Notices

  • Our Windfall Bond is available for new account openings, offering interest at the Bank of England Bank Rate and entry into a monthly free prize draw with more prizes available now determined by the prize fund value. Find out more here

    Newly opened accounts need to be fully funded and nominated bank details registered before the end of September in order to qualify for entry into the November Prize Draw.

  • Mortgage products - On Friday 20 September we made changes to our Buy to Let mortgage product range. Our BTL Limited Company 5 Year Fixed Rate product (XF0898) has been withdrawn without replacement, and we've launched a new BTL UK Landlord 5 Year Fixed Rate product. Further information can be found here.

    On 19 September 2024, we reduced our Managed Mortgage Rates (MMR) by 0.25%. All on-sale discounted variable product rates and other details, including representative examples displayed on our website, have been updated to reflect these lower rates. We have written to existing customers who have been impacted by this change, with details relevant to them. Find out full details here.

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