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:
Coventry for intermediaries cut selected residential and buy-to-let mortgage rates by up to 12 basis points (bps), introducing deals including a 5.52% five-year fix at 95% LTV with no fee and £500 cashback for first-time buyers, and a 5.23% five-year fix at 75% LTV with a £1,999 fee for limited company buy-to-let.
Fleet Mortgages reintroduced zero-fee and fixed-fee five-year fixed-rate buy-to-let mortgages at 75% LTV, priced at 5.89% and 5.59% respectively, with a £3,999 fee on the lower-rate option, available across Standard and Limited Company ranges for purchase and remortgage.
Foundation relaunched several previously withdrawn products and cut rates on existing multi-unit freehold block and holiday let mortgages, including a 15-basis-point reduction on its MUFB five-year fix to 6.09% and a 10-basis-point cut on its holiday let five-year fix to 6.24%, while introducing five new products spanning F1 and F2 remortgage, ERC3, EPC Saver, and short term let options, all at 75% LTV.
Glenhawk expanded its automated valuation model (AVM) criteria, enabling free AVMs on single residential properties up to 75% LTV in England, Scotland and Wales, with loans up to £1.25 million in London and £750,000 elsewhere.
Hinckley & Rugby for Intermediaries raised the maximum loan-to-value for lending-into-retirement residential mortgages from 75% to 80%, with a maximum borrower age of 85.
Hope Capital Property Finance launched its Max Net bridging loan for residential, semi-commercial and commercial properties, offering 75% net LTV on residential assets at 0.89% and 70% net LTV on semi-commercial and commercial assets at 0.99%, with loans of £100,000 to £5 million over three to 15 months.
Mansfield Building Society launched three fixed-rate mortgage products — a 5.99% house purchase product at 90–95% LTV, a 6.75% credit repair product at up to 75% LTV, and a 5.75% limited company buy-to-let product at up to 75% LTV — all fixed until 30 September 2031.
Melton Building Society entered the limited company buy-to-let market in England and Wales with six new two- and five-year discounted and fixed products at 75% LTV for standard and holiday lets, with a £250 application fee and 1% completion fee.
Molo launched a semi-commercial mortgage proposition for UK domestic borrowers, offering loans from £45,000 to £3 million on five-year fixed rates starting at 6.55% at 75% LTV for non-fire-risk freehold properties with residential units above commercial premises.
Nationwide cut fixed mortgage rates by up to 36bps across two-, three-, and five-year products for first-time buyers, home movers, and remortgage customers, with rates as low as 4.35% on a two-year fix at 60% LTV with a £1,499 fee, while first-time buyers also received £500 cashback and potential green energy incentives.
NatWest launched a two-year fix at 4.49% and a five-year fix at 4.67%.
The Mortgage Lender cut buy-to-let fixed rates by up to 35bps and relaunched select 75% LTV two- and five-year products, with standard BTL rates starting at 4.14% and HMO/multi-unit block rates from 4.29%, loans up to £3 million per property and £5 million per customer.
The Mortgage Works reduced rates by up to 20bps on selected one-, two-, and five-year fixed-rate buy-to-let, HMO and limited company mortgage products for new and existing customers, and also introduced new one-year fixed and two-year tracker buy-to-let products, with headline rates including a two-year fixed buy-to-let at 3.32% and a two-year tracker at 4.19%, both carrying a 1-3% fee at up to 75% LTV.
United Trust Bank expanded its bridging finance criteria to include dual legal representation for unregulated cases alongside regulated ones, covering purchases and refinances in England and Wales on loans up to £1 million, while also raising the light refurbishment works funding cap to 25% of initial LTV with a £200,000 budget ceiling and updating its semi-commercial and mixed-use eligibility rules.
Virgin Money implemented rate cuts across its purchase and remortgage ranges, reducing two-year fixed purchase rates by up to 26bps, five-year fixed purchase rates by up to 24bps, shared ownership fixed rates by up to 26bps, two-year fixed remortgage rates by up to 24bps, and five-year fixed remortgage rates by up to 10bps.
West Brom Building Society cut rates on its two-year core and new build mortgage ranges, reducing its 90% LTV purchase product by 22bps to 5.08% (£999 fee) and its 95% LTV no-fee product by 26bps to 5.58%.
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.
