Brilliant Solutions

CHRISTMAS OPENING HOURS – the office will close on Monday 23rd December at 5:30 pm and will re-open on Thursday 2nd January 2025 at 9 am

Office now closes 5pm on Fridays

CHRISTMAS OPENING HOURS – the office will close on Monday 23rd December at 5:30 pm and will re-open on Thursday 2nd January 2025 at 9 am

 

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.

Mortgage Product Update

Product Blast w/e 04 Dec

By / 3rd December 2020 / Product Updates

Update Overview

This week we see a number of lenders introducing new higher LTV products to their product ranges.  A number of lenders have made changes to their minimum ICR policy.  New product ranges have been launched by Pepper, Precise, Interbay, Foundation and TSB.

This Week's Updates

LENDER TYPE DETAIL MORE
Accord RESI INCREASES - across residential product transfers and additional loan ranges
Aldermore RESI NEW - 90% LTV product
Barclays RESI CHANGES - new premier exclusive products. Withdrawal of a small range of products. Increased rates on various residential, purchase only products
BM Solutions BTL INCREASES - across product ranges & extended end dates
Buckinghamshire BS BTL, RESI CHANGES - rate changes & end date extensions made across various products
Coventry BTL CHANGES - reduction to stress rate for portfolio calculations & increasing minimum portfolio ICR from 125% to 145%. Product refresh due 8th December.
Foundation BTL, RESI NEW - 2 & 5 yr fixed BTL products with reduced upfront costs. Early remortgage HMO product. 80% LTV fees assisted residential remortgage range.
Godiva BTL CHANGES -to minimum ICR policy.
Halifax RESI CHANGES - rate changes to selected remortgage products. End dates extended for direct, BTL & further advance products to April.
Harpenden BTL, RESI WITHDRAWN - Holiday home and second home products
Hinckley & Rugby BTL, RESI DECREASES - on selected products
HTB BTL INCREASES - to rates for loans from £100k to £200k
Interbay BTL NEW - 65% LTV Commercial product range
Ipswich BS RESI WITHDRAWN - selected products across residential range
Kensington RESI CHANGES - increasing loan sizes on residential products to £80k & withdrawing all RTB & residential core range products
Leeds BTL CHANGES - new reduced rates for selected BTL & portfolio BTL products. New fixed rates for BTL, Portfolio BTL, Holiday Let and Second Home introduced.
Nationwide RESI CHANGES - new 90% LTV products. Changes to gifted deposit allowance. New residential further advance products
Natwest BTL, RESI CHANGES - updated employment policy & evidence of income.
Newcastle RESI NEW - 2 yr 85% LTV residential products. Reduced SVR to 3.96%
Nottingham BTL, RESI CHANGES - reduction in rates to small selection of products. Changes to ICR coverage policy. Updated criteria for self employed.
Pepper RESI NEW - 85% LTV reduced rates, return of Pepper 24 products & free valuations added to product ranges
Platform BTL, RESI CHANGES - new products across new business range for mainstream & BTL. Reductions to product switch range for mainstream, BTL & HTB products
Precise BTL NEW - refurbishment BTL product, reduced 5 yr fixed rate limited company product & flat fee fixed rates for BTL & HMO's for larger loan sizes
Principality RESI INCREASES - across product transfer range.
Saffron BTL, RESI CHANGES - to assessment of self employed & contractor incomes. Reduced rates on retirement interest only range. Extended end dates to a number of products.
Santander RESI CHANGES - new 85% LTV product & zero fee products. Changes to criteria in relation to Brexit. No system access 5th & 6th December.
Scottish Widows RESI REDUCTIONS - to selected product transfer & further advance products
Skipton BS BTL, RESI CHANGES - all repayment types now available for selected products. Rate changes across product ranges. Extended end dates.
Tipton RESI CHANGES - updated products in the new business residential range
TSB RESI CHANGES - re-introduction of full range of 85-90% LTV FTB & Home Mover products. Update for HTB applications. Reduction to a selection of residential products.
Virgin RESI CHANGES - increases to 90% & 95% LTV product transfer rates. New 90% LTV FTB 5 yr fixed product
West Bromwich BS BTL, RESI CHANGES - amended rates & extended end dates on existing customer products
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