We’ve reduced BTL rates

10 March 2023

We wanted to let you know that we made changes to the following products on Friday 10 March.

Remortgage Exclusives

• BTL 50% LTV 2 Year Fixed Rate with £3,995 fee reduced by 0.45% to 4.18%.
• BTL 60% LTV 2 Year Fixed Rate with £3,995 fee reduced by 0.45% to 4.28%.
• BTL 50% LTV 5 Year Fixed Rate with £3,995 fee reduced by 0.34% to 4.20%.
• BTL 60% LTV 5 Year Fixed Rate with £3,995 fee reduced by 0.34% to 4.25%.
• BTL Portfolio 2 and 5 year fixed rates with £3,995 fee reduced by up to 0.45%.
• NEW Residential 75% LTV 7 Year Fixed Rate fee-saver at 4.34%.

Residential Purchase Exclusives

• Selected 2 and 5 year fixed rates will be reduced by up to 0.10%.

Core

• NEW Residential 3 year fixed rates up to 90% LTV launched starting from 4.46%.
• Selected residential and BTL 2 and 5 year fixed rates will be reduced by up to 0.33%.

Richard Walker, Head of Intermediary Sales

We know landlords looking for a new deal have seen market challenges over the last 6 months as rates have increased. To assist BTL customers we have made some reductions to our range with rates starting from 4.18% with a £3,995 fee.

We’ve also made the following changes:

Residential Remortgage Exclusives

• Selected 2 and 5 year fixed rates increased by up to 0.15%.

Residential Purchase Exclusives

• Selected 2 and 5 year fixed rates increased by up to 0.05%.

Core Residential

• 75% LTV 10 Year Fixed Rate with £995 fee increased by 0.20%.
• Selected 2 year fixed rates increased by up to 0.04%.

You can find our current rates in our Mortgage Update.