Product Blast w/e 24 Jul - Brilliant Solutions

LTVs are generally up but so are rates. Preference to direct channels for a few lenders remain apparent.

LENDER	CHANGE	DETAIL
Accord	CHANGES	Rate increases and product withdrawals.
Barclays	CHANGES	New 2 year fixes but rate increases across higher LTVs
Halifax	CHANGES	Minor changes.
Leeds	INCREASES	Resi price increases and incentives reduced.
Marsden	NEW	Fees free 85% deals and reduced rates at 85%
Metro	NEW	90% LTV for JBSPs.
Newcastle	NEW	Launched Joint Mortgage Sole Proprietor. Withdrawn some 60% products.
NatWest	NEW	A measured return to 85% is announced. Starting with... Direct To Consumer Only... Rate increases.
Nationwide	CHANGE	New 90% LTV, 85% LTV rates up. Other changes introduced.
Skipton	INCREASE	85% 5yr fix rates up.
TSB	CHANGES	Rate increases in new business, rate reductions on PTs.
Virgin	INCREASES	Increase in rates in 65% and 85% rates.

Text summary to be inserted.

LENDER	CHANGE	DETAIL
Foundation	REDUCED	BTL Rates.
Landbay	NEW	Higher LTVs for HMOs and MUFBs abd reduced rates.
Principality	WITHDRAWN	Withdrawn 2 Holiday Let Products at 75% LTV, dropped to 70%.
Nottingham	CHANGES	Various changes in pricing
Pepper	NEW	Re-entered BTL Purchase market

LENDER	CHANGE	TYPE	DETAIL	MORE
UTB	NEW	Secured Loan	Additional percentage of further incomes taken into consideration
Hampshire Trust	NEW	Commercial	Back in Holiday Lets, Increased LTVs and ICRs

This sector sees little in the way of genuine product rate changes and updates. Contact us for further information.

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