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 raised its minimum income threshold for residential borrowers seeking loans at 4.49 times their income or higher from £50,000 to £65,000, tightening affordability requirements for that segment while exempting first-time buyers, who face no minimum income threshold.
Buckinghamshire Building Society raised the maximum loan size across its buy-to-let and holiday let product ranges from £500,000 to £750,000, launched new limited company SPV fixed-rate products — including a BTL three-year fixed at 6.19% and holiday let two-year fixed at 6.09%, both up to 80% and 75% LTV respectively, each with a £1,500 fee — and expanded expat eligibility to Hong Kong residents, excluding BNO status.
Cambridge Building Society launched a limited company holiday let mortgage, a five-year fixed rate product available at 80% loan-to-value with a rate of 5.78% and an income coverage ratio of 125% at payrate.
Darlington Building Society cut rates on its residential foreign currency mortgage range by up to 30 basis points (bps), with two- and five-year fixed products at 80% LTV falling to 5.39% and 90% LTV products dropping to 5.79%.
Halifax Intermediaries implemented rate reductions on selected fixed-rate mortgage products — covering homemover, first-time buyer, remortgage, product transfer, and further advance ranges.
HSBC UK became the first lender to automate remortgage cases through LMS's Decisioning and Automated Remortgage Technology.
Leeds Building Society cut mortgage rates by up to 22bps across its residential, shared ownership and buy-to-let ranges, with reductions including its Shared Ownership five-year fixed rate to 4.94% from 5.16% and its buy-to-let 5-year fixed rate to 4.67% from 4.89%.
Lloyds Banking Group launched a new low-deposit mortgage for first-time buyers across its Lloyds, Halifax and Bank of Scotland brands, requiring only a £5,000 deposit on properties up to £300,000, with a 5.89% fixed rate, no product fee, and a maximum 40-year term.
ModaMortgages launched a limited-edition five-year fixed-rate buy-to-let range, with rates starting at 5.14% for single-dwelling properties and 5.24% for HMO and multi-unit freehold block properties of up to six bedrooms or units, available at 75% and 80% LTV to individual and limited company landlords, with free valuations included.
NatWest raised its maximum loan-to-income ratio to 6.5 times earnings for joint mortgage applicants earning over £150,000, capping borrowing at 75% loan-to-value for those at the new ceiling.
Paragon Bank cut rates on its buy-to-let further advance mortgage range by 20bps and lowered the minimum loan size to £2,000, with five-year fixed rates starting at 6.25% up to 75% LTV for single self-contained properties and two-year fixes from 6.40%.
Santander cut mortgage rates by up to 27bps across its first-time buyer, home mover and remortgage fixed and tracker products, with remortgage highlights including a 60% LTV two-year fix at 4.62% and a 90% LTV two-year tracker from 4.30%, both carrying a £999 fee.
Skipton Building Society made reductions averaging 14bps across its two-, three- and five-year residential mortgage products at 90%, 95% and 100% LTV tiers, with the largest single cut reaching 32bps.
StrideUp raised rates across its full mortgage range by 30bps and pulled out its buy-to-let expat product range.
Together implemented rate cuts across select short-term and first-charge products, reducing unregulated bridging rates by 2bps to a headline rate starting from 0.83% on loans from £26,000 to £5 million, while slashing its regulated first-charge retention two-year fixed rate (below 65% LTV) by 55bps to 7.85% and its five-year fixed rate by 24bps to 7.75%.
TSB made reductions across several residential mortgage products, cutting three-year fixed house purchase rates by up to 20bps, two-year fixed remortgage rates at 75% LTV by up to 10bps, and two-year fixed house purchase rates by 5bps.
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.
