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Product changes: repriced 90% LTV deals plus a new 5-year fixed rate and back in business for fixed rate holiday let

We have reduced the rates on our 2-year 90% LTV standard residential mortgages, and are launching a brand new, 5-year fixed rate also at 90% LTV. Designed for first time buyers or existing homeowners with a smaller deposit or equity, these deals are available for both purchase and remortgage cases.

As we all hope to safely emerge from lockdown in the coming months, recent measures implemented by the Government around foreign travel looks to cement demand for the Great British staycation again this year so we are also introducing a new, fixed rate 2-year holiday let product to complement our existing discount deal.


The following products are all available at 90% LTV with a minimum loan of £25,000, a maximum loan of £500,000, application fee of £199 and completion fee of £800:

  • 2-year discounted rate repriced from 3.50% to 2.99%
  • 2-year fixed rate, repriced from 3.75% to 3.25%
  • 5-year fixed rate at 3.45%

These products are not available to applicants who are self-employed or on furlough, or to mortgage holders currently on a payment deferral with their existing lender. In addition, applicants who have taken a payment deferral on their existing mortgage or have been furloughed since 30 September 2020 are not eligible. Any applicants furloughed prior to this date must have now returned to work full time.

Holiday let

The following product is all available at 80% LTV with a minimum loan of £75,000, a maximum loan of £500,000, application fee of £199 and completion fee of £950:

  • 2-year fixed rate at 4.10%

All products offer our 50% fee free overpayment facility as standard. Remortgage applicants can benefit from a free valuation and access to fee assisted legals.