Brilliant Solutions

Mortgage Product Update

Product Blast w/e 3 Jul

Update Overview

A great product upgrade in BTL and Resi from Foundation; rates and criteria.  So far we are seeing rate increases on fixed rate funding in addition to the standard tweaking at month end.

Residential Mortgages

LENDER CHANGE DETAIL MORE
Accord CHANGES Numerous minor changes to range.
Barclays CHANGES Numerous minor changes to range inc some rate reductions.
BoI CHANGES Numerous minor changes to range, product refresh.
Clydesdale CHANGES 'Simplified' select discounted and £1m+ product ranges.
Foundation NEW BIG IMPROVEMENTS. CONTACT US.
Halifax CHANGES PT and FA range updates
HSBC INCREASES High LTV fixed rates increased
Ipswich WITHDRAWN 90% LTV withdrawn...
Leeds CHANGES RIO rates cut, other changes.
Melton WITHDRAWN 2yr Shared Ownership Product
Natwest CHANGES Multiple changes in pricing and criteria.
Newcastle NEW New 80% LTV and criteria improvements.
Nottingham NEW New 80% LTV for 10 year fixed rates. Different end dates.
Principality CHANGES Changes to PT products and LTVs
Santander CHANGE Pricing up on 2yr and 5yr fixed at 85% purchase and remortgages, also repricing on retention.
Skipton WITHDRAWN Withdrawn 2yr fixed with no product fee
TSB NEW 5yr Fixed and Flex introduced with 3 yr ERCs
Virgin NEW New Retention - 2yr ERC free trackers

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Buy to Let Mortgages

LENDER CHANGE DETAIL MORE
BM CHANGE Rate cuts on retention LTB and BTL
Foundation NEW SIGNIFICANT IMPROVEMENTS. CONTACT US.
Kent Reliance INCREASES Rate increases
Newcastle CHANGE New 75% and enhanced affordability
Nottingham CHANGE 5yr Ltd Co rates up.
Precise INCREASES 2yr BTL up 0.10% and 5yr up 0.15%
Principality CHANGE Changes in PT Range
Swansea CHANGE Reduced Rates in some BTL and Holiday Let products
TMW WITHDRAWN Some low LTV £zero products

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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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