Brilliant Solutions

Product Blast w/e 11 Nov 2022

Update Overview

This week we are seeing lenders amending variable rates following last weeks Bank of England base rate increase.  Alongside this we are starting to see some rate reductions and product relaunches.  Molo have introduced their new Savings Booster feature to all their BTL products.

This Week's Updates

LENDER TYPE DETAIL MORE
Accord BTL RESI CHANGES - To BTL & Residential rates & withdrawing discounted SVR product transfer range
Aldermore BTL RESI INCREASES - To managed Rate by 0.75% to 7.48%
Barclays BTL RESI CHANGES - To 2, 5, 7 & 10 year fixed rates & new 85% LTV 5 year tracker products
Bluestone BTL RESI REDUCTIONS - Up to 80bps across selected fixed-rate products
Clydesdale BTL RESI REDUCTIONS - To selected product ranges
Coventry RESI REDUCTIONS - To fixed rate products
Foundation BTL RESI CHANGES - To withdrawals and relaunches of products across various ranges
Kensington BTL RESI CHANGES - To repricing some residential & BTL products
Landbay BTL CHANGES - product reprice and relaunch across various ranges
Leeds RESI REDUCTIONS - Selected 2 year Residential and Interest Only fixed rates reduced
Molo BTL NEW - Launch of the Savings Booster feature to BTL products
Norton BTL RESI INCREASES - To all lending plans
Pepper BTL RESI WITHDRAWN - The £0 arrangement fee products
Progressive BTL RESI INCREASE - To standard Variable Rate from 6.49% to 6.99%
Santander BTL RESI CHANGES - To household expenditure figures & National Insurance rates. Increases to payrates on all new business & product transfer tracker rates. Withdrawn Lifetime Tracker product. Changes to ERCs on all fixed rates.
Shawbrook BTL RESI INCREASES - To base rate
Saffron RESI NEW - Re-launch of the specialist self-employed & Contractor variable rate products
Skipton BTL RESI CHANGES - To 2 & 5 year fixed rates. Withdrawing 10 year Residential Existing Customer range and 2 year Ltd Edition residential product
Virgin RESI CHANGES - reductions to selected 2 & 5 year fixed rated. New 2 year fixed rate products launched
West One BTL CHANGES - DSCR reduced for variable rate products. All 2 year fixed products withdrawn. Increase in application fee





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