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 rates on more than 20 residential mortgage products, reducing fixed-rate deals across purchase, remortgage and existing-customer ranges by between five and 43 basis points (bps), with headline reductions including a two-year fixed purchase rate at 60% LTV falling from 4.60% to 4.39% with a £899 fee, and a three-year fixed at 95% LTV dropping 43bps to 5.42%.
Coventry for intermediaries cut selected residential and buy-to-let mortgage rates by up to 16bps, introducing no-fee fixed-rate deals aimed at first-time buyers, including a 5.02% five-year fix at 90% LTV to November 2031 and a 5.09% two-year fix at 85% LTV to November 2028, both carrying £500 cashback.
Foundation launched two limited edition two-year fixed-rate buy-to-let products within its F1 range at 75% LTV, priced at 4.44% and 4.34% respectively — the lower rate reserved for properties with an EPC rating of 'A' to 'C' — both carrying a 4% fee with free standard valuation and no application fee.
Gen H implemented sweeping rate cuts across its entire mortgage range, targeting both home movers and first-time buyers; reductions included two-year 60%–80% LTV rates falling 30bps, five-year 85%–90% LTV rates dropping 21bps, two-year 80%–90% LTV rates down 11bps, and its New Build Boost rate cut 15bps to 6.39% — yielding an effective rate of 5.38%.
Hanley Economic Building Society cut rates across its residential, retirement interest-only and self-build mortgage ranges by up to 65bps, reducing its 95% LTV two-year variable discount residential mortgage from 6.32% to 5.77%, its two-year BuildLoan Exclusive ECO self-build product from 6.21% to 5.56% (available up to 80% LTV), and its two-year retirement interest-only mortgage from 5.93% to 5.29% (available up to 70% LTV).
InterBay, the specialist commercial lending arm of OSB Group, cut owner-occupier mortgage rates by up to 40bps and introduced more competitive pricing for loans above £2.5 million, while also improving rates at lower loan-to-value tiers and removing EPC-related restrictions from its commercial offering.
Keystone Property Finance cut rates by 15bps across its two- and five-year fixed-rate buy-to-let products, with new pricing starting from 3.44% for standard products at 70% LTV, 3.49% for specialist, 4.79% for expat, 5.54% for holiday let, and 5.09% for product transfer and refurb to let exit options, all at varying LTV thresholds.
Leek Building Society made price reductions across its fixed-rate mortgage range, cutting residential products by up to 20bps, including a no-fee five-year fix at 90% LTV to 5.33%, a fee-bearing five-year fix at 95% LTV to 5.31%, and shared ownership, limited company buy-to-let at 75% LTV, and holiday let products also reduced, with some residential 95% LTV deals carrying £400 cashback and fees up to £1,495.
ModaMortgages launched a limited-edition two-year fixed-rate buy-to-let range starting at 3.54% for single-dwelling properties and 3.64% for HMO and multi-unit freehold block properties of up to six bedrooms or units, available to individual and limited company landlords at up to 80% LTV with free valuations.
NatWest reduced mortgage rates across multiple products for new and existing borrowers, with cuts including its first-time buyer two-year fix at 90% LTV falling from 5.56% to 5.35% (fee-free) and from 5.15% to 5.05% (£995 fee), its 60% LTV purchase two-year fix dropping from 4.78% to 4.59% (£995 fee), and further advance rates falling by up to 16bps, with reductions also applied to buy-to-let and Help to Buy products.
Newcastle for Intermediaries launched a new range of Bank of England base rate tracker mortgages, with variable rates starting at 4.55%, available for residential borrowers at up to 80% LTV, interest-only, buy-to-let, and Enhanced Plus products, featuring no early repayment charges.
Shawbrook launched a dedicated Purpose-Built Student Accommodation (PBSA) financing proposition for experienced landlords, offering loans from £500,000 to £35 million at rates starting from 5.99%, up to 75% loan-to-value on interest-only facilities, and terms of up to 25 years. The lender also reduced rates by up to 25bps across selected specialist buy-to-let products, with single let rates on loans between £150,000 and £2.5 million now starting from 4.84% and HMO and multi-unit freehold block products of up to 10 units now starting from 4.89%.
The Mortgage Lender launched a limited-edition five-year fixed buy-to-let rate starting from 4.74%, available with 2% or 5% completion fee options and a free valuation, while also cutting rates by up to 15bps across selected two-year and five-year fixed products — bringing five-year fixed HMO rates to 5.06% — and eliminating its £150 application fee on all expat products and enhancing its multi-loan offering.
The Mortgage Works introduced three new two-year tracker buy-to-let products — priced at 4.19% and 4.29% with a 1% fee, available up to 65% LTV for purchase, remortgage, and existing customer switcher options — while simultaneously cutting rates by up to 15bps on selected two-, three-, and five-year fixed-rate products across its buy-to-let and let-to-buy ranges, with examples including a five-year fixed-rate buy-to-let at 4.39% (down 15 bps, 3% fee, up to 75% LTV).
TSB implemented rate reductions across its buy-to-let, portfolio buy-to-let, product transfer and additional borrowing ranges, cutting BTL two- and five-year fixed purchase and remortgage rates at 60%–80% LTV (portfolio BTL 60%–75% LTV) by up to 0.80%, residential product transfer two- and five-year fixed rates at 0%–75% LTV by up to 0.15%, and residential two-year fixed rates at 75%–85% LTV with a £995 fee by 0.05%.
West Brom Building Society made changes to its loan-to-income lending policy, allowing applicants earning more than £40,000 and up to £60,000 to borrow up to five times their income, and those earning above £60,000 up to 5.75 times income, subject to affordability criteria.
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.
