Advance notice of 95% FTV Home Purchase Plan product withdrawal
We are today giving brokers advance notice that following a review, the decision has been taken to withdraw our 95% FTV Home Purchase Plan (HPP) products.
This change will take effect from Wednesday, 18 May 2022. Any new 95% FTV HPP DIPs submitted via our online portal, before 11.59pm on Tuesday 17 May 2022, will be accepted and managed in line with our usual process. The Bank will honour all existing DIPs for these products, however any you wish to progress must proceed to a fully packaged application, including the customer's signature, prior to the DIP expiry date.
We apologise for any inconvenience this may cause.
The table below shows all products that are being withdrawn:
|Product & code||Initial Rental Rate|
|Fixed for 2 years (GHFU557)||4.40%|
|Fixed for 5 years (GHFU559)||4.65%|
|Fixed for 2 years (HFU433)||4.50%|
|Fixed for 5 years (HFU435)||4.75%|
Please note, to provide advice on HPP products you are required to hold specific HPP permissions with the FCA.
If you have any queries or require further information our team remains available via phone and email, details of which can be found here.
Thank you for your continued support.