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Reductions to selected residential and BTL rates

17 March 2017

On Friday 17 March, we made improvements to selected fixed rate and tracker rate deals.

Summary of changes

Selected residential 2, 3 and 5 year fixed rates have been reduced, including:

  • 5 Year Fixed Rate available up to 65% LTV with a £995 fee has been reduced to 1.87% (with £300 cashback for purchase customers).
  • 2 Year Fixed Rate available up to 65% LTV with a £995 fee has been reduced to 1.38% (with £300 cashback for purchase customers).

Selected Help to Buy Equity Loan fixed rates have been reduced, including:

  • 2 Year Fixed Rate available up to 75% LTV with a £995 fee has been reduced to 1.53% (with £500 cashback).

Selected 2 year tracker rates have been reduced, including:

  • 2 Year Tracker Rate available up to 70% LTV with a £995 fee has been reduced to 1.40%.

Selected BTL 2, 3 and 5 year fixed rates have been reduced, including:

  • 2 Year Fixed Rate available up to 60% LTV with a £1,995 fee has been reduced to 1.54% (with £500 cashback).
  • 5 Year Fixed Rate available up to 60% LTV with a £1,995 fee has been reduced to 2.44% (with £500 cashback).

The following changes have also been made:

  • First Time Buyer 2 Year Fixed Rate at 2.84% up to 90% LTV with no fee and £1,000 cashback has been withdrawn.
  • 2 Year Fixed Rate available up to 95% LTV has been increased to 3.84% with no fee and £300 cashback.

Additional Information:

End dates remain at 1 July of the relevant year across all products.

For full details of the updated range, please view the latest Mortgage Update.

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