Sharon Van Loenen

Effective Tuesday 25th July, we’re changing our Buy to Let stress rates as follows within our Decision in Principle (DIP) and Full Mortgage Application (FMA): 2 year fixed – increase stress rate from 8.1% to 8.6% 5 year fixed – increase stress rate from 6.89% to 7% Like for Like Remortgage – increase from 7.54%  to 8.21%  Our Buy to Let

New business and product transfer fixed rate increases and other changes   On Tuesday 25 July, we’re increasing selected residential and Buy to Let fixed rates across both the new business and product transfer ranges. In the new business range, we’re introducing new 60% LTV Buy to Let fixed rates and withdrawing the large loan Buy

In addition to our weekly service update, we will be sharing key updates and criteria based on your feedback. For all your cases, we don’t credit score or charge upfront application fees, and our lending decisions are made by underwriters. This week you’ve asked about…  Our government affordable home ownership schemes – Shared Ownership up

Our fixed-rate products, including standard properties, HMO and MUFB, have significantly reduced rates by up to 0.70% We’ve also reintroduced trading company fixed rates and First-time landlord small HMO/MUFB products. For enhanced affordability, all our products come with flexible variable fee structures. Please visit our website to see the full range. Like-for-like Remortgage Standard 2

We are making changes to our 1st Charge Buy-to-Let fixed rate products. The revised fixed rate product range will be available for selection on our broker portal from Tuesday 25th July 2023. Please note that we are decreasing fixed rates across our core product range, including Holiday Let, Expat and Large HMO/MUFB products. A summary of some of the changes are