Intermediary News

HPP product rates reduced, and 90% FTV & 2 year HPP products reintroduced

We are delighted to announce that today we have introduced a number of changes to our Home Purchase Plan (HPP) product range for both new and existing customers, details of which are outlined below:

  • All HPP products are reduced by 0.50%, regardless of finance amount, FTV or residency
  • 2 year HPP products reintroduced for UK Expat and International residents
  • 90% FTV reintroduced for UK residents requiring up to £500k maximum finance and available for purchase or refinance purposes (terms apply)
  • For customers at the end of their fixed rate period, Product Transfer rental rates are available at 0.50% below the new business rental rates

If an existing applicant wishes to take advantage of a lower rental rate, change the initial term or to move from an 80% product to the 90% FTV product, they will need to submit a new application and pay a new application fee. The same process will apply to any customer with an existing Offer that wishes to move to a different product or lower rental rate. In most cases this will also involve the need to pay for a new valuation.

Our product range is available to UK residents, UK Expats, International residents and UK registered corporate entities looking to purchase or refinance property in England and Wales. Our full range of products can be found here.

To review our current service levels, click here .

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.