Brilliant Solutions

Product Blast w/e 07 October 2022

Update Overview

From last week’s interest rate volatility we saw a large number of lenders withdraw fixed rates, increase rates and pull entire product ranges.  This week we are starting to see lenders relaunch and reintroduce products and lending ranges.

This Week's Updates

LENDER TYPE DETAIL MORE
Accord BTL RESI CHANGES - Withdrawing and extending rates
Bucks BTL NEW - Holiday Let product for Ex Pats
Bluestone BTL RESI NEW - product range relaunced
Coventry BTL RESI CHANGES - increases to all resi 75% and 85% LTV standard 5 Year Fixed rates. Selected products withdrawn. Launch of a range of products. Changes to affordability calculator
Family RESI NEW - Introduced discounted variable owner occupier repayment
Interbay BTL COMM NEW - Relaunching Commercial, Semi-commercial & BTL products
Kensington BTL RESI NEW - Product range which include special edition resi products
Landbay BTL NEW - range of 1 and 2 year Fixed Rates
Leeds BTL RESI INCREASES - Fixed Rates
Progressive RESI CHANGES - variable products amended , Fixed Rates reintroduced, SVR increased
Precise BTL RESI NEW - Reintroducing BTL & RESI products
Santander BTL RESI CHANGES - Temporarily withdrawn all new business to BTL products plus the 95% LTV 2 year Fixed Rate. Increases to Fixed Rate products for Resi and product transfer ranges.
Together BTL RESI CHANGES - increases to bridging rates. Reductions to variable rates.
TMW BTL CHANGES - Applying a minimum stress rate of 8.49% on all new applications
TSB BTL RESI CHANGES - to stress rate. Reintroducing various fixed rate products & BTL fixed rates increasing. Various product transfer products withdrawn and increased
UTB BTL RESI INCREASES - to fixed rates over product ranges





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