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 Mortgages cut rates across its residential new business range, reducing two-year fixed rates by up to 30 basis points (bps), three-year fixes by up to 29bps, and five-year fixes by up to 21bps, while lowering minimum loan sizes on selected products up to 75% LTV from £50,000 to £30,000.
Afin Bank launched a regulated bridging loan product offering lending up to 80% LTV gross, with loans ranging from £50,000 to £3 million, a 2% arrangement fee on the net loan size, and rolled-up daily non-compounding interest.
Aldermore reduced its two-year fixed special edition buy-to-let product switch rate for individual and company landlords holding single residential investment properties by 35bps to 6.44% at 70% LTV with no fee.
Atom bank slashed rates across its entire Prime mortgage range, reducing products up to 90% LTV by 15bps and existing fee-free 95% LTV options by 20bps, while introducing a new suite of 95% LTV products carrying a £900 fee, with Prime rates now starting from 4.99% on two- and three-year fixed products up to 85% LTV.
Barclays cut rates by up to 66bps across its residential purchase and remortgage ranges, with the steepest reductions on purchase-only products, including a fee-free two-year fixed rate at 90% LTV falling from 5.45% to 4.79% and its Green Home equivalent dropping from 5.35% to 4.69%, while remortgage two-year fixed rates at 60% LTV fell by 15 basis points and selected Reward range products for existing customers were trimmed by up to 11 basis points.
BM Solutions reduced mortgage rates by up to 15bps across its two-, three- and five-year fixed-rate purchase and remortgage products, and by up to 10bps on two- and five-year fixed rates for limited company buy-to-let purchase and remortgage deals.
Coventry for intermediaries implemented a mixed round of rate changes across its residential and buy-to-let mortgage ranges, raising two- and five-year fixed purchase and remortgage rates for most new and existing residential borrowers while cutting five-year fixed interest-only remortgage rates and reducing fixed rates across its buy-to-let and limited company buy-to-let products for both new and existing borrowers.
Foundation cut buy-to-let mortgage rates by up to 25bps across its F1 standard, HMO, MUFB, short-term and holiday let, expat, and Property Plus product ranges, while also lowering its minimum buy-to-let property value to £70,000, with a 75% maximum LTV applied to properties valued between £70,000 and £75,000.
GB Bank slashed its 65% LTV buy-to-let core range rates by 30bps across its two-, three- and five-year fixed-rate products, with refreshed rates starting from 4.39% on a two-year fix with a 5% fee, 4.77% on a three-year fix, and 5.53% on a five-year fix.
Halifax cut rates by up to 15bps across all two-, three- and five-year homemover and first-time buyer products, while simultaneously launching Lloyds Loyalty Premier exclusive deals offering a 0.20% discount across its full mortgage range for customers holding a Lloyds Bank Premier current account.
Landbay launched new Premier Remortgage AVM two-year fixed-rate products, available up to 75% LTV with zero, 1%, 3% and 5% fee structures — including rates of 3.34% (5% fee) and 5.84% (zero fee) — while also cutting selected Premier two-year fixed and Small HMO five-year fixed rates by 5bps. It also cut rates by 5bps across 18 products in its Premier buy-to-let range, and also launched a new two-year tracker product transfer option within Premier, priced at Bank Base Rate plus 0.44% with a 3% fee and no early repayment charges.
Metro Bank launched a Joint Borrower Sole Proprietor mortgage product, allowing customers to borrow up to 100% of a property's value with the support of an immediate family member acting as joint borrower in cases of missed payments or changed financial circumstances.
Molo cut rates by 10bps across its UK resident two-year and five-year fixed buy-to-let range, with two-year fixes for standard products now starting at 2.85% at 75% LTV and five-year fixes from 4.55%, available to both individual and limited company landlords.
Nationwide implemented cuts of up to 19bps across its two-, three-, five- and 10-year fixed rate mortgage range and up to 12bps on selected two-year tracker products.
Paragon Bank cut selected two-year fixed-rate buy-to-let mortgage rates by 15bps and added a 2% fee option to its BBR tracker range, with tracker products for single self-contained properties at 75% LTV now starting from BBR plus 1% (currently 4.75%) and fixed rates beginning at 3.40% for energy-efficient properties, covering SSC, HMO, and MUB portfolios.
Pepper Money reduced rates across its residential and affordable home ownership mortgage ranges, including shared ownership, right to buy, and help to buy products, with the cuts targeting two-year fixed rate products.
Principality Intermediaries made rate reductions across its residential, shared ownership, JBSP and buy-to-let mortgage ranges; cuts include up to 17bps on five-year fixed residential deals at 65% LTV, reductions of 4–10bps across selected 75%–90% LTV products, and a 10bps cut on its BTL five-year fixed 60% LTV product with a £1,395 fee.
Roma Finance launched a commercial mortgage product offering intermediaries access to up to £2 million in funding for property investors, trading businesses, and OpCo-PropCo structures across England, Scotland, and Wales.
Shawbrook raised the maximum LTV on eligible commercial bridging loans to 75%.
United Trust Bank Mortgages dropped residential mortgage rates by up to 100bps and launched new 90% and 95% LTV products for Super Prime and Prime Plus borrowers, with rates starting from 5.24%, maximum loan sizes of £750,000 at 90% LTV and £500,000 at 95% LTV.
Virgin Money cut mortgage rates across its purchase, remortgage, and product transfer ranges, with reductions of up to 16bps on selected products, including two- and five-year fixed rates, 10-year fixed rates, shared ownership fixes, and selected tracker products.
West Brom Building Society reduced rates across its two-year fixed purchase mortgage range, cutting products by up to 18bps, with its no-fee 90% LTV product falling from 4.95% to 4.77%, its fee-paying 90% LTV product dropping from 4.73% to 4.64% with a £999 fee, and its 95% LTV no-fee product lowered from 5.25% to 5.15%.
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.
