixed rate, 75% LTV with £1,495 fee - reduced from 6.14% to 5.99%
  • 5 Year Fixed rate, 75% LTV with £0 fee - reduced from 6.39% to 6.29%
Existing Customers Limited Company - Fixed Rate Switcher Products
  • 2 Year Fixed rate, 75% LTV with 3% fee - reduced from 5.64% to 5.39%
  • 2 Year Fixed rate, 75% LTV with £1,495 fee - reduced from 6.79% to 6.54%

  • 5 Year Fixed rate, 70% LTV with 5% fee - reduced from 5.09% to 4.99%

  • 5 Year Fixed rate, 75% LTV with 3% fee - reduced from 5.64% to 5.59%
  • 5 Year Fixed rate, 75% LTV with £0 fee - reduced from 6.19% to 6.09%
Existing Customers Limited Company HMO - Fixed Rate Switcher Products
  • 2 Year Fixed rate, 75% LTV with 3% fee - reduced from 5.64% to 5.34%
  • 2 Year Fixed rate, 75% LTV with £1,495 fee - reduced from 6.79% to 6.49%
  • 2 Year Fixed rate, 75% LTV with £0 fee - reduced from 6.99% to 6.79%

  • 5 Year Fixed rate, 75% LTV with 3% fee - reduced from 5.79% to 5.54%
  • 5 Year Fixed rate, 75% LTV with £1,495 fee - reduced from 6.14% to 5.99%
  • 5 Year Fixed rate, 75% LTV with £0 fee - reduced from 6.39% to 6.29%
Download our switcher product guide

ERC change

We'll also be reducing 2 year fixed ERC. See the table below.



ERCs Until
Product type
Lifetime
Variable		 1 Year
Fixed		 2 Year
Tracker		 2 Year
Fixed		 3 Year
Fixed		 5 Year
Fixed		 10 Year
Fixed
 31/07/24
0.75%
  1.50%
0.75%
2.5%
 4% 
5%
7%
 31/01/25
  1.50%
0.75%
2.5%
 4%
5%
7%
 31/01/26
    
0.50%
1.5%
 3% 
5%
7%
 31/01/27
         2%
4%
7%
 31/01/28
          
3%
7%
 31/01/29
          
2%
6%
 31/01/30
            
5%
 31/01/31
            
4%
 31/01/32
            
3.50%
 31/01/33
            
2.50%
 31/01/34
            
1.50%