Helping you prepare for MMR
As applications currently with us, and those submitted in the coming weeks, may still be in our processing pipeline post MMR, read on to find some key information on how those applications could be affected. We've also provided some 'Top Tips' to ensure the transition of your pipline business is as smooth as possible for you and your clients.
UK house prices increased by 0.7% in January and were 8.8% higher than January 2013 but still around 4% below their 2007 peak with the average house price now £176,491. Read the full report for more details.
Selected fixed and tracker rate increases
With effect from Wednesday 5 February 2014 all 3 year fixed rate products will increase by 0.10%, all 5 year fixed rate products will increase by 0.10%, all 75% and 85% LTV products will increase by a further 0.10%, and all 90% LTV products by a further 0.20%..
Improved 95% LTV product range for existing borrowers
We will be making changes to our products on Friday 24 January 2014 including 3 and 5 year 95% LTV fixed rates reduced by 0.30%, starting from 5.19% available to existing borrowers purchasing and new 2 year fixed rates at 95% LTV, starting from 4.89% available to existing borrowers purchasing.