On 1 February we implemented a number of changes to our mortgage range, with SVR on the up and many product rates coming down. Here’s the summary of what has happened.
SVR increase.
Following the Base Rate change in December we have now increased our SVR by 0.15%.
Rate reductions.
We have reduced rates across multiple products and several lending areas.
Residential 80% LTV:
- 2 year discount C&I reduced 10bps to 2.15%
- 2 year fixed C&I reduced 10bps to 2.35%
- 5 year fixed C&I reduced 10bps to 2.75%
- 2 year discount IO reduced 10bps to 2.60%
- 2 year fixed IO reduced 14bps to 2.85%
- 5 year fixed IO reduced 10bps to 3.15%
Residential 90% LTV:
- 2 year discount C&I reduced 30bps to 2.35%
- 2 year fixed C&I reduced 15bps to 2.65%
- 3 year fixed C&I reduced 15bps to 2.75%
- 5 year fixed C&I reduced 19bps to 2.90%
Expat residential:
- 2 year discount C&I reduced 10bps to 2.70%
- 2 year fixed C&I reduced 6bps to 2.99%
- 2 year discount IO reduced 10bps to 2.85%
- 2 year fixed IO reduced 5bps to 3.15%
Shared ownership:
- 90% share 2 year fixed reduced 10bps to 3.15%
- 95% share 2 year fixed reduced 9bps to 3.65%
- 95% share 5 year fixed reduced 10bps to 3.89%
Holiday let:
- 2 year discount reduced 10bps to 3.29%
- 2 year fixed reduced 14bps to 3.65%
Fixed rate end dates.
Our fixed rate deals now have extended end dates, refer to our product finder for information on individual products.
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