Product Blast w/e 11 Dec

By Matthew Arena / 11th December 2020 11th December 2020 / Product Updates

Update Overview

A lot of new product announcements this week with returns of higher LTVs, new fixed rate ranges, reductions and product enhancements. Kensington have introduced their product range into Northern Ireland.

This Week's Updates

LENDER	TYPE	DETAIL	MORE
Accord	BTL, RESI	CHANGES - rate reductions and increases in cashback for selected BTL & Residential products. Reduced product fees for 90% LTV range
Barclays	RESI	CHANGES - New 90% LTV FTB range. Reductions across 75-85% LTV product ranges
Chorley	HTB	NEW - 5 Year Help to Buy product
Coventry	BTL	NEW - reduced 2 & 5 yr fixed rate products on 65% & 75% LTV range
Furness	RESI	NEW - 90% LTV product ranges
Godiva	BTL	CHANGES - updated product range with new codes & rates and extended some end dates.
Halifax	RESI	NEW - 85-90% LTV 2 & 5 yr fixed rate products. New FTB 90% LTV product
HTB	BTL	NEW - 2 & 5 yr fixed rates
Kensington	RESI	NEW - Launch of product range in Northern Ireland
Kent Reliance	RESI	WITHDRAWN - 100% and 95% MSV shared ownership withdrawn.
Landbay	BTL	NEW - 2 & 5 yr fixed rates at 80% LTV
Leeds	BTL	CHANGES - BTL retention and portfolio products with new rates and extensions. New shared ownership rates launched. New 60% LTV products. Selected rates reduced
Nationwide	RESI	CHANGES - new 90% LTV product range. Full gifted deposits now available. Reductions on 2 year fixed rates at 85% LTV
Natwest	RESI	CHANGES - reductions and increases across products ranges
Newcastle	BTL	CHANGE - End dates extended
Paragon	BTL	NEW - Large Loan product
Platform	BTL, RESI	WITHDRAWN - all 2 yr fixed & selected 5 yr mainstream products
Progressive	RESI	REDUCED - 75% LTV fixed rate purchase products
Saffron	RESI	NEW - FTB range
Santander	RESI	CHANGES - to customer identification requirements
Skipton BS	BTL, RESI	CHANGES - New rates and end dates. Minor changes.
Tipton	RESI	NEW - 3 yr discount product at 85% LTV
TSB	RESI	CHANGES - reduced rates on selected FTB, homemover & remortgage products. New selection of residential and BTL products
Virgin	RESI	REDUCTIONS - to selected products across ranges
West Bromwich BS	BTL, RESI	NEW - 80% & 85% LTV purchase products added to range

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