Brilliant Solutions

Product Blast w/e – 11 June

Update Overview

This week brings us numerous rates reductions across both residential and Buy to Let product ranges.  Dudley launch their new Energy Efficient mortgage range to market while others make criteria and product improvements.

This Week's Updates

LENDER TYPE DETAIL MORE
Accord BTL, RESI CHANGES - removal of cap on consolidation of secured debt. 80% LTV FTL products relaunched. Reduction in rates for a select number of 85-95% LTV residential products
Barclays RESI REDUCTIONS - across a range of products
Buckinghamshire BTL NEW - 80% LTV 5 yr fixed BTL product
Chorley RESI NEW - HTB products launched. New 2 yr discount products launched.
Clydesdale RESI CHANGES - to criteria for contractors
Coventry BTL, RESI REDUCTIONS - to rates for selected BTL, residential, product transfer and offset mortgage products.
Dudley RESI NEW - Energy efficient mortgages launched
Foundation BTL REDUCTIONS - on selected standard and green rewards BTL products
HTB BTL REDUCTIONS - to rates for loans from £200k - £500k
Kensington RESI WITHDRAWN - right to buy products
Landbay BTL CHANGES - replaced 4 non portfolio product with 6 new ones
Leeds BTL, RESI CHANGES - new BTL fixed rates launched with no product fee. Reductions to selected residential fixed rates. Reductions to selected residential fixed rates and 95% LTV shared ownership
Natwest RESI CHANGES - to rates on 2 yr fixed purchase products at 70% & 75% LTV. Withdrawn their green 2 yr fixed product at 75% LTV
Newcastle BTL, RESI CHANGES - BTL product refresh. Relaunch of 90% & 95% LTV products
Nottingham RESI INCREASE - to rate for 5 yr fixed 95% LTV product
Principality BTL, RESI REDUCTIONS - to product transfer rates for selected residential and BTL products
Progressive RESI NEW - 90% LTV products relaunched. Improvements to other product ranges
Santander RESI REDUCTIONS - to rates and fees to selected residential products
Skipton RESI NEW - 2 year 95% LTV £0 fee £500 cashback product for purchases
Tipton RESI CHANGES - increased the income multiples for their 95% LTV products to 4.49
TML BTL, RESI CHANGES - upfront fees removed from residential remortgage products. No longer require bank statements for proof to cover potential voids, no proof of funds required for capital raising purposes, no need to provide min income.
Together BRI REDUCTIONS - to rates
Vida BTL NEW - max loan size increased to £1m for BTL
Virgin RESI NEW - relaunch of 95% LTV shared ownership products and 95% LTV 2 yr fixed rate products

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