Brilliant Solutions

Product Blast w/e 10 June 2022

Update Overview

This week we continue to see a lot of rate reprices across whole product ranges mainly affecting fixed rate mortgages. Lenders appear to be focusing on expanding their criteria and product offering to open up as many lending opportunities as possible.

This Week's Updates

LENDER TYPE DETAIL MORE
Barclays RESI CHANGES - select rate withdrawals made, various rates increased & new products launched
Bucks BTL RESI CHANGES - LTV increased to 90% for new build houses & flats, non owner occupiers can now be considered for BTL, Foster Carer income now considered & changes made to allowable adverse
Clydesdale BTL RESI INCREASES - to various rates across select ranges
Coventry RESI CHANGES - reductions made to tracker rate products & several other rates increased
Family BTL RESI CHANGES - several rates increased & all current Fixed Rate mortgage products withdrawn & replaced. Increases to max loan sizes
H&R BTL RESI WITHDRAWALS - all 5-year-fixed rate products temporarily withdraw
Landbay BTL CHANGES - BTL rates repriced
Leeds RESI CHANGES - new shared ownership product launched & rates decreased on select shared ownership products
Pepper BTL RESI CHANGES - Pepper 60 & 48 ranges withdrawn & replaced
Precise BTL WITHDRAWAL - products that feature £0 product fee, refund of valuation and £500 cashback from core and BTL ranges
Nationwide RESI INCREASES - to selected fixed rates across product ranges
Newcastle BTL, RESI NEW - products within 80% LTV, JMSP, Large Loan, Interest Only and BTL ranges
Progressive RESI CHANGES - selected 2yr fixed rates for purchases amended & low rate for 2 yr fixed re-mortgages increased to 75% LTV
Suffolk BTL RESI CHANGES - reductions & increases made to several rates across various ranges & completion fee reduced
TSB RESI CHANGES - New Build Only products withdrawn & several rates increased across various ranges. Stress rates updated
Vida BTL RESI WITHDRAWALS - several products withdrawn
Virgin BTL RESI CHANGES - increases to SVR rates due to the increase of BoE base rate. Several other rates increased & new products launched
Zephyr BTL INCREASES - to 2, 5 & 7 year fixed rate products

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