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:
first direct raised its maximum residential mortgage borrowing limits across three loan-to-value tiers, lifting the 90% LTV cap from £750,000 to £775,000, the 85% LTV cap from £2 million to £3 million, and the 75% LTV cap from £3 million to £5 million.
Halifax made rate reductions across its mortgage range, cutting selected fixed-rate homemover and first-time buyer deals by up to 0.11% and trimming its 60% LTV two-year fix with a £1,999 fee by 0.13% on the remortgage side.
Leeds Building Society lowered select new lending and rate switcher mortgage prices and withdrew certain deals.
ModaMortgages launched a limited-edition buy-to-let mortgage range featuring new fixed product fee options of £7,499, £9,999, and 7% — joining its existing 2% and 5% fee products — with two- and five-year fixed rates starting from 3.69% for single-dwelling properties and 3.79% for HMOs and multi-unit freehold blocks of up to six bedrooms or units, available to individual and limited company landlords at up to 75% LTV with no application or valuation fees.
Newcastle for Intermediaries extended its Affordability Boost proposition to eligible new build purchase applications at up to 95% LTV, allowing first-time buyers, home movers and existing customers to qualify for affordability assessments tied to longer-term fixed rate products.
Rely launched a limited edition product range for portfolio landlords with 11 or more properties, offering rates up to 40bps below its standard range on two- and five-year fixed-rate options at 75% LTV with a 5% fee, alongside new low-LTV products at 60% and 65% LTV for landlords with four or more mortgaged properties, discounted by up to 15bps against equivalent standard products.
TSB cut residential mortgage rates, reducing two-, three- and five-year fixed purchase rates by as much as 20bps and three-year fixed remortgage rates by 15bps. It also reduced rates on its product transfer and additional borrowing mortgages, reducing two-year fixed residential product transfer rates by 10bps to a starting rate of 4.54% with a £1,495 fee at 60% LTV and up to 5.14% with no fee at 80–85% LTV, while five-year fixed product transfer rates fell by up to 20bps from 4.64% at 60% LTV.
United Trust Bank expanded its bridging finance proposition, launching new Standard and Near Prime ranges across both Regulated and Non-Regulated Bridging Finance and reinstating Heavy Refurbishment Finance, with rates starting from 0.57% per month.
Vida Homeloans launched a part & part repayment option across its residential mortgage range, allowing borrowers to split a single mortgage between capital & interest and interest-only methods, with the interest-only element capped at 75% LTV and a maximum balance of £1 million, and overall lending available up to 97% LTV, excluding Right to Buy applications.
West One reduced rates across its fixed-rate commercial mortgage range by 75bps, with semi-commercial fixed rates now starting from 7.34% and commercial fixed rates from 7.94%.
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.
