Withdrawal of some BTL and large loan products

12th May 2015

On Tuesday 12th May, we have made some changes to our product range, including the removal of some of our Buy to Let and Large Loan products. Our Buy to Let products will have a maximum LTV of 60%. We will also be removing the fee offer products. Our residential products will have a maximum loan size of £999,999.

Please see the full list of withdrawn products below.

We will still be accepting applications for Buy to let properties with an LTV < 60%.

New Buy to Let Products:

• Offset Variable < 60% with a rate of 5.35%

Residential Products Withdrawn:

• 2 Year Fixed (> £1m) < 60% LTV with a rate of 1.89%
• 2 Year Fixed (> £1m) < 75% LTV with a rate of 1.99%
• 5 Year Fixed (> £1m) < 60% LTV with a rate of 2.69%
• 5 Year Fixed (> £1m) < 75% LTV with a rate of 2.79%
• 2 Year Offset Discounted Variable (> £1m) < 75% with a rate of 2.39%
• 2 Year Discounted SVR (> £1m) < 75% with a rate of 2.09%
• Interest Only: 2 Year Fixed (> £1m) < 60% with a rate of 2.09%
• Interest Only: 2 Year Fixed (> £1m) < 75% with a rate of 2.19%
• Interest Only: 5 Year Fixed (> £1m) < 60% with a rate of 2.89%
• Interest Only: 5 Year Fixed (> £1m) < 75% with a rate of 2.99%
• Interest Only: 2 Year Offset Discounted Variable (> £1m) < 75% with a rate of 2.59%
• Interest Only: 2 Year Discounted SVR (> £1m) < 75% with a rate of 2.29%

Buy to Let Products Withdrawn:

• 2 Year Fixed Fee Offer < 60% with a rate of 3.09%
• 2 Year Fixed Fee Offer < 75% with a rate of 3.89%
• 5 Year Fixed Fee Offer < 60% with a rate of 4.09%
• 5 Year Fixed Fee Offer < 75% with a rate of 4.79%
• 2 Year Fixed < 70% with a rate of 3.29%
• 2 Year Fixed < 75% with a rate of 3.39%
• 2 Year Fixed < 80% (C&I) with a rate of 4.79%
• 5 Year Fixed < 70% with a rate of 4.19%
• 5 Year Fixed < 75% with a rate of 4.39%
• 5 Year Fixed < 80% (C&I) with a rate of 4.99%
• Offset Variable < 80% with a rate of 5.35%
• 2 Year Fixed < 60% - Loan £1m < £1.5m 2.59%
• 5 Year Fixed < 60% - Loan £1m < £1.5m 3.79%

New product information is available on our website.

You may use the Bank's Online Application facility to submit cases to us.

For more information please contact your Relationship Partner.