We’re committed to giving you as much notice as possible when we need to reprice our products. Due to current market conditions, we’re withdrawing our residential 3-year fixed products today (Thursday 13th July) at 5:30pm.
In exceptional circumstances, we may have to withdraw earlier than planned, but we’ll always let you know if this is the case.
Any AIP currently in progress will need to be submitted as a full mortgage application before today at 5:30pm.
Why are rates increasing?
Swap rates and the cost of funding are continuing to rise, so we’re updating our rates in line with this upward trend.
Why do lenders withdraw products at short notice?
The Intermediary Mortgage Lenders Association (IMLA) and Association of Mortgage Intermediaries (AMI) have produced an online guide aimed at assisting mortgage professionals in understanding lender funding, product pricing, and availability – including why lenders may have to withdraw products at short notice.
The guide is available to download here.