Product Updates Effective 03/11/2023
New business deals
|
Max LTV of borrowers share |
Product Description |
Completion Fee |
Product Type |
Product Code |
|
85% |
5.99% fixed until 31/03/2026 – Shared Ownership |
£0 |
Purchase |
19231 |
|
85% |
6.04% fixed until 31/03/2029 – Shared Ownership |
£0 |
Purchase |
19238 |
|
90% |
6.19% fixed until 31/03/2026 – Shared Ownership |
£0 |
Purchase |
19232 |
|
90% |
6.09% fixed until 31/03/2027 – Shared Ownership |
£0 |
Purchase |
19236 |
|
90% |
6.29% fixed until 31/03/2029 (CB) – Shared Ownership |
£0 |
Purchase |
19239 |
|
95% |
5.89% variable until 31/03/2026 – Shared Ownership |
£999* |
Purchase |
19235 |
|
95% |
6.14% fixed until 31/03/2026 – Shared Ownership |
£499* |
Purchase |
19233 |
|
95% |
6.49% fixed until 31/03/2026 (CB) – Shared Ownership |
£0 |
Purchase |
19234 |
|
95% |
6.44% fixed until 31/03/2027 – Shared Ownership |
£0 |
Purchase |
19237 |
|
95% |
6.24% fixed until 31/03/2029 – Shared Ownership |
£499* |
Purchase |
19240 |
|
95% |
6.44% fixed until 31/03/2029 (CB) – Shared Ownership |
£0 |
Purchase |
19241 |
* Any fees added to the mortgage cannot exceed 95% LTV.
- No booking fee applies to all products in this update.
- When the initial product rate ends the rate reverts to the Society’s Standard Variable Rate (SVR), currently 6.74% variable, or SVR with a potential reduction determined by your client’s Loan to Value at that time for the rest of the term.
- All products will be charged interest to the date of redemption.
Products being withdrawn
|
Max LTV of borrowers share |
Product Description |
Completion Fee |
Product Type |
Product Code |
|
85% |
6.44% fixed until 31/01/2026 – Shared Ownership |
£0 |
Purchase |
19092 |
|
85% |
6.04% fixed until 31/01/2029 – Shared Ownership |
£0 |
Purchase |
19098 |
|
90% |
6.49% fixed until 31/01/2026 – Shared Ownership |
£0 |
Purchase |
19093 |
|
90% |
6.39% fixed until 31/01/2027 – Shared Ownership |
£0 |
Purchase |
19096 |
|
90% |
6.29% fixed until 31/01/2029 (CB) – Shared Ownership |
£0 |
Purchase |
19099 |
|
95% |
6.59% fixed until 31/01/2026 – Shared Ownership |
£499* |
Purchase |
19094 |
|
95% |
6.94% fixed until 31/01/2026 (CB) – Shared Ownership |
£0 |
Purchase |
19095 |
|
95% |
6.59% fixed until 31/01/2027 – Shared Ownership |
£0 |
Purchase |
19097 |
|
95% |
6.44% fixed until 31/01/2029 (CB) – Shared Ownership |
£0 |
Purchase |
19100 |
Processing your new business DIPs
The deadline for the completion of new business DIPS on the products being withdrawn is 5pm on Thursday 2 November 2023.
If you have already completed a DIP Illustration, pipeline applications will be accepted until 5pm on Thursday 9 November 2023.
Latest News
Keep up to date with our latest product changes, lending criteria and business updates.
Support
Business Relationship Manager Finder
Tools and Sales Aids
Lending and Security key features