Brilliant Solutions

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In honour of Her Majesty Queen Elizabeth II our offices will be closed on Monday 19th September while our staff pay their respects.

The office will re-open at 9am on Tuesday 20th September.

Product Blast w/e 25 March 2022

By / 25th March 2022 / Product Updates

Product Blast sponsored by Precise

Update Overview

This week we can see Barclays have increased their Part & Part LTV while TSB have reintroduced and launched a handful of different products. There are many rate increases this week which appear to mainly be due to the most recent Bank of England base rate increase.

This Week's Updates

LENDER TYPE DETAIL MORE
Aldermore BTL RESI CHANGES - Aldermore Managed Rate (AMR)* increased from 4.98% to 5.23% due to BoE base rate increase. New 5 yr fixed BTL product launched
Barclays RESI CHANGES - Part & Part LTV increased from 80% to 85%
Clydesdale BTL RESI CHANGES - several rates increased across select ranges. All Exclusive 90% LTV fixed rates with £1,999 fee available to existing customers withdrawn
Coventry RESI INCREASES - rates increased across several product ranges
Foundation BTL CHANGES - BTL Fee Assisted Products launched
Hodge BTL REDUCTIONS - 5 yr fixed rates reduced
Leeds RESI CHANGES - selected Residential, Interest Only, RTB & HTB fixed rates withdrawn. Select rates increased & new products launched
MBS BTL CHANGES - 4 Holiday BTL products withdrawn & relaunched
Nationwide RESI INCREASES - new business tracker rates increased due to BoE base rate increase
Nottingham BTL RESI CHANGES - 6 resi & RIO products launched & a further 4 products withdrawn. 6 Ltd Co BTL products replaced
Santander BTL RESI CHANGES - several new products launched & select rates increased
Shawbrook BRI REDUCTIONS - Unregulated Bridging rates reduced by 0.10% for loans over £1m - rates now start from 0.40% pm
TML RESI NEW - Lumi range launched
Together BRI BTL RESI CHANGES - application process simplified & Personal Finance products updated. Bridging rates reduced. Prime Plus, Prime and Progress options introduced. Percentage uplift per demerit & rate uplift across all Interest Only fixed rate products removed
TSB BTL RESI CHANGES - 5 yr Fixed, New Build Shared Ownership FTB & House Purchase range reintroduced. 2 yr Tracker, Rate Switch range introduced for Resi & BTL. BTL 2 & 5 yr Fixed, 0-80% LTV, £995 fee, House Purchase & Remortgage reintroduced. Several rate increases across select product ranges
TMW BTL RESI INCREASES - rates increased across New Business & Switcher product ranges. New Tracker products launched
Vida BTL RESI WITHDRAWALS - all Vida 1, 2 & 3 tier products withdrawn
Virgin BTL RESI INCREASES - several rates increased across several ranges
West One BTL INCREASES - interest rates on lifetime tracker products increasing due to BoE base rate increase
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    01792 277 555

    INTERMEDIARIES ONLY

    Office Hours:  09:00 – 17:30 Monday – Friday

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