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.

Product Blast w/e – 05 August 2022

By / 5th August 2022 / Product Updates

Product Blast sponsored by Brilliant Loans

Update Overview

This week, rates are continuing to rise and lenders are beginning to respond to the latest Bank of England Base Rate increase announced on 4th August. Coventry have closed their new business range, Precise have temporarily withdrawn second charge products & Saffron have withdrawn all products except from their Self-Build range.

This Week's Updates

LENDER TYPE DETAIL MORE
Accord BTL RESI CHANGES - product range launched offering LTVs of up to 95%, exclusively for new build house purchases through the Deposit Unlock scheme. Various rates increased
Aldermore BTL RESI CHANGES - various products withdrawn & several rates increased across various product ranges
Barclays RESI WITHDRAWN - selection of products from existing Residential New Lending ranges withdrawn
Bucks BTL NEW - Expat BTL product for LTD Companies with an SPV & Holiday Let product for Limited Companies launched
CHL BTL NEW - Refurbishment range launched
Clydesdale BTL RESI INCREASES - several rates increased across various ranges
Coventry RESI WITHDRAWN - New Business range closed
Foundation BTL NEW - Summer Special BTL product launched
Gatehouse BTL WITHDRAWN - Limited Edition BTL £500k+ product range withdrawn
H&R BTL WITHDRAWN - 75% LTV BTL core 2 & 5-yr fixed rate products, with pay rates of 3.45% & 3.6% withdrawn
Kensington BTL NEW - BTL 75% & 80% products launched
Leeds BTL RESI CHANGES - 60% LTV £999 BTL & Portfolio BTL products launched as well as 2 yr Resi fixed rates at 75%, 80% & 85% LTV launched. Select rates increased & certain products withdrawn
Lendinvest BTL INCREASES - ICR on new applications for all non pay rate products increased from 5% to 5.5%
MPowered RESI NEW - residential 7 & 10 yr fixed rate products launched with rolling end dates
Nationwide RESI CHANGES - maximum loan size on 5 yr fixed products increased & loan to income cap increased
Newcastle RESI CHANGES - Refresh of 95% products, HTB range, NE & LISA Exclusives, JMSP, Government First Home Scheme, Interest Only & Large Loan products. 3 products withdrawn
Norton RESI CHANGES - improvements made to lending platform
Precise BTL RESI WITHDRAWN - second charge lending products temporarily withdrawn as well as current range of 75% LTV BTL products
Progressive RESI INCREASES - SVR increased
Saffron BTL RESI WITHDRAWN - all products withdrawn with the exception of Self-Build
Shawbrook BTL COMM INCREASES - select rates increased across various ranges
Skipton BTL RESI INCREASES - tracker rates increased due to BoE base rate increase
Suffolk BTL WITHDRAWN - Expat BTL & Holiday Let product withdrawn
Vida BTL RESI WITHDRAWN - 5 yr BTL & Residential Products withdrawn
Virgin BTL RESI INCREASES - tracker rates increased due to BoE base rate increase
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