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Product Blast w/e – 30 September 2022

By / 30th September 2022 / Product Updates

Product Blast sponsored by Precise Mortgages

Update Overview

Due to the market interest rate volatility this week we have seen a large number of lenders withdraw fixed rates, increase rates and pull entire product ranges. Foundation Home Loans have introduced new credit criteria and introduced a new tier of products.

This Week's Updates

LENDER TYPE DETAIL MORE
Accord BTL RESI WITHDRAWN - BTL & RESI new business products
Aldermore BTL RESI CHANGES - Rate increases and withdrawals
Bath BTL RESI WITHDRAWN -Fixed rate products across various product ranges
Barclays BTL RESI CHANGES - withdrawn various fixed rates. Increase in fixed rates for new lending for BTL and residential
Bluestone BTL RESI WITHDRAWN - All products temporary
Clydesdale BTL RESI WITHDRAWN - range of fixed rate products and all product for new customers
Family BTL RESI CHANGES - withdrawn all fixed rate products. Extension available to some pre and post offer applications
Fleet BTL CHANGES - all 5 year fixed rates withdrawn and increases across fixed rate product ranges
Foundation RESI CHANGES - Enhanced credit criteria with new tier products. Product refresh of BTL rates. Reduction for 2 year discount rates for BTL
H&R BTL RESI CHANGES - To standard variable rates
HTB BTL COMM WITHDRAWN - All mortgage products
Hodge BTL RESI CHANGES- withdrawn existing BTL range of products residential and holiday let BTL products. Changes to minimum equity for 50+ Interest Only products
Interbay BTL COMM WITHDRAWN - 65% commercial & semi commercial, 75% LTV BTL and all holiday let products
Kent Reliance BTL RESI WITHDRAWN - 75% & 85% LTV BTL products. All income flexibility and shared ownership products and 75% & 85% LTV core and extra flexibility products
Kensington BTL RESI WITHDRAWN - All 70% , 75%, 80%, 90% and 95% LTV BTL & Resi products.
Lendinvest BTL RESI CHANGES - To BTL product ranges
Livemore RESI WITHDRAWN -all fixed rate products
Landbay BTL WITHDRAWN - All Fixed Rates
Leeds BTL RESI WITHDRAWN - 60% LTV Holiday Let products and various product ranges
Melton RESI WITHDRAWN -all standard resi fixed rate products below 90% LTV
MPowered BTL WITHDRAWN - Range of products from BTL range
Metro BTL RESI INCREASES - to rates across product ranges
Nationwide RESI INCREASES - to rates across new and existing borrower product ranges
Newcastle RESI CHANGES - Increase in SVR from 1st October. Withdrawal of existing customer range, self build, and selected product from other ranges
Norton BTL RESI REDUCTION - in communication fee
Pepper BTL RESI WITHDRAWAL - of products across ranges
Principality RESI WITHDRAWN -all fixed rate products
Progressive RESI WITHDRAWN - all fixed rate products
Precise BTL RESI WITHDRAWN - Various product ranges from BTL & RESI
Saffron BTL RESI INCREASE - SVR rate
Skipton BTL RESI WITHDRAWN - various fixed rates across product ranges
Santander BTL RESI CHANGES - affordability assessment updated and new accountants certificate. Withdrawal of fixed rates across various product ranges
Shawbrook BTL RESI CHANGES - To rates across product ranges
Suffolk BTL RESI WITHDRAWN - Selected fixed rates
Together BTL RESI WITHDRAWN - fixed rates across product ranges
TMW RESI CHANGES - fixed rate products withdrawn and reintroduced
TSB BTL RESI WITHDRAWN - Fixed rates from BTL & RESI ranges
UTB BTL RESI INCREASED - to fixed rates over product ranges
Vida BTL RESI WITHDRAWN - all products for new & existing customers
Virgin BTL RESI CHANGES- Fixed rate products withdrawn and new product range launched for new customers
West One BTL CHANGES - withdrawn fixed rate BTL products. Stand Variable Rate increase from 29th September
Zephyr BTL WITHDRAWN - full product ranges
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