
Kent Reliance for Intermediaries withdraws from new lending from 17th December
This covers buy-to-let (BTL), residential and Shared Ownership products, plus further advances.

This covers buy-to-let (BTL), residential and Shared Ownership products, plus further advances.

The new products include 2- and 5-year fixed rates and ERC-free tracker options across purchase, remortgage and product transfer ranges.

The changes affect several residential purchase and remortgage products, with no alterations to professional, buy-to-let, or Help to Buy ranges.

The lender will withdraw its 2-year Discount Offset products for new customers, including the 80% loan-to-value (LTV) product at 5.19% for loans under £1m.

Despite this, Santander confirmed that its 2-year fixed rate at 3.99% will remain unchanged.

The rate increases will take effect at 8pm today, Tuesday 12 November, affecting new purchases, remortgages, BTL products, and product transfer rates.

These changes are set to take effect at the close of business on today, Thursday 17 October.

This decision impacts a select range of fixed-rate mortgage products, although there will be no changes to Santander’s residential tracker products, buy-to-let mortgages, or product transfer ranges.

In the residential range, TSB will withdraw certain products, specifically the 3-year fixed First Time Buyer and Home Mover mortgages up to 90% to 95% loan-to-value (LTV) at £1495 and £495 fees.

In its exclusive customer buy-to-let range, the lender will be launching a new 2-year fixed rate with £1,999 fee at 5.60% for loans between £500,000 to £1m,

A major reprice will see a number of rates across both residential and buy-to-let increase by up to 0.30%.

In order to make room for these new rate increases, the lender will be withdrawing a number of its existing buy-to-let rates.
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