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:
Barclays cut residential mortgage rates by up to 66 basis points (bps) across its purchase and remortgage ranges, with the steepest reductions at higher loan-to-value tiers — including a 0.66% cut to a fee-free 90% LTV two-year fix now priced at 4.79%.
Clydesdale Bank reduced its core residential product transfer fixed rates, cutting two- and five-year fixed rate products for loans under £1 million by up to 0.16% and selected equivalent products for loans above £1 million by up to 0.10%, while launching new two- and five-year fixed rate products at 65% and 75% LTV with a £1,999 fee starting from 4.27%.
Coventry Building Society increased rates across its residential, buy-to-let and limited company buy-to-let mortgage ranges for both new and existing borrowers.
Dudley Building Society cut rates by up to 100bps across its residential, buy-to-let, holiday let and expat mortgage ranges, with reductions spanning selected two-year and five-year fixed and discounted products available for purchase and remortgage, including a residential expat two-year fixed at 85% LTV falling to 5.50% from 6.50% and a buy-to-let two-year fixed at 80% LTV dropping to 5.50% from 6.30%.
Fleet Mortgages implemented a series of buy-to-let criteria enhancements, including expanded foreign national eligibility for joint applications where at least one applicant holds a British passport, ILR or settled status, and extended limited company lending to group structures registered anywhere in the UK.
Foundation launched a new range of buy-to-let special products at 80% LTV across its F1, Standard HMO and MUFB categories, offering two-year fixed rates from 5.09% and five-year fixed rates from 5.69%, with product fees of 3% and 4% respectively, as alternatives to its existing fee-free options at 80% and 85% LTV. The lender also raised rates by up to 30bps on selected buy-to-let fixed products,with increases spanning its F1 two- and five-year fixes (up to 0.30%), F2 HMO two- and five-year fixes (up to 0.25%), and F2 MUFB, Large HMO, Short Term Let and Expat two- and five-year fixes (up to 0.10%).
Gen H raised its mortgage rates across all fixed-term products, with two-year rates increasing by 19bps, three-year rates by 17bps, and five-year rates by 15bps; its New Build Boost product also rose by 15bps to a headline rate of 6.49% and an effective rate of 5.48%.
Hope Capital Property Finance cut rates across its Max Net bridging product; residential rates fell 2bps to 0.87% at 75% net LTV, while semi-commercial and commercial rates each dropped 10bps to 0.89% and 0.92% respectively at 70% net LTV.
InterBay reduced rates across its buy-to-let and product transfer ranges by up to 20BPS and introduced a new 65% LTV option, while also launching a dedicated pricing band for loans of £10 million to £25 million.
Leeds Building Society launched a 98% LTV mortgage product for first-time buyers, available at a five-year fixed rate of 5.65% with a minimum £5,000 deposit and maximum loan of £500,000, enabling borrowing of up to five times household income for applicants earning at least £30,000, with no completion fee and a free standard valuation.
Masthaven Finance overhauled its refurbishment bridging range, introducing enhanced criteria, reduced pricing and increased LTV bands across its non-regulated and regulated products; the lender also cut rates across its residential and specialist finance ranges and introduced a new 60% LTV bracket.
Nationwide increased selected fixed and tracker mortgage rates by up to 35bps, affecting products across its First Time Buyer, Home Mover, Existing Customers Moving Home, and Remortgage ranges. The lender also lowered the eligible income required for joint applicants from £100,000 to £75,000. It has also expanded its LTI lending criteria, allowing eligible applicants to borrow up to six times their income.
NatWest raised mortgage rates by up to 27bps across its residential range, with its lowest standard purchase rate set at 4.30% for a two-year fix at 60% LTV with a £995 fee, first-time buyer rates starting at 4.65% for a two-year fix at 85% LTV, and its highest LTV offering at 95% carrying rates from 5.16% to 5.30% fee-free.
United Trust Bank reduced rates across its regulated and unregulated bridging ranges by up to 8bps, with regulated bridging now starting from 0.57% per month and unregulated bridging from 0.63% per month, covering standard, light refurbishment and second charge products.
Virgin Money raised its fixed mortgage rates across purchase and remortgage products by up to 35bps, with two- and five-year fixed rates increased by as much as 0.35%, 10-year fixed rates by 0.20%, and Shared Ownership fixed rates by up to 0.30%.
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.
