Good news! Our new 5-year fixed rates will be launching on Wednesday 19th July, meaning we’re able to extend the withdrawal notice period by 24 hours.
Our current residential 5-year fixed rates will now be withdrawn tomorrow (Tuesday 18th July) at 5:30pm and replaced with new rates on Wednesday 19th July.
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 tomorrow at 5:30pm.
Applications submitted after this date will use the new products.
You can view our current products in our product guide.
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.