Notices

  • Savings products - In preparation of the launch of our new and improved Online Service we have temporarily withdrawn online applications for all our savings products. You can still apply for these products by post or in branch. All savings products will be available to apply online from 12 May. We apologise for any inconvenience this may cause.

  • We’ll shortly be making some changes to our Online Service to make it simpler and easier for you to use.  

    Our new Online Service will have a modern design, improved navigation and many added benefits.  

    Find out more about the changes

  • Mortgage products - On Wednesday 23 April, we made changes to our mortgage product range. These include rate adjustments across our fixed rate products, and an increase to our Owner Occupier Joint Borrower Sole Proprietor maximum LTV to up to 90% (with no additional security required) for loans up to £500,000.

  • Online Service update. Due to planned essential maintenance our Online Service will be unavailable from 6pm until 12am on Wednesday 7 May. Our Online Service will also be unavailable between 5.30pm on Friday 9 May until 9am on Monday 12 May. We apologise for any inconvenience this may cause.

Stamp duty holiday research report

Our latest research in conjunction with the London School of Economics (LSE)

Our latest report looks into the impact of the stamp duty holiday, that was introduced
by the Government in July 2020. This academic study investigates the affects on the 
UK housing market and the UK economy in general.

Some of the key findings include;

  • In the first quarter of 2021 there were 50% more transactions than in the first
    quarter of 2020, ie before the pandemic struck
  • The £500,000 ceiling covers up to 90% of purchases
  • The holiday supports the Government’s levelling up agenda, given that house prices
    are higher in London and the South East
  • Increased transactions mean better use of the housing stock.

Download a copy of our CEOs foreword

Download a copy of the Exec Summary

Download a copy of the full report here

LSE Stamp Duty holiday report 2021 cover