New 7 and 10 year fixed rate deals

25 May 2018

More and more customers are looking for longer term fixed products to benefit from low interest rates and the security of fixed monthly payments. With the potential of an increase in the Bank of England base rate in the near future, now could be a great time to look at longer term fixed rates for your clients.

We’re pleased to launch our new range of competitive 7 and 10 year fixed rate residential deals for all borrower types. Take a look at our product features to see how we can help you and your clients:

• 7 year fixed rates from 65% to 95% LTV with fee and fee saver options starting from 2.37% 
• 10 year fixed rates from 65% to 95% LTV with fee and fee saver options starting from 2.59% 
• £300 cashback for selected purchase deals and free valuation and free legals for remortgage customers
• Porting is available for customers looking to move home during the fixed rate period
• 10% overpayments annually and payment holidays allowed (subject to our prior approval)

For full details of all our new 7 and 10 year fixed rate mortgage deals, please view our Mortgage Update.

Product withdrawal confirmation

As communicated on Wednesday, today we have also amended the following products:

• 2 year fixed rates from 65% to 75% LTV now start from 1.65%
• 3 year fixed rates from 65% to 75% LTV now start from 1.78%
• Help to Buy Equity Loan 2 year fixed rates from 55% to 75% LTV with a £995 fee now start from 1.64%
• £1m+ 2 Year Fixed Rate at 60% LTV with a £1,495 is now available at 1.69%

Additional information

End dates are currently 1 September of the relevant year across all products.