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.

Product Blast w/e 04 February 2022

By / 4th February 2022 / Product Updates

Product Blast sponsored by Hodge

Update Overview

It has been announced this week that Masthaven Bank has taken the decision to withdraw from the UK banking market. Dudley has launched a brand new mortgage product to support the First Homes Scheme. Lenders such as Allica, Interbay, Newcastle & Suffolk have all increased their maximum LTV’s.

This Week's Updates

LENDER TYPE DETAIL MORE
Accord BTL RESI CHANGES - rate increases & reductions over several products. Increased LTV on flats, increased max LTV for debt consolidation to 85%. For BTL's- ERC free products launched
Allica COMM CHANGES - max LTV now 80% on various property types & several rates reduced
Barclays RESI INCREASES - to tracker product rates
Clydesdale RESI INCREASES - 2 rate increases to Fixed Rate Full C&I products
Coventry BTL CHANGES - several rate increases & reductions across various ranges & some products withdrawn
Dudley RESI NEW - First Homes product range launched
Hodge BTL RESI CHANGES - now accept 30 weeks occupancy as a rental yield projection for holiday let mortgages, min property value now £100K & now accept traditional Scottish tenement flats
H&R BTL RESI CHANGES - SVR rate increased to 6.04% & several rates increased & reduced over various ranges
HTB BTL CHANGES - refresh & update on specialist BTL & HMO products & criteria
Interbay COMM CHANGES - rates reduced on semi-commercial & commercial products, max LTV increased to 75%, trail ERCs removed from all products & significant expansion of asset classes
Kensington RESI CHANGES - re-priced 90% LTV products across several ranges & withdrew Resi Select 5 yr fixed term 70% LTV products
Leeds BTL WITHDRAWALS - 5 yr BTL & Portfolio BTL 70% LTV Fee Free products withdrawn
Masthaven BTL RESI BRI ANNOUNCEMENT - Masthaven Bank to withdraw from UK lending market over the next two years
Newcastle BTL RESI CHANGES - rates reduced on several product ranges, Introduction of 80% LTV BTL products as max LTV has increased
Pepper Money BTL CHANGES - lender base rate increased to 0.20%
Precise BRI BTL RESI CHANGES - valuation process improved & new bridging range launched
Progressive RESI CHANGES - product range refreshed
Santander RESI INCREASES - to rates for base rate tracker products & variable rate products
Suffolk BTL RESI CHANGES - 80% LTV expat holiday let products launched, SVR increased by 0.15% to 5.39% & many rate reductions made across several ranges
Together BRI NEW - now accept refinance as an exit strategy for a regulated bridging case up to 70% LTV
TML BTL CHANGES - various products repriced & new 5-Year 70% LTV product launched
TMW RESI CHANGES - rates increased on £400 cashback product range & Limited Company rates increased on products with £0 arrangement fee
TSB BTL CHANGES - max BTL loan size to £1 Million
Virgin RESI INCREASES - to rates on several products & tracker rate mortgages
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    01792 277 555

    INTERMEDIARIES ONLY

    Office Hours:  09:00 – 17:30 Monday – Friday

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