Brilliant Solutions

The office will be closed from 5pm today for staff training, open as normal tomorrow. 

Our office will be closed from 5pm Thursday, 20th October to 9am Friday, 21st October.
If you have any cases or enquiries that this may affect, please contact our team today. We apologise for any inconvenience.

We are currently experiencing some technical issues that are affecting our telephone lines and internet connection.

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.

Product Blast w/e 03/11/23

By / 2nd November 2023 / Product Updates

Product Blast sponsored by Precise Mortgages

Update Overview

For the second meeting running, the Bank of England this week remained unchanged at 5.25%.  The week has also brought us an array of product reductions, new product launches and criteria enhancements.

Molo introduce a new solution to help the buy to let mortgage market with their new affordability assessment. 

West One made a series of reductions to their 2 and 5 year fixed rate Second Charge buy to let products. While also making some criteria changes to their First Charge Buy to Let products and launch new products to the Complex range.

This Week's Updates

LENDER TYPE DETAIL MORE
Barclays RESI CHANGES - Improvement to Loan to Income multiples. Reduction to a selection of 2 yr fixed rates.
Central Trust BTL, RESI CHANGES - Enhancements to Criteria
Coventry BTL, RESI REDUCTION - To 5 yr Resi and BTL fixed rates.
Foundation BTL CHANGES - Reductions to selected BTL Special products. New F1 & F2 5 yr fixed rate product.
Gatehouse BTL CHANGES -To BTL criteria
Gen H RESI REDUCTION - To select 2 & 3 yr fixed rate & 85% LTV Resi products.
Hodge RESI REDUCTION - To 2 & 5 yr RIO fixed rate products.
HSBC BTL, RESI CHANGES - Reductions to select 2, 3, 5 & 10 yr fixed rate & 2 yr tracker Resi products. New 2 yr fixed Fee Saver products
Kent Reliance BTL, RESI CHANGES - Reduction to select BTL 5 yr fixed rate products. Reintroduction of the Resi Income Flexibility product range.
Leeds RESI CHANGES - Withdrawal of select 2 yr fixed rate new lending and existing customer products. Reduction to selected fixed rate across Resi new lending and existing customer product ranges.
LendInvest BTL NEW - Large HMO and MFUB products.
Molo BTL CHANGES - New affordability assessments to support mortgage payments.
Santander BTL NEW - 3 yr BTL fixed rate product range.
Suffolk RESI CHANGES - Reduction to 90% LTV products. Reduction in max loan to select resi & resi expat IO products. New Eco Self-Build products.
TMW BTL REDUCTION - To selected rates across New Business and Switcher products.
Vida RESI NEW - 7yr fixed rate 90% LTV Resi Products.
Virgin BTL, RESI CHANGES - New 2 & 5 yr fixed rate remortgage and purchase Resi products. Reductions to 90% LTV purchase exclusives, BTL Portfolio remortgage & purchase exclusives, select product transfer fixed rates, select Core purchase and remortgage fixed rates & select purchase and remortgage Freedom to Fix rates.
West One BTL CHANGES - Reduction to selected 2 & 5 yr BTL 2nd charge fixed rates. New products added to Complex range for foreign nationals and FTB. Changes to criteria for ex local authority properties, investor-led properties, sub-let agreements and clients with no mortgage history.
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