Brilliant Solutions

NEW OPENING HOURS –  Office now closes 5pm on Friday

The Brilliant Loans direct number, 01792 277 277,  is not currently working.

Please Call us via Brilliant Solutions on 01792 277 555, option 3

We hope to resolve this asap. Apologies for the inconvenience.

 

In honour of Her Majesty Queen Elizabeth II our offices will be closed on Monday 19th September while our staff pay their respects.

The office will re-open at 9am on Tuesday 20th September.

HSBC Update

By / 3rd October 2024 / Product Updates, Residential / ,

See the latest announcement from HSBC below.  Note that you can access HSBC via the Brilliant Solutions mortgage club but the lender does place some restrictions on access. Contact us for details.  

HSBC Mortgage Product Guides are available here but check the date to ensure it has been updated to reflect the announcements below.

We’ve improved our Foreign National policy

Good news – we’ve made a number of enhancements to our Residential lending policy for Foreign Nationals.

With immediate effect, the following changes have now been implemented:

Where any applicant is a UK National or Foreign National with Indefinite Leave to Remain (ILR), Standard lending criteria applies, up to 95% LTV. Visa evidence will still be required for all Foreign National customers. 

• Any application(s) that does not fit the above criteria, the following new criteria will apply:
• Applicant(s) has an ‘acceptable’ visa type
• Max LTV increased from 75% to 85%
• Applicant(s) has lived in the UK for at least 12 months, OR
• Applicant has a minimum income of £75,000 per annum or a joint income of £100,000 per annum (excluding variable income)
• There is no longer a requirement for a Foreign National without ILR to have 1 year remaining on their visa (as long as they have an ‘acceptable’ visa type)
• We will now accept debt consolidation applications (subject to our Standard lending criteria).


Please note, we still require the following additional supporting documents for all Foreign National customers who have lived in the UK less than 12 months:

• Credit report from the previous country of residence 
• Latest three months bank statements
• Three months payslips. 
We’re reducing our mortgage products

With effect from Thursday 3rd October, we’ll be making a number of reductions across our residential and Buy to Let (BTL) mortgage product ranges.

Summary of changes:

We are introducing a new high value mortgage range from £2,000,000.01, with a £1,999 booking fee across our Homemover, First Time Buyer and Remortgage ranges at 60%, 70% and 75% LTV.

Existing residential customer switching

·        2 Year Fixed Fee Saver at 70%, 75%, 80%, 85%, 90% and 95% LTV decreasing

·        2 & 5 Year Fixed Standard 60%, 70%, 75%, 80%, 85% and 90% LTV decreasing

·        3 & 10 Year Fixed Fee Saver at 60%, 70%, and 75% LTV decreasing

·        3 & 10 Year Fixed Standard 60%, 70%, and 75% LTV decreasing

·        5 Year Fixed Fee Saver at 60%, 80%, 85%, 90% and 95% LTV decreasing

·        5 Year Fixed Premier Exclusive at 60%, 70%, 75%, 80%, 85% and 90% LTV decreasing

Existing residential borrowing more

·        2 Year Fixed Fee Saver at 70%, 75%, 80%, 85% and 90% LTV decreasing

·        2 & 5 Year Fixed Standard 60%, 70%, 75%, 80%, 85% and 90% LTV decreasing

·        3 & 10 Year Fixed Fee Saver at 60%, 70%, and 75% LTV decreasing

·        3 & 10 Year Fixed Standard 60%, 70%, and 75% LTV decreasing

·        5 Year Fixed Fee Saver at 60%, 80%, 85% and 90% LTV decreasing

·        5 Year Fixed Premier Exclusive at 60%, 70%, 75%, 80%, 85% and 90% LTV decreasing

Residential First Time Buyer / Home mover

·        2 & 5 Year Fixed Fee Saver at 80%, 85%, 90% and 95% LTV decreasing

·        2 & 5 Year Fixed Standard at 80%, 85% and 90% LTV decreasing

·        5 Year Fixed Premier Exclusive at 80%, 85% and 90% LTV decreasing

Residential First Time Buyer / Home mover Energy Efficient Home 

(A & B EPC Rated Properties)

·        2 & 5 Year Fixed Fee Saver at 80%, 85%, 90% and 95% LTV decreasing

·        2 & 5 Year Fixed Standard at 80%, 85% and 90% LTV decreasing

·        5 Year Fixed Premier Exclusive at 80%, 85% and 90% LTV decreasing

Residential Remortgage

·        2 & 5 Year Fixed Fee Saver at 60%, 70%, 75%, 80%, 85% and 90% LTV decreasing

·        2 & 5 Year Fixed Standard at 60%, 70%, 75%, 80%, 85% and 90% LTV decreasing

·        5 Year Fixed Premier Exclusive at 60%, 70%, 75%, 80%, 85% and 90% LTV decreasing

Residential Remortgage Energy Efficient Home (A & B EPC Rated Properties)

·        2 & 5 Year Fixed Fee Saver at 60%, 70%, 75%, 80%, 85% and 90% LTV decreasing

·        2 & 5 Year Fixed Standard at 60%, 70%, 75%, 80%, 85% and 90% LTV decreasing

·        5 Year Fixed Premier Exclusive at 60%, 70%, 75%, 80%, 85% and 90% LTV decreasing

Residential Remortgage Cashback

·        2 & 5 Year Fixed Fee Saver at 60%, 70%, 75%, 80%, 85% and 90% LTV decreasing

·        2 & 5 Year Fixed Standard at 60%, 70%, 75%, 80%, 85% and 90% LTV decreasing

BTL existing customer switching / Borrowing more

·        5 Year Fixed Fee Saver at 60% and 65% LTV decreasing

·        5 Year Fixed Standard at 60% and 65% LTV decreasing

BTL Purchase

·        2 Year Fixed £3,999 Standard at 60%, 65% and 75% LTV decreasing

·        5 Year Fixed £3,999 Standard at 60%, 65% and 75% LTV decreasing

BTL Remortgage

·        2 & 5 Year Fixed £3,999 Standard at 60%, 65% and 75% LTV decreasing

·        5 Year Fixed Fee Saver at 60% and 65% LTV decreasing

·        5 Year Fixed £1,999 Standard at 60%, 65% and 75% LTV decreasing 

International*

 International Residential

·        2, 3, 5 & 10 Year Fixed Fee Saver at 60%, 70% and 75% LTV decreasing

·        2, 3, 5 & 10 Year Fixed Standard at 60%, 70% and 75% LTV decreasing

·        5 Year Fixed Premier Exclusive at 60%, 70% and 75% LTV decreasing

International BTL

·        5 Year Fixed Fee Saver at 60% and 65%LTV decreasing

    There are no further changes to any other interest rates at this time.

 Further information

·        Use our ‘Chat with us’ service to request a rate change on an existing mortgage application. Please note, due to increasing demand, wait times may be longer than usual. 

·        To secure existing product codes, please submit applications in full by midnight, Wednesday 2nd October.

·        All evidential and supporting documentation must be provided within 30 calendar days of submission.

·        The product finder tool and sourcing systems will be updated for Thursday 3rd October.

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