In our latest product update we’re announcing a fresh tranche of interest rate cuts with a focus on long term fixes as we continue our mission to bridge the affordability gap faced by many of today’s homebuyers.
TLDR
- We’ve launched two new 5 Year Fixed income-boosting products at competitive rates (95% and 90% LTV).
- We’ve reduced 5 Year Fixed interest rates featured in our Income Flex and Ltd Company Buy to Let products.
- We’ve withdrawn a 2 Year Fixed Flex Together JBSP product.
Explore all our latest product updates below and if you have any questions, please get in touch with our team. You can also view our recent spring product refresh here.
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What are the new products?
Two income-boosting products aimed at addressing consumer uncertainty and affordability, with 5-year fixed products not being stress-tested as high as the 2-year products they are replacing, enhancing the homebuyer’s borrowing potential.
Rate reductions
Income Flex
Our Income Flex mortgages are specifically designed for applicants who have non-standard or irregular income arrangements and are unlikely to be able to meet standard affordability criteria to secure the mortgage they require. This could include individuals seeking higher income multiples, consideration of irregular income patterns, multiple income streams, 100% commission, CIS contractors, or consideration of their business profits. Explore Income Flex criteria.
| Product name | LTV | Old interest rate | Old product code | New product name | New interest rate | New product code |
|---|---|---|---|---|---|---|
| Income Flex – Fixed 5 Year to 31/07/2029 | 80% | 6.09% | IFHF8 | Income Flex – Fixed 5 Year to 31/08/2029 | 5.85% | IFHF9 |
Ltd Company Buy to Let
Ltd Company Buy to Let mortgage products are designed to support existing, and would-be landlords, who are looking to maximise their borrowing potential. It will also benefit those who wish to grow their portfolios through the creation of a Special Purpose Vehicle, which will be dedicated to managing their portfolios. Explore Buy to Let criteria.
| Product name | LTV | Old interest rate | Old product code | New product name | New interest rate | New product code |
|---|---|---|---|---|---|---|
| Ltd Company Buy to Let – Fixed 5 Year to 31/07/2029 | 70% | 5.54% | LCF21 | Ltd Company Buy to Let – Fixed 5 Year to 31/08/2029 | 5.39% | LCF24 |
| Ltd Company Buy to Let – Fixed 5 Year to 31/07/2029 | 70% | 5.10% | LCF22 | Ltd Company Buy to Let – Fixed 5 Year to 31/08/2029 | 4.89% | LCF25 |
Product withdrawn
Stay informed
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Speak to us
Our dedicated Business Development team will be happy to speak to you about any cases you have, explain how our specialist products and flexible criteria can benefit your clients, or answer any questions you have about our Mortgage Referrals Committee. Get in touch on 01455 894 084. Or send us a message on our Live Chat, our response time is often only seconds!
Please note product details and criteria are correct at launch and are subject to change.
