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 cut rates by 10 basis points (bps) across all fixed-rate buy-to-let products at 80% LTV, with headline deals including a five-year fix for remortgage customers dropping to 5.57% and a two-year purchase fix falling to 5.81%, both carrying a £995 fee.
Barclays dropped rates across its residential mortgage range — including purchase, remortgage, Green Home, and existing customer products — with reductions of up to 50bps, the steepest cuts falling on 10-year fixed-rate purchase deals, where the 60% and 80% LTV products with a £999 fee dropped to 5.12% and 5.53% respectively; the lender also launched a new three-year fixed Great Escape remortgage at 4.88% with no product fee, available at 60% LTV for loans between £50,000 and £2 million.
CHL Mortgages launched a bridging proposition offering regulated and non-regulated loans across standard, light, and heavy refurbishment products, initially available through directly authorised brokers via selected mortgage clubs and packager panels, with plans for wider distribution in future.
Coventry for intermediaries cut selected residential and buy-to-let mortgage rates, reducing residential products by up to 15bps and buy-to-let products by up to 8bps, with new deals available for both new and existing customers.
Gatehouse Bank expanded its gifted deposit criteria, allowing deposits from non-family members and eligible overseas individuals from selected countries, broadening eligibility beyond its previous requirement that gifts come only from close family members residing in the UK.
Gen H cut rates across its high-LTV and New Build Boost mortgage products, with 85% LTV rates falling 40bps, 90% and 95% LTV rates each dropping 10bps, and its New Build Boost rate reduced 10bps to 6.44%, representing an effective rate of 5.42%. It has also updated its affordability modelling to allow new build buyers to borrow more.
Halifax raised rates by up to 12bos on selected fixed-rate homemover and first-time buyer products and by up to 5bps on selected remortgage, product transfer, and further advance fixed-rate products.
Hinckley & Rugby Building Society launched Credit Renew, a specialist mortgage range for borrowers with complex credit histories, available through its intermediary channel alongside the rebranded Credit Assist tier. The range includes a two-year fixed rate at 6.54% and a two-year discount at 5.94% variable, both up to 75% LTV with an £800 completion fee and £250 cashback, and accepts borrowers with CCJs, IVAs, debt management plans and missed payments assessed by individual underwriters without automated credit scoring.
Holme Finance Bridging Solutions launched a 0.89% per month interest rate for bridging loans of between £100,000 and £300,000 at up to 60% LTV, available on first and second-charge cases.
Hope Capital Property Finance raised the loan, dual legal representation, instant valuation, and no-upfront-legal-undertaking thresholds on its Dual+ residential bridging product to £1 million from £500,000, extended eligibility to Scotland alongside England and Wales, and added instant valuations at enquiry stage, with the product available at 75% LTV from 0.82% on terms of three to 12 months.
Keystone Property Finance cut rates by 10bps across nearly its entire product range, with new starting rates of 3.39% for standard buy-to-let, 4.99% for expat, and 5.69% for holiday let products at 65% LTV.
Leek Building Society introduced eight broker-facing criteria enhancements to its residential and specialist mortgage range, widening income recognition to include Child Benefit, Pension Credit, Carer's Allowance and Disability Living Allowance in full, raising the maximum age for earned income at mortgage term end to 75, extending eligibility to contractors on six-to-12-month contracts with a two-year industry track record, and easing leasehold requirements by reducing the minimum remaining lease term from 75 to 50 years.
London Credit dropped rates across its mainstream property development finance range by 100bps and launched a new Prime Development product, with rates starting at 9.50% per annum at 65% loan-to-gross-development-value and 10.00% per annum at 70% LTGDV.
Nationwide cut fixed mortgage rates by up to 19bps across its two-, three- and five-year products for first-time buyers, home movers and remortgage customers, with its lowest rate falling to 4.52% on a two-year fix at 60% LTV with a £1,499 fee; remortgage reductions reached up to 13bps, with a five-year fix at 75% LTV with a £999 fee now priced at 4.81%.
Recognise Bank raised the maximum loan-to-value on its residential bridging finance products from 75% to 80%, while also introducing short-form and automated valuations on selected residential bridging cases to speed up customer journeys.
Rely reduced rates by up to 25bps across selected one-, two- and five-year fixed-rate products for small, medium and large landlords, with leading rates from 3.51% on a two-year fix at 55% LTV with a 5% fee, covering both single family let and complex property products.
Ultimate Finance cut rates on its Development Exit product, with pricing now starting from 0.74% and 75% LTV loans available from 0.79%.
United Trust Bank Mortgages reintroduced 90% LTV lending across its Super Prime, Prime Plus and Prime second charge ranges for loans of £20,000 to £100,000, and cut rates by up to 60bps on selected fixed-rate Prime, Near Prime and Specialist products, with fixed rates now starting from 6.09% for Super Prime borrowers.
Virgin Money trimmed selected purchase and remortgage fixed rates by up to 8bps, while raising selected buy-to-let product transfer fixed rates by up to 15bps across two-, three-, and five-year terms.
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.
