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 selected residential and buy-to-let products by up to 18 basis points (bps), with reductions covering fixed-rate residential deals up to 75% LTV by as much as 10bps, house purchase products above 80% LTV by up to 11bps, and buy-to-let two- and five-year remortgage products up to 75% LTV by up to 18bps, bringing headline rates as low as 4.77% on a two-year buy-to-let fix at 60% LTV.
Atom bank dropped rates across its Prime and Near Prime mortgage ranges, reducing Prime products by 20bps and Near Prime products by 10bps.
BM Solutions trimmed rates on its personal ownership buy-to-let and let-to-buy products, reducing selected fixed purchase rates by up to 13bps and selected fixed remortgage rates by up to 12bps.
Castle Trust Bank announced a series of enhancements to its bridging proposition, introducing new Light Refurbishment Sale Exit products, reducing rates across selected Light and Heavy Refurbishment products, and adding a valuation fee refund of up to £750 on completion for eligible Light Refurbishment cases.
Coventry for intermediaries reduced all fixed-rate mortgage deals by up to 20bps for new and existing customers, with highlights including a 5.17% two-year fix at 90% LTV with no fee and £500 cashback for first-time buyers, and a 5.10% five-year fix at 75% LTV with a £1,999 fee for limited company buy-to-let remortgages on properties rated EPC A-C.
Halifax Intermediaries made cuts to selected fixed-rate mortgage products across multiple borrower categories, with homemover and first-time buyer rates falling by up to 15bps, remortgage rates by up to 13bps, and product transfer and further advance rates by up to 12bps.
HSBC lowered rates across both its residential and buy-to-let products.
Landbay reduced rates by up to 35bps across its Premier, Core and Specialist mortgage ranges, with rates starting from 3.44%, while also launching eight new 65% LTV products within its Small HMO and Multi-Unit Freehold Block ranges and expanding its Tier 2 criteria to accommodate landlords with minor credit impairments.
Legal & General launched a tailored rate reduction of between 0.01% and 1.00% for new customers of its Optional Payment Lifetime Mortgage product, a lifetime mortgage for homeowners aged 55 and over that allows borrowers to pay some or all of the monthly interest, with the reduced rate retained for life — including future drawdowns — provided payments are made for the first 15 years of the loan.
ModaMortgages cut rates by up to 10bps across its limited-edition five-year fixed-rate buy-to-let range, with fee-free products now starting from 5.04% for single-dwelling properties and 5.14% for HMO and multi-unit freehold block properties of up to six bedrooms or units.
Molo reduced rates by 12bps across its Standard and Specialist buy-to-let product ranges, with two-year fixed rates on Standard products starting from 3.09% and five-year fixes from 4.87%, while Specialist buy-to-let two-year rates opened at 3.19% and five-year rates at 4.97%.
NatWest slashed rates across more than 200 products in its new business range, with reductions of up to 24bps, led by a two-year fixed buy-to-let remortgage at 75% LTV with no fee falling from 5.41% to 5.17%, while residential and first-time buyer products also fell, though some existing customer rates rose.
Paragon Bank refreshed its buy-to-let mortgage range, offering rates starting from 3.55% on two-year fixed green mortgage products at 75% LTV, with options spanning 60% to 80% LTV on two- and five-year fixed terms for individual and limited company landlords across England, Scotland and Wales. The lender also reintroduced its Track to Fix feature to its Bank Base Rate tracker buy-to-let mortgage range, allowing existing customers to switch to a fixed-rate product during the tracker term without incurring an early repayment charge.
Recognise Bank launched a five-year fixed-rate product within its Commercial Term range, available for commercial investment and owner-occupied properties on loans from £250,000 to £3 million at up to 70% LTV, complementing its existing two-year fixed-rate option.
Santander cut rates on more than 200 residential and buy-to-let mortgage products by up to 25bps, with the steepest reductions applied to high-LTV fixed deals, including a 90% LTV two-year fix for first-time buyers falling from 5.14% to 4.89%.
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.
