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 Mortgages reduced rates across its residential and buy-to-let product ranges, with reductions of up to 46 basis points (bps) on residential products — including a two-year fix dropping from 5.43% to 5.17% for first-time buyers at 90% LTV — and up to 30bps on buy-to-let two-year fixed products, while also adding new remortgage products starting from 4.67% for borrowers at up to 65% LTV.
Allica Bank cut rates on its specialist buy-to-let commercial mortgage range by 25bps and expanded its commercial mortgage product suite, adding eligibility for first-time commercial landlords — at a maximum LTV 10% below standard, subject to at least 25% residential use and a professional management agent — alongside a new expat borrower proposition and a healthcare investment offering covering select residential care properties.
Buckinghamshire Building Society launched a one-year discounted rate mortgage at 5.89% — representing a 2.05% discount off its standard variable rate — carrying a £2,500 product fee, no early repayment charge, and available for loan amounts between £100,000 and £500,000 on purchase and remortgage applications.
Charles Street Finance launched a green refurbishment bridging loan product in the North West of England, offering loans of up to £600,000 at an initial monthly rate of 0.99% at 75% LTV over an 18-month term, with rates stepping down to as low as 0.80% upon achieving an EPC 'A' rating.
Coventry for intermediaries repriced selected rates across its owner-occupier and buy-to-let mortgage ranges, reducing residential rates by up to 12bps and BTL rates by up to 10bps, with new deals including a no-fee two-year fixed rate at 5.24% to 90% LTV and a no-fee five-year fixed rate at 5.35% to 95% LTV — both available exclusively to first-time buyers with £500 cashback.
Darlington Building Society cut rates across its residential, specialist residential, shared ownership, buy-to-let and holiday let mortgage ranges, with reductions including a 20bps cut on its two-year fixed residential product at 80% LTV to 5.09% and a 10bps reduction on its shared ownership two-year fixed rate to 5.79%.
Fleet Mortgages reintroduced its EPC A-C fixed-rate buy-to-let mortgage products, offering two- and five-year terms at 75% LTV with a 3% fee — priced 10bps below equivalent standard products — while also cutting rates by 10bps across its five-year standard, limited company and HMO ranges to 5.14% and 5.39% respectively.
Foundation implemented changes to its residential mortgage proposition, including raising its maximum lending age from 75 to 80, cutting rates by up to 15bps across its residential range, removing product fees from two- and five-year fixed-rate 90% LTV products, and reintroducing several product lines.
Gatehouse Bank removed the minimum 5% personal deposit requirement for Home Purchase Plan customers buying a property at undervalue from a family member through a discount family purchase arrangement, accepting applications up to a maximum finance-to-value of 75%, with gifted equity — the difference between market value and purchase price — now treated in lieu of a cash deposit.
Gen H implemented rate reductions across its product range; cuts included a 20-basis-point drop on five-year 60%–80% LTV products, a 15bps drop on two-year 60%–80% LTV products, and a 10bps reduction on its New Build Boost rate to 6.29%, reflecting an effective rate of 5.30% for buyers using a 5% deposit, 80% mortgage, and 15% interest-free equity loan structure.
Specialist bridging lender Glenhawk cut rates across its entire product range by up to 8bps depending on LTV band, with unregulated rates now starting at 0.68% per month.
Halifax and Lloyds Bank lowered mortgage rates across a range of fixed-rate products for first-time buyers, homemovers, and remortgage customers, with reductions of up to 0.12% on purchase deals and up to 0.14% on remortgages, bringing select rates as low as 4.55% on five-year fixes at 60% LTV with a £999 fee and 4.61% on two-year remortgage fixes at 60% LTV with a £1,999 fee, across two-, three-, and five-year terms at LTVs up to 90%.
Hodge Bank raised its maximum LTV limits for remortgaging and debt consolidation, allowing debt consolidation up to 90% LTV, up from 85%, and remortgaging up to 95% LTV, up from 90%, across its Hodge Resi and Hodge Resi Retire product ranges.
Kensington Mortgages announced it had extended free valuations to all residential mortgage products — having previously offered the benefit only on buy-to-let loans — while cutting rates across its residential and BTL ranges, with reductions of up to 0.15%; the lender also replaced its £1,499-fee Residential Select five-year fixed products with new £1,999-fee options.
Keystone Property Finance launched its first semi-commercial mortgage range, offering two- and five-year fixed rates from 7.14% on properties with both commercial and residential elements, with loans up to £2 million assessed on residential rental income alone, available for purchase and remortgage across property types including HMOs, MUFBs, and holiday lets for limited companies, SPVs, LLPs, and individual borrowers.
Buy-to-let lender Landbay cut rates across more than 50 products in its Premier range, with the largest cut being on its 75% LTV two-year fixed-rate products — which now start from 3.39% with a 5% fee — alongside smaller cuts to its Small HMO two-year fixes, Premier remortgage five-year fixes and Premier five-year fixed 75% LTV products.
Leeds Building Society launched a £200 cashback offer for mortgage product transfers. The mutual also cut rates across its mainstream residential mortgage range by up to 32bps, reducing its two-year fixed rate to 5.27% from 5.59% and its five-year fixed rate to 5.24% from 5.42%, with both products available at up to 95% loan-to-value and carrying no completion fee.
Leek Building Society launched a new five-year buy-to-let fixed-rate mortgage at 5.30% for intermediaries, available up to 75% LTV with a £995 product fee, aimed at landlords with no more than two other rental properties.
LiveMore tightened its adverse credit assessment windows, cutting the lookback period for county court judgements, credit defaults and individual voluntary arrangements from three years to 18 months, to widen access for borrowers with historic financial difficulties who have since demonstrated stable behaviour
Lloyds Bank: See Halifax.
ModaMortgages reduced rates by 20bps across its limited edition two- and five-year fixed-rate buy-to-let products, with two-year rates now starting from 3.34% for single dwellings and 3.44% for HMO and MUFB properties, and five-year rates from 4.94% and 5.04% respectively, available to individual and limited company landlords at up to 80% LTV with free valuations.
Molo cut rates across its UK-resident BTL range, reducing standard products by up to 5bps and HMO and multi-unit freehold block offerings by up to 10bps, with two-year fixed rates now starting from 3.05% at 75% LTV for individual and limited company borrowers, and five-year fixes from 4.75%.
Paragon Bank cut rates by 20bps across its buy-to-let mortgage range, with two-year fixed rates now starting from 3.55% and five-year fixed rates from 4.75% at up to 75% LTV for green-rated properties, while also refreshing fee structures to include nil, 3%, 4%, 5% and flat £3,995 options for purchase and remortgage customers across England, Scotland and Wales.
Pepper Money cut rates by up to 80bps across its Pepper 48 and Pepper 48 Light residential ranges on two- and five-year fixed products — with 90% LTV two-year rates moving to 6.99% and 6.94% respectively — and reduced buy-to-let rates to a starting 4.64%, while simultaneously launching a limited edition two-year fixed with a dual-rate structure.
Principality Intermediaries launched a new product transfer range, replacing its existing range withdrawn last week, featuring rate reductions of up to 40bps on selected residential, shared ownership and buy-to-let products — including cuts of up to 40bps on two- and five-year residential fixes at 90% LTV and up to 20bps on buy-to-let transfers at 60% and 75% LTV — while simultaneously raising rates by up to 15bps on selected tracker, holiday let and 95% LTV residential fixed products.
Quantum Mortgages launched a cashback remortgage product and cut rates across its range by 20bps, with the cashback offering paying 1% of the net loan — minimum £1,000, maximum £20,000, or up to £50,000 for a £5 million portfolio — available up to 75% LTV across its single-unit, multi-unit and specialist ranges.
Santander slashed selected fixed rates across its residential and buy-to-let new business and product transfer ranges, with reductions of up to 0.17% on residential new business products and up to 0.09% on BTL rates.
The Mortgage Works reduced rates by up to 22bps on selected one-, two-, and five-year fixed-rate buy-to-let, let-to-buy, HMO and limited company buy-to-let products for new and existing customers, with headline five-year fixed remortgage rates falling to 4.22% at 65% LTV with a 3% fee and limited company buy-to-let rates dropping to 5.49% at 75% LTV with no fee.
Tipton & Coseley Building Society cut rates on selected mortgage products by up to 0.22 percentage points and reduced arrangement fees across its expat and limited company buy-to-let ranges, including a five-year fixed limited company buy-to-let rate repriced from 5.89% to 5.67% at 80% LTV with a £900 fee, while also reintroducing high income multiple mortgages allowing borrowing of up to six-and-a-half times income, available from 5.65% on a two-year discount at up to 80% LTV with no arrangement fee.
West Brom Building Society reduced rates across its shared ownership and core residential mortgage ranges, cutting its two-year shared ownership 95% LTV no-fee purchase product from 5.99% to 5.43% — a reduction of up to 65bps — while also relaunching shared ownership remortgage options, including a two-year 95% LTV no-fee product at 5.60% with £250 cashback, and trimming its core two-year 95% LTV no-fee purchase rate from 5.40% to 5.35%.
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.
