Brilliant Solutions

Product Blast w/e – 09 July 2021

Update Overview

We continue to see rate reductions this week.  There are a number of new launches which include Foundation’s Green ABC products for BTL purchases, InterBay’s new 80% LTV product range and Precise’s new 85% LTV range.  

This Week's Updates

LENDER TYPE DETAIL MORE
Accord BTL, RESI CHANGES - to rates across ranges. Increase in LTI threshold cap from £60k to £70k
Bank of Ireland BTL NEW - launch of Green BTL mortgages
Barclays BTL, RESI CHANGES - simplified documentation and automated payslip verification. Reductions across selected BTL & residential fixed rates.
BM Solutions BTL REDUCTIONS - to rates across selected products
Clydesdale RESI NEW - 90% LTV 5 yr fixed rate with free valuation launched. Also a number of rate reductions across ranges
Coventry RESI NEW - 95% LTV product launched
Fleet BTL REDUCTIONS - across product range
Foundation BTL NEW - Green ABC products launched for BTL purchases
Halifax RESI REDUCTIONS - to rates on selected home mover, FTB, New Build and affordable housing products
InterBay BTL NEW - products with increased LTV up to 80%
Kensington BTL, RESI CHANGES - update to self employed criteria to allow government support options. Launch of special edition products for select range
Leeds BTL, RESI CHANGES - cashback added to residential 2 yr 95% LTV products. Reductions to select shared ownership products and reductions to select residential fixed rate products
Newcastle RESI WITHDRAWAL - 3.59% fixed rate until 03.11.23 as tranche is fully utilised
Nottingham RESI CHANGES - withdrawal of 2 products and reprice of a selection of products
Platform RESI CHANGES - amended a selection of rates across residential range
Precise RESI NEW - reduced rates and launch of 85% LTV products
Principality RESI CHANGES - a number of new residential and residential Wales only products launched. Increase to max LTV for JBSP
Progressive RESI CHANGES - improvements to select variable and fixed rate house purchase products, new 75% LTV 2 yr variable reintroduced and all remortgage products improved
Skipton BTL, Residential CHANGES - reductions across ranges, withdrawal of 90% LTV new build product
Tipton RESI NEW - 5 yr fixed rate at 95% LTV
TML BTL NEW - products launched and rates reduced
Together BTL REDUCTIONS - to a selection of products
Vida BTL, RESI CHANGES - reduced rates on Limited edition 5 yr BTL products, increased some rates on Vida 1 products and launched some new rates on Vida 1. Launch of new product switch hub
West Bromwich BTL, RESI CHANGES - reductions to rates throughout retention range. New 85% LTV product launched

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