Earl Shilton Building Society (ESBS) has an announcement, you can view it here. Contact our team to discuss any cases or criteria in detail across their full range or visit their website here. To log onto their Broker Portal click here.
Announcement
Product Changes
We are writing to advise you of the following changes which will be effective from 1st June 2023:
- The Society will be increasing its Standard Variable Rate to 7.49%
Various New Product Codes, and changes to discounts applied, as detailed on the Product Guide
o Product 276 is now 293 and the discount has increased to 1.50%
o Product 269 is now 294 and the discount has increased to 1.85%
o Product 270 is now 295 and the discount has increased to 2.05%
o Product 271 is now 296 and the discount has increased to 2.25%
o Product 272 is now 297 and the discount has increased to 1.00%
o Product 273 is now 298 and the discount has increased to 2.50%
o Product 274 is now 299 and the discount has increased to 2.50%
o Product 284 is now 300 and the discount has increased to 2.25%. Also on this product, the £999 arrangement fee has been removed
o Product 268 is now 301 and the discount has increased to 1.30%
Increase in our maximum loan size (unless product specific) to £1,000,000 from £750,000
Where self-employed, we will now accept two years accounts, reduced from three years. Where the business has been trading for less than two years, one years’ accounts plus one year’s projection will be considered
Changes have also been made to our Retention Products:
o Product 291 (previously 286) is now 303 and the discount has increased to 3.00%
o Product 292 (previously 287) is now 306 and the discount has increased to 3.25%
o Product 290 is now 305 and, whilst the fixed element remains at 4.99%, the follow-on discount has increased to 2.50%
Our Mortgage Product Fair Value and Target Market Assessment will be updated on 1st June