This includes realigning the rates on some of its remortgage products with the equivalent purchase products.
In the core range, the rates on its two-year fixed rate 70% and 80% LTV remortgages have been realigned to the equivalent purchase product rates.
The 70% LTV remortgage has been reduced by 0.10% to 3.50% and the 80% LTV remortgage has been reduced by 0.50% to 5.29%. Its two- year fixed rate 80% LTV purchase product has increased by 0.10% to 5.29% with the two-year tracker and five year fixed rate 60% LTV mortgages increasing by 0.20%.
In its corporate range it has reduced and aligned the rates on both its two-year fixed rate 75% LTV purchase and remortgage products to 3.64%
It has increased the rates on its two year fixed rate 60% LTV purchase and remortgage products and the two year tracker 60% LTV remortgage by 0.20%.
Overpayments of up to 10% of the outstanding balance per annum are allowed during the initial deal period. ERC applies. We won’t charge you basic legal or valuation fees for a standard residential remortgage.