Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Strategy. Read the original article for full details.
Fleet hikes product transfer rates as Vida withdraws range
Fleet Mortgages is increasing fixed rate product transfer rates from 5pm today, 17 September 2026, while Vida Homeloans will withdraw its new business and product transfer range at 11.59pm tonight. Both lenders have set deadlines for intermediaries to secure existing products before the changes take effect.
Fleet Mortgages repricing product transfer range
Fleet Mortgages is repricing its fixed rate product transfer products from 5pm today, 17 September 2026, following product changes introduced last week.
Rates for its two-year fixed rate standard, limited company and HMO/MUFB product transfer products will increase by 20bps. Rates for its five-year fixed rate standard, limited company and HMO/MUFB product transfer products will increase by 10bps.
The lender said there are no changes to its core new business product range, and its product transfer tracker products will remain unchanged. To secure a product from the existing product transfer range, all KFI requests must be submitted by 5pm on 17 September 2026.
Vida Homeloans range withdrawal and relaunch
Vida Homeloans has given advance notice that it will withdraw its new business and product transfer mortgage range at 11.59pm on 17 September, before relaunching a new range on the morning of 18 September.
Under its transition arrangements, Vida said that to ensure cases can progress as smoothly as possible, decisions in principle with a product selected must be completed, all fees paid, mandatory documents uploaded, and the case progressed to the 'application received' stage by 11.59pm on Thursday 17 September. Without these steps completed, Vida said it may not be able to progress the case and may have to return it to the DIP stage.
The lender also noted that the customer must be present or have access to their own phone when the fee is paid, as this will be required for payment verification or authentication purposes. Vida added that Pathway products do not have the £195 assessment fee payable for a limited time.
Wider market movement
Yesterday, Aldermore, Foundation and The Mortgage Works announced changes to their product ranges this week, with several rates being increased and some products withdrawn altogether.
What this means for agents and clerks
With several specialist and buy-to-let-focused lenders adjusting rates and withdrawing products in quick succession, landlords approaching the end of fixed deals may face tighter deadlines to secure product transfers. Letting agents advising landlords on remortgage or product transfer timing should be aware that cases not meeting lender deadlines risk being returned to the DIP stage, potentially delaying completions and tenancy planning.
Source: Mortgage Strategy