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Mortgage Product Update

Product Blast w/e 10 Jul

Update Overview

Accord dive back into Northern Ireland but out of 90% LTV FTB mortgages.  Bucks expand their family assist range and significant criteria updates from Halifax and Virgin Money. Ipswich out of BTL. 

Residential Mortgages

LENDER CHANGE DETAIL MORE
Accord CHANGES Withdrawal from 90% LTV FTB but entering Northern Ireland.
Buckinghamshire CHANGES Enhancements to their family assist range
Cambridge WITHDRAWN Some 2yr fixed and discounts
Furness NEW New 95% range for local residents.
Halifax CHANGES Many criteria changed on income.
Leeds CHANGES Minor changes and withdrawals.
Monmouth WITHDRAWN 2yr and 5yr 90% Deals
Newcastle CHANGES Rate reductions and improvements to range up to 80% LTV.
Principality CHANGES Changes to income and affordability criteria. Rate increases.
Santander CHANGE The £250 cashback element has been removed from the 85% Purchases
Skipton CHANGES Rate increases of up to 0.21% and end dated changed on products to Oct or Dec
Saffron CHANGES Lender fees halved on Self-Build
Virgin CHANGES Adverse credit criteria materially changed.

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Buy to Let Mortgages

LENDER CHANGE DETAIL MORE
Ipswich WITHDRAWN All BTL, Ex-PAT BTL, Boliday let etc.
Metro REDUCED Rates on 75% LTV BTL.
Principality INCREASES Rates up or fees up.
Skipton CHANGE Reduced rates by up to 0.15%

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Secured Loans, Bridging & Development, Commercial Mortgages

LENDER CHANGE TYPE DETAIL MORE
Optimum NEW Secured Loan Will now offer further advances. This lender offers 95% LTV.

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

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