Landbay has released an intermediary update. Check their Product Guide or Lending Criteria for further details or visit their Broker Portal. You can access Landbay products, using the Brilliant Solutions direct to lender mortgage club and receive payment on completion. Contact us for further information.
Rate Increase
We are increasing rates tonight due to increases in SWAP rates. The new product guide is attached, they will be live tomorrow morning. Selected products will be increasing (65 in total)
- 2y fixed going up by 25bps (20 products)
- 5y fixed going up by 20bps (45 products)
The usual process follows – brokers who have products selected in the system will have 48 hours (until midnight Wednesday 9th October) to get cases submitted, fees paid & the application accepted by all applicants. Brokers affected will be contacted by their BDM tomorrow. Wider communication will be sent to brokers tomorrow also.