Your weekly round-up of mortgage rate changes and product updates
Another week, another round of lender activity worth tracking. This is your snapshot of what moved across the UK mortgage market in the week ending 13 November — what came down, what launched, and which moves were limited to specific products, terms, or loan-to-value (LTV) tiers.
Mortgage Introducer keeps a close eye on reprices, new product launches, and lending criteria changes that are worth having on your radar — so you can scan the headlines fast and get back to advising clients.
This week's theme was broadly positive for borrowers despite the Bank of England's (BoE) decision to raise the base rate to 4% on 5 November — the first increase since 2023. Swap rate movements, partly driven by the US midterm election results easing global borrowing cost expectations, gave a number of lenders room to cut fixed-rate pricing across both residential and buy-to-let ranges. The activity spanned high-street names and specialist lenders alike, with buy-to-let products particularly active.
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:
Lender round up
Barclays cut residential mortgage rates by up to 40bps from 11 November, with reductions across two- and five-year fixed products on purchase, remortgage, Green Home and Existing Customer Reward ranges. High-LTV borrowers at 85–95% LTV and remortgage customers at 75–85% LTV saw the largest cuts.
Fleet Mortgages reduced all five-year fixed rates with 3% or 5% product fees by 20bps from 11 November, covering Standard, Limited Company and HMO/MUFB products up to 75% LTV. Rates now start from 5.04% on the 5% fee range.
Gen H cut two-, three- and five-year fixed rates by up to 30bps, with the largest reductions targeting buyers at 85–95% LTV. The cuts were partly attributed to swap rate improvements following the US midterm elections. Gen H’s lowest rate for first-time buyers, home movers and remortgagers is 5.64% on its 2-year fixed £500k+ special product at 80% LTV, with a £1,999 fee, down 10 bps.
Halifax Intermediaries enhanced its affordability assessment for junior doctors, locum doctors and associate dentists from 9 November, moving them from contractor to employed income treatment — allowing full annual income to be used in affordability calculations.
Hanley Economic Building Society launched a 90% LTV five-year fixed rate mortgage for foreign nationals at 6.04% from 10 November, with individual underwriting and no credit scoring. Available from an applicant's first day of UK residency.
Landbay cut Premier buy-to-let rates by up to 15bps on 13 November, covering two- and five-year fixed products, Product Transfer and Small HMO options at 75% LTV — following earlier cuts across its Core and Specialist ranges the same week.
Molo Finance reduced two- and five-year fixed rates in its Standard buy-to-let range by 10bps from 11 November. Rates now start from 3.6% on two-year fixes and 5.3% on five-year fixes, both at up to 75% LTV.
Saffron for Intermediaries cut selected fixed rates by 20bps from 12 November across buy-to-let (including expat and limited company), self-employed and first-time buyer ranges at 95% LTV. All products carry flat arrangement fees.
Yorkshire Building Society reduced rates by up to 0.30% on 13 November, with the largest cuts on 5% and 10% deposit products with discounts of up to 0.20% on selected mortgages for those with a deposit of between 20% and 35% of the value of their home. Several deals in the new range have been rated best buys by Moneyfacts, including a fee-free two-year fix at 5.06% and a five-year fix at 4.82%, both at 60% LTV.
Are you a mortgage lender whose product and rate changes were not included in this round-up? Email the editorial team to have your latest product updates included in next week's edition.
