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Now live - Reduced Fixed Rates & Increased LTV's for £1 million plus loans

9th January 2015

Today January 9th we’re introducing some changes to our loans over £1m. All changes are detailed below.

Introduction of new tiers

  • 2 year fixed < 70% ( > £1m) with an initial rate of 2.39%
  • 2 year fixed < 75% ( > £1m) with an initial rate of 2.49%
  • 5 year fixed < 70% ( > £1m) with an initial rate of 2.99%
  • 5 year fixed < 75% ( > £1m) with an initial rate of 3.09%
  • Interest only - 2 year fixed < 70% ( > £1m) with an initial rate of 2.59%
  • Interest only - 2 year fixed < 75% ( > £1m) with an initial rate of 2.69%
  • Interest only - 5 year fixed < 70% ( > £1m) with an initial rate of 3.19%
  • Interest only - 5 year fixed < 75% ( > £1m) with an initial rate of 3.29%

Pricing changes

  • 2 year fixed < 60% ( > £1m) with an initial rate of 2.19%
  • 5 year fixed < 60% ( > £1m) with an initial rate of 2.94%
  • Interest only - 2 year fixed < 60% ( > £1m) with an initial rate of 2.39%
  • Interest only - 5 year fixed < 60% ( > £1m) with an initial rate of 3.14%

We are changing the tier on the following products from < 60% to < 75%

  • 2 year offset discount < 75% ( > £1m) with an initial rate of 2.89%
  • 2 year discounted SVR < 75% ( > £1m) with an initial rate of 2.69%
  • Interest only – 2 year offset discount < 75% ( > £1m) with an initial rate of 3.09%
  • Interest only – 2 year discounted SVR < 75% ( > £1m) with an initial rate of 2.89%

New product information is now available on our website.

To assist you with pipeline cases you may have, we will accept applications on the withdrawn rates until 5.00pm today January 9th.

Cases received after this time/date will not be accepted. You may use the Banks online application facility to submit cases to us.

For more information please contact your relationship partner.

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