UK mortgage rates and product changes (Week ending 3 July 2026)

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 Mortgages launched a dedicated larger loans service for residential mortgage applications of £1 million or more, assigning brokers a specialist underwriter from decision-in-principle through to completion following a pilot programme, with the proposition supporting loans of up to £5 million at 75% LTV, £2.6 million at 85% LTV and £1 million at 90% LTV across purchase, remortgage and new-build cases.

Aldermore launched two new five-year fixed rate limited edition buy-to-let products at 75% LTV with zero fees, available immediately, offering 5.94% for individuals and companies with single residential investment properties and 5.89% for multi-property portfolios. 

Atom bank increased the maximum loan-to-value on its Near Prime mortgage range to 95%. The new 95% LTV two-year fixed rate started at 6.59% with a £1,995 arrangement fee, while rates on its existing 60-90% LTV Near Prime range were cut by 10 basis points (bps). It also reduced rates across its Prime mortgage range by 15bps, bringing two- and three-year fixed rates to a starting rate of 5.14% at up to 85% LTV with a £900 product fee, and five-year fixes to 5.19%.

Barclays slashed mortgage rates across its existing business range by up to 13bps, with reductions spanning purchase, remortgage and tracker products; headline changes included five-year fixed purchase rates falling to 4.33% at 60% LTV and 4.44% at 75% LTV, remortgage three-year fixes dropping to 4.60% at 60% LTV and 4.70% at 75% LTV, and two-year tracker rates trimmed to 4.04% at 60% LTV. 

CHL Mortgages launched a light refurbishment buy-to-let range for landlords undertaking non-structural or modernisation works, offering two-year fixed rates from 4.40% for single dwellings and 4.50% for HMO and MUFB properties, and five-year fixed rates from 6.11% and 6.21% respectively, available to individual and limited company borrowers up to 75% LTV via a single-mortgage structure that releases a retention upon completion of works.

Clydesdale Bank reduced selected residential and buy-to-let product transfer rates, cutting selected two- and five-year fixed-rate residential products for loans under £1 million by up to 29bps and for loans above £1 million by up to 63bps, while all two-year fixed buy-to-let product transfer rates fell by 60bps.

Coventry Building Society launched a range of fixed-rate mortgage deals, including a two-year fix at 4.24%, a three-year fix at 4.44%, and a five-year fix at 4.34%. 

Foundation relaunched its F1 pound-for-pound remortgage only two-year fixed 75% LTV product at 3.99% with a 4% fee, no application fee and a free standard valuation, while also cutting rates by up to 25bps across its residential and buy-to-let product transfer ranges.

Funding 365 introduced rolled interest rates for its Light Refurbishment and Heavy Refurbishment bridging products, offering fixed rates from 0.69% per month up to 65% LTV and 0.79% per month up to 75% LTV on light refurbishment, and from 0.79% to 0.89% per month respectively on heavy refurbishment, with both products funding up to 100% of works costs and available on unregulated first-charge loans of £100,000 to £5,000,000 secured against eligible properties in England and Wales.

Gen H cut the rate on its New Build Boost mortgage scheme by 15bps, lowering the headline rate to 6.14% and the effective rate to 5.17% for buyers using the lender's 5% deposit new build product. 

Hodge Bank removed loan-to-income caps for residential mortgage applicants earning £40,000 or more annually, either individually or jointly, replacing previous tiered LTI limits linked to loan-to-value bands. 

Hope Capital Property Finance strenghtened its residential proposition, cutting its standard rate at 75% LTV to 0.82% from 0.85% and raising the threshold for dual legal representation from £750,000 to £1 million across England, Wales and Scotland.

HSBC UK extended the end dates on its fixed-rate residential and buy-to-let mortgage products by three months, with its two-year fix moving from 31 July 2028 to 31 October 2028, its three-year fix from 31 July 2029 to 31 October 2029, its five-year fix from 31 July 2031 to 31 October 2031, and its 10-year fix from 31 July 2036 to 31 October 2036. The high-street lender also cut rates across its residential and buy-to-let mortgage range by up to 16bps, with reductions spanning first-time buyer, purchase, remortgage and buy-to-let products.

Kensington reduced select buy-to-let mortgage rates by up to 10bps. 

Keystone Property Finance launched a special edition HMO and multi-unit freehold block product range offering rates 15bps below its core buy-to-let products, starting at 3.34%, alongside a simplified fee structure with 2.5%, 5% and 7% options across its standard, specialist, expat and holiday let ranges. 

Lendco cut rates by up to 20bps across selected two- and five-year fixed buy-to-let mortgage products, and introduced split pricing across asset types.

LendInvest launched a semi-commercial proposition within its buy-to-let range, offering two- and five-year fixed rates starting at 5.94% for Tier 1 and Tier 2 individual and corporate borrowers, with expats considered if a UK-based management agent was in place. It also implemented a 10bps rate cut across its two- and five-year fixed rate buy-to-let products.

LiveMore launched a new 2+3-year fixed rate mortgage for customers aged 40 and over, with initial rates starting at 5.84%, as part of its Flexi Fix range alongside existing 3+2-year and 5+5-year products. 

ModaMortgages repriced its limited-edition buy-to-let range, cutting five-year fixed rates at 75% LTV by 10bps and five-year 80% LTV standard products by 5bps, with five-year rates now starting from 4.84% for standard properties and 4.94% for small HMOs and MUFBs; two-year fixed rates at 75% LTV also fell by 5bps, starting from 3.29% for standard properties and 3.39% for small HMOs and MUFBs, across products available to individual and limited company landlords up to 80% LTV with free valuations and no application fee. 

Molo Finance reduced rates on its specialist non-resident five-year fixed mortgage products by up to 53bps, with rates now starting at 6.07%.

NatWest cut mortgage rates across its residential, buy-to-let and additional borrowing ranges, including a 10bps reduction on its two-year fixed 90% LTV product (£995 fee) to 4.79% and a 31bps cut on its two-year fixed 75% LTV remortgage to 4.84%.

Newbury Building Society reduced rates and enhanced products across its residential, Shared Ownership and buy-to-let mortgage ranges, including lower fixed and discounted rates up to 75% LTV, reduced rates for existing borrowers, a new two-year fixed-rate product, cuts across 90% and 95% Shared Ownership loan-to-share ranges, and enhanced buy-to-let discounted variable rates.

Nottingham Building Society cut rates across its residential mortgage ranges by between 20 and 32bps, with Core Residential rates starting from 5.04%, while also reducing stress rates to expand lending capacity. 

Paragon Bank introduced £1,000 cashback, paid on completion, across 21 five-year fixed-rate buy-to-let products, covering single self-contained properties, HMOs and multi-unit blocks, including its recently launched Tailored range, for both purchase and remortgage across multiple LTV bands. 

Precise launched a new range of 60% LTV limited edition residential mortgage products featuring £300 cashback and a £1,495 fee, with rates starting from 4.99% on a two-year fixed, alongside targeted rate reductions including cuts of up to 9bps across selected 55%, 90%, and 95% LTV tiers, as well as selected Tier 3 and Tier 4 fixed rates.

Principality Intermediaries reduced rates by up to 25bps across its residential, shared ownership, buy-to-let and holiday let product transfer ranges, after withdrawing its existing range. The largest reductions applied to selected two-year fixed and discount deals, with cuts ranging from 5bps to 25bps across various loan-to-value bands. 

Quantum Mortgages expanded its cashback range to cover purchases as well as remortgages, paying 1% of the net loan within two weeks of completion, with a minimum of £1,000, a maximum of £20,000, and up to £50,000 for a £5 million portfolio. 

Santander cut new business mortgage rates by up to 21bps, with first-time buyer two-year fixed rates at 60% LTV falling to 4.44%, high-LTV products reduced from 5.38% to 5.29% at 95% LTV and from 5.60% to 5.49% at 98% LTV, maximum loan sizes raised to £2 million across most LTV tiers, and large loan fees streamlined to a flat £1,999 on borrowing up to £5 million.

SDKA launched a promotional offer tied to England's progression in the 2026 FIFA World Cup, refunding valuation fees of up to £500 on residential applications submitted during the campaign, with the refund rising to up to £1,000 should England win the tournament, payable upon loan completion.

The Mortgage Works cut rates by up to 25bps across selected buy-to-let and limited company buy-to-let switcher products for existing customers, with reductions including a five-year fixed buy-to-let rate lowered 15bps to 4.44% with a £1,495 fee at up to 65% LTV, a two-year fixed buy-to-let rate cut 10bps to 4.89% fee-free at up to 65% LTV, and a two-year fixed limited company buy-to-let rate reduced 20bps to 5.74% fee-free at up to 75% LTV. 

Tipton & Coseley Building Society trimmed mortgage rates by up to 14bps across its range, introducing new products including expat buy-to-let mortgages from 5.44% for a two-year discount at 80% LTV, a fee-free residential three-year fix now at 5.99% at 90% LTV, and a retirement interest-only three-year fix reduced from 6.04% to 5.90% at 60% LTV. It also expanded its expat residential mortgage range to include 90% LTV products, adding two- and five-year fixed rates alongside a two-year discount variable rate option. 

Together slashed rates across its fixed-rate product range, reducing all two-year fixed rates by 25bps and all five-year fixed rates by 10bps, with five-year fixed rates now starting from 7.70% for consumer buy-to-let first charge, 7.89% for residential first charge, 8.54% for buy-to-let first charge, and 8.99% for semi-commercial first charge.

TSB cut residential, buy-to-let, product transfer and additional borrowing rates, reducing two-, three- and five-year fixed house purchase rates by up to 20bps — with its lowest two-year fix at 60% LTV now priced at 4.39% — and trimming remortgage and additional borrowing fixed rates by up to 15bps, with the lowest remortgage rate at 60–75% LTV standing at 4.49%. 

Vernon Building Society reduced rates across its entire self-build mortgage range by 15bps, with products now priced from 5.75% for borrowers up to 80% LTV, including the BuildLoan and Mayflower ranges, which offer stage-release funding of up to 85% per stage with fees from £1,999 or 0.25%, depending on the product.

Virgin Money slashed fixed mortgage rates across its range, with purchase rates falling by up to 20bps on 10-year deals, remortgage rates by up to 19bps on two-year deals, and product transfer and buy-to-let product transfer rates reduced by up to 15bps on selected terms.

West Brom Building Society launched new Interest Only and Discount Variable residential mortgage products while cutting rates on selected three- and five-year fixed-rate purchase products by up to 24bps.

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.