Your round-up of mortgage rate changes and product updates over the past week
If you’re trying to keep up with the constant stream of lender changes, you’re in the right place. This is your broker-friendly snapshot of what’s moved over the past week—what’s gone up, what’s come down, and which moves were limited to certain products, terms, or LTVs.
Mortgage Introducer keeps a close eye on reprices, new product launches and withdrawals, plus any lending criteria changes that are genuinely worth having on your radar—so you can scan the headlines fast and get back to advising clients.
Updates are listed alphabetically to make it easy to jump straight to the lenders you care about.
Here’s your weekly round-up of UK mortgage rate and product changes from the past seven days:
Accord increased the maximum buy-to-let loan size to £1.5 million from £1 million for experienced landlords borrowing up to 75% loan-to-value, while raising the cap for 75.01%-80% LTV loans to £750,000 from £500,000; first-time landlords can borrow up to £1 million at up to 75% LTV.
Aldermore implemented a 0.20% cut on its buy-to-let two- and five-year fixed rates for individuals and companies with single residential investment properties, with pricing now starting at 3.99%, and for multi-property portfolios, where rates now began at 3.94%. It also added further deals to its BTL range.
Specialist lender Aspen expanded its Bridge To Let offering by launching a five-year semi-commercial product at 75% loan-to-value (LTV), with bridging rates fixed from 0.79% per month for up to 24 months followed by 6.94% per year for a one-, two- or three-year serviced period, on loans up to £15 million net.
Barclays slashed rates across more than 20 residential mortgage products, trimming some deals by up to 36 basis points (bps).
CHL Mortgages announced it was cutting rates by up to 25bps across its short-term let products and up to 10bps on its limited edition buy-to-let range, with limited edition rates now starting from 2.85% for single dwellings, 2.95% for HMOs/MUFBs and 3.46% for short-term lets, all available up to 80% LTV.
Darlington Building Society cut rates across its buy-to-let, residential and specialist mortgage ranges, reducing selected products by up to 50bps, including a five-year fixed standard buy-to-let at 80% LTV to 5.49% from 5.99%.
Fleet Mortgages implemented a 20-basis-point rate cut on its 3% fee, 75% LTV five-year fixes to 5.04% for Standard and Limited Company borrowers and 5.49% for HMO/MUFB, reintroduced zero-fee and £3,999-fee five-year options, and launched two-year PT trackers at Bank base rate plus 0.5% or 1.15% with a 2.5% completion fee.
Foundation launched new Large HMO and Short-Term Let two- and five-year fixes priced between 5.19% and 5.99% with 3%-4% fees, and had cut Standard HMO, MUFB and F1 buy-to-let fixed rates by up to 25bps to as low as 4.89%.
Gatehouse Bank cut rental rates by 0.29 percentage points on its two-year fixed term buy-to-let products for UK expats and international residents in the UK market, with green home finance borrowers gaining an extra 0.10-point discount and new starting rates of 4.91% and 4.92% respectively.
Short-term bridging finance specialist Glenhawk launched a “Spring Promotion” offering free valuation and legal fees across its regulated and unregulated bridging loan products, reimbursing borrowers up to £3,500 in costs on completion.
Halifax cut interest rates by up to 0.15 percentage points on selected fixed-rate products.
Hope Capital Property Finance revamped its Flip+ short-term loan, rolling acquisition bridging and refurbishment into one facility with borrower servicing from purchase through works and priority access to the same underwriter, offering up to 12 months’ bridging and up to 18 months’ refurbishment at rates starting at 0.80% and up to 75% LTV, with a £1,250 admin fee including flip legals, to reduce mid-project refinancing delays and costs.
HSBC reduced mortgage rates across a broad range of UK residential and buy-to-let products, including two-, three-, five- and 10-year fixed deals for first-time buyers, home movers, remortgagers, existing borrowers and international clients, and had extended fixed-rate end dates to July on all terms.
Bridging lender Lakeshield launched Flow, a new residential bridging product offering loans of £100,000 to £750,000, with all eligible loans priced at 0.75% per month.
Buy-to-let lender Landbay cut rates on selected 75% LTV five-year fixed Premier remortgage products, lowering its AVM range by 0.05 percentage point and its Assisted Legals and Cashback ranges by 0.10 point. It also implemented 20-bp rate cuts across 15 selected Core two- and five-year fixed-rate products at 75% LTV, and raised the maximum loan size on its standard products to £1.5 million.
Market Harborough Building Society cut selected residential and buy-to-let fixed mortgage rates by up to 0.36 percentage points, reducing two-year fixes by 0.36 points, three-year fixes by 0.32 and five-year fixes by 0.28, and launched a limited-time “Discount Now, Fix Later” option.
Nationwide reduced fixed mortgage rates for first-time buyers, home movers and existing customers by 0.25 percentage points across its range, reducing its cheapest deal to 4.50%.
NatWest made selected rate reductions across its New Business, Existing Customer and Additional Borrowing mortgage product ranges, and also changed the end dates for both its New Business and Existing Customer products.
Principality Intermediaries launched a refreshed mortgage range, after withdrawing some products, cutting selected residential, JBSP and holiday let fixed rates by up to 0.12 percentage points and introducing new 80%-90% LTV fixes with fees up to £1,499.
Saffron for Intermediaries overhauled criteria across buy-to-let, self-build and residential ranges, adding a 55% LTV BTL tier, accepting new-build flats to 75% LTV interest-only, widening warranty and repayment, lifting the part-and-part cap to 70% within 80% LTV, and launching rates of 5.28% at 85% LTV, 5.95% and 5.90% at 90% LTV with fees of £895 and £1,499.
Santander reduced rates across parts of its fixed-rate mortgage range for first-time buyers, home movers and remortgagors, with cuts of up to 0.25 percentage points.
Skipton Building Society announced selected cuts and new products across its UK residential mortgage range, including reductions of up to 0.27 percentage points on its two-year fixed-rate deals, and the launch of two- and five-year fixed rates for existing residential borrowers plus new two-year fixed buy-to-let products.
The Mortgage Works reduced rates by up to 0.20 percentage points on selected buy-to-let and let-to-buy products across its new business mortgage range.
TSB cut mortgage prices, with reductions of up to 80bps, mainly on buy-to-let two- and five-year fixes at 69% loan-to-value and on residential three-year purchase and two-, three- and five-year remortgage fixes.
Specialist lender Vida slashed rates by up to 106 basis points on selected UK residential mortgage products and eased criteria for self-employed, contractor and commission-based borrowers, including accepting 12 months’ trading history, extending the age of latest accounts to 21 months and using 100% of commission income in affordability assessments.
Virgin Money cut mortgage rates by up to 0.45% on selected residential purchase, remortgage, shared ownership and buy-to-let product transfer deals, and increased selected remortgage two-year tracker rates by up to 0.25%.
West Brom Building Society reduced mortgage rates by up to 0.30 percentage points and expanded its First Time Buyer, Home Mover and Remortgage range.
West One slashed residential mortgage rates by 0.55 percentage points and buy-to-let rates by up to 0.30 points across its ranges, taking residential pricing to as low as 6.04% and buy-to-let two-year fixes to 3.69% and five-year fixes to 4.39%.
Are you a mortgage lender whose product and rate changes weren’t included in this round-up? Email the author to have your latest product updates included.
