Product Updates Effective 04/07/2023
Products being withdrawn
|
LTV |
Product Description |
Completion Fee |
Product Type |
Product Code |
|
60% |
5.44% fixed until 30/11/2026 – Interest Only |
£999 |
Purchase |
18966 |
|
60% |
5.24% fixed until 30/11/2028 – Interest Only |
£999 |
Purchase |
18975 |
|
75% |
5.44% fixed until 30/11/2026 |
£999 |
Purchase |
18960 |
|
75% |
5.59% fixed until 30/11/2026 |
£0 |
Purchase |
18961 |
|
75% |
5.24% fixed until 30/11/2028 |
£999 |
Purchase |
18969 |
|
75% |
5.34% fixed until 30/11/2028 |
£0 |
Purchase |
18970 |
|
90% |
4.94% variable until 31/08/2025 |
£0 |
Purchase |
18799 |
|
60% |
5.49% fixed until 30/11/2026 (CB) – Interest Only |
£999 |
Remortgage |
18967 |
|
60% |
5.29% fixed until 30/11/2028 – Interest Only (CB) |
£999 |
Remortgage |
18976 |
|
75% |
5.29% fixed until 30/11/2028 (CB) |
£999 |
Remortgage |
18977 |
|
75% |
5.39% fixed until 30/11/2028 (CB) |
£0 |
Remortgage |
18978 |
|
75% |
5.49% fixed until 30/11/2026 (CB) |
£999 |
Remortgage |
18968 |
|
80% |
4.74% variable until 31/08/2025 (CB) |
£0 |
Remortgage |
18800 |
- No booking fee applies to all products in this update.
- A product floor rate applies to all discounted products which is set to a standard rate of 2.50% during the discounted period.
- When the initial product rate ends the rate reverts to the Society’s Standard Variable Rate (SVR), currently 6.24% 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.
Processing your new business DIPs
The deadline for the completion of new business DIPs on the products being withdrawn is close of business Monday 3 July 2023.
If you have already completed a DIP Illustration, pipeline applications will be accepted until close of business Monday 10 July 2023.
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