From today, 21 February 2023, we have replaced the majority of our fixed rate mortgage products. We are also announcing increases to our Managed Mortgage Rates which will take effect in March.

All Owner Occupier fixed rates have been reduced:

• Core range repayment products - five year fixed rates starting at 5.19%, new two year fixed rates starting at 5.54%
• JMSO repayment products – five year fixed rates starting at 5.29%, new two year fixed rates starting at 5.64%
• Core range Interest Only five year fixed rate now up to 80% maximum (previously 60% maximum)

We have also reduced all Fixed Rates across our Buy to Let range. Some alterations have been made to our Limited Company SPV and Expat product fees:

• UK Landlords – five year fixed rates starting at 6.04%
• Limited Company SPVs – five year fixed rates starting at 6.04%, with a 2.00% product fee (subject to a minimum of £1,499)
• Expats – five year fixed rates (now up to 70% LTV) starting at 6.49%, with a 1.50% product fee (subject to a minimum of £1,000)

Our Managed Mortgage Rates are increasing:

From 11 March 2023 our Managed Mortgage Rates will be increasing by 0.75%. This means all our on-sale discounted variable rate products will be increasing by 0.75% on the same date.

Our on-sale discounted variable rate product details, and all representative examples displayed on our website, have been updated today to reflect the increasing Managed Mortgage Rates ahead of the change.

All our Affordability and Buy to Let stress calculations will be updated to reflect the new higher rates from 1st March 2023.

See full details of our new product range here. 

The deadline for receipt of applications for all withdrawn mortgage products is:

• Today - 5pm 21 February through our Mortgage Hub or by paper.

We have a  team of BDMs ready, willing, and able to answer any of your queries and guide you through the application process. If you don’t have a BDM in your area, you can contact our  dedicated Mortgage Desk.