Now available - enhancements and price reductions across residential fixed rate products

7th November 2014

Today Friday November 7th, we have introduced a new < 70% LTV on residential fixed products. We have withdrawn the 2 and 5 year < 60% LTV residential fixed products. In addition we have made some further rate reductions across our residential fixed products. All changes are as follows:

Residential – introduction of < 70% LTV

• 2 Year fixed rate < 70% with an initial rate of 2.39%
• 5 Year fixed rate < 70% with an initial rate of 3.39%
• Interest only - 2 Year fixed rate < 70% with an initial rate of 2.59%
• Interest only - 5 Year fixed rate < 70% with an initial rate of 3.59%

Residential – withdrawal of the following products

• 2 Year fixed rate < 60%
• 5 Year fixed rate < 60%
• Interest only - 2 Year fixed rate < 60%
• Interest only - 5 Year fixed rate < 60%

Residential – pricing reductions

• 2 Year fixed rate < 80% with an initial rate of 2.79%
• 5 Year fixed rate < 75% with an initial rate of 3.59%
• 5 Year fixed rate < 80% with an initial rate of 3.69%
• 5 Year fixed rate < 90% with an initial rate of 4.39%
• 5 Year fixed rate < 90% ( > £500k) with an initial rate of 4.89%
• Interest only - 5 Year fixed rate < 75% with an initial rate of 3.79%

New product information is now available.

To assist you with pipeline cases you may have, we will accept applications on the withdrawn rates until 5.00pm, today Friday November 7th. Cases received after this time/date will not be accepted. You may use the Banks upload facility to submit cases to us.

For more information please visit our criteria section of our website or your relationship partner.