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:
Aldermore launched a limited-edition buy-to-let mortgage range priced 20 basis points (bps) below its core products, with two-year fixed rates for individual and company landlords starting at 5.89% at 75% LTV with a £1,999 fee, or 6.09% fee-free, while portfolio landlords were offered rates from 5.84% with a £1,999 fee, alongside a no-fee product switch rate of 6.39% up to 70% LTV.
Castle Trust Bank expanded its bridging range by introducing new Light Refurbishment products for loans between £150,000 and £200,000, priced at 0.78% per month, available across both its standard Light Refurbishment and Light Refurbishment with Drawdowns options.
Fleet Mortgages reintroduced two five-year fixed-rate HMO and MUFB products, available up to 75% LTV, with a zero-fee option at 6.09% and a £1,499 fixed-fee option at 5.99% up to a maximum loan of £750,000, both carrying a £1,000 cashback on completion and available for purchase or remortgage.
Foundation Home Loans implemented a series of residential credit criteria changes and rate reductions, including cuts of up to 0.20% on selected F1 two- and five-year fixed rates to a floor of 5.99%, up to 0.15% on F2 two-year fixes to 6.19%, and up to 0.10% on F3 products to 6.44%, alongside revised adverse credit rules permitting unsatisfied CCJs and defaults registered more than six months ago, acceptance of Debt Management Plans across F2 and F3, removal of limits on unsecured and revolving credit, and the withdrawal of the F4 tier for new business. It also expanded loan-to-income limits for higher-earning borrowers, with sole applicants earning £50,000 or more and joint applicants with combined income of £70,000 or more now eligible to borrow up to 5.99 times income, up from a standard cap of 4.49 times, with the changes also available on JBSP applications of up to four borrowers.
Gen H cut rates by 15bps across its 90% and 95% loan-to-value product ranges.
Hanley Economic Building Society launched its first holiday let mortgage range, offering two variable discount products at up to 80% LTV, with a two-year variable discount at 5.54% (2.20% below its 7.74% SVR) and a lifetime variable discount at 5.40% (2.34% below SVR), available for purchase and remortgage between £30,000 and £600,000, including for expat applicants and first-time landlords.
HSBC UK cut mortgage rates by up to 20bps and raised maximum loan limits across residential purchase and remortgage products; remortgage reductions were the steepest, with the two-year 85% LTV no-fee product falling to 5.17%, while lending caps at 75% LTV rose from £3 million to £5 million, with the higher thresholds available through brokers only.
more2life launched a new early repayment charge-free lifetime mortgage product, Apex Zero, offering an interest rate of 9.24% MER, LTVs between 23% and 51%, and unlimited optional repayments with a minimum monthly payment of £50, available to borrowers aged 55 to 95 on a lump sum basis with an arrangement fee of £1,495 on initial advances.
Nationwide cut rates across its two-, three- and five-year fixed mortgage products by up to 15bps, bringing its lowest available rate to 4.48% on a two-year fix at 60% LTV with a £1,499 fee, with reductions covering first-time buyers, home movers and remortgage customers up to 95% LTV.
Skipton International launched a Limited Company Lending product for expat and international property investors purchasing or remortgaging UK buy-to-let property through a special purpose vehicle structure, offering loans from £200,000 at 65% LTV with a £4,999 application fee.
Tipton & Coseley Building Society cut mortgage rates by up to 30bps across its expat and limited company buy-to-let ranges, with its limited company five-year fixed rate at 80% LTV falling from 5.99% to 5.69% and its expat two-year fixed rate at 80% LTV dropping from 5.90% to 5.69%; the society also added new fixed-rate products, including a five-year expat buy-to-let fix at 5.64% (70% LTV).
West Brom Building Society launched a mortgage range for foreign nationals living and working in the UK, offering fee-free two-year fixed rates from 5.34% up to 80% LTV and 5.45% up to 90% LTV, a fee-free five-year fixed at 5.40% up to 80% LTV, and a Shared Ownership option at 5.52% up to 95% LTV, with eligibility extended to holders of Skilled Worker, Health and Care Worker, spousal, and dependent visas as well as those with pre-settled status, subject to a minimum three-year UK address history.
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.
