Here is the latest update from Fleet Mortgages. For details see their latest product guide. Their Lending Criteria Guide is available here. Remember, you can access these products through our direct to lender mortgage club to get the benefits of payment on completion as well access their mortgages through our fees free packager team. Register with Fleet here
Updated Tracker Products Following BBR Increase to 5.25%
Following this afternoon’s BBR increase to 5.25%, we are writing to let you know that we are updating our tracker products. Our replacement tracker products will go live at 09:00am on Friday 4th August 2023.
Please find below a summary of the key changes:
- BBR increased to 5.25%
- Standard Tracker and Green Tracker products updated
- ERC end dates of Tracker products removed
- Due to a 25 bps increase to BBR, stress rates have been changed accordingly