Brilliant Solutions

Product Blast w/e 04 February 2022

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

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Coventry BTL CHANGES - several rate increases & reductions across various ranges & some products withdrawn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Leeds BTL WITHDRAWALS - 5 yr BTL & Portfolio BTL 70% LTV Fee Free products withdrawn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

Contact us on [email protected] or complete the form below, & we will add you to the list for this campaign only.  See our Use of Information Policies & our Terms of Business the which are available on our policies page.

    01792 277 555


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

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