Brilliant Solutions

Product Blast w/e 12/05/23

Update Overview

Another 4 day week down and another set of product withdrawals, rate increases and decreases and the odd product range refresh. Along with the news that the Bank of England Base rate has increased yet again, by another 0.25%, so it now sits at 4.50%.

Skipton Building Society have launched their 5 year fixed rate up to  100% LTV product for First Time Buyer who are currently renting.

This Week's Updates

LENDER TYPE DETAIL MORE
Accord RESI CHANGES - Reduction to minimum income threshold. Increase to selected fixed rate. New 2 & 3 yr products at 95% LTV.
Aldermore BTL RESI CHANGES - Rate changes across BTL, Resi Owner Occupied and Product Switch ranges. Withdrawal of selected 2 & 5 yr fixed rated HMO, Owner Occupied standard & high LTV, Product Switch and Product Switch: Help to buy products.
Buckinghamshire BTL RESI CHANGES - Refresh of the full product range. New discounted rates on Family Assist and JBSP ranges.
Clydesdale BTL RESI INCREASE - To selected 65 - 90% LTV fixed rated products across the BTL, Resi Professional, Newly Qualified Professional, Exclusive, £1M+ and Product Transfer ranges.
Dudley BTL RESI INCREASES - Across all SVR-rated products.
Fleet BTL CHANGES - Reduction across all 2 yr fixed products. New Green 7 yr fixed rate products. Temporary withdrawal of standard Tracker and Green Tracker products.
Foundation BTL RESI NEW - Rates and Fee across BTL & Owner Occupied Special range products.
Furness RESI NEW - 2 yr fixed rate product range. Launch of new Heartland exclusive products.
Kent Reliance RESI NEW - Multiple source income Resi range of products.
Leeds BTL, RESI CHANGES - Product refresh to a selections of rates. Selected 5 yr fixed rate products withdrawn. Increases to tracker products.
Progressive RESI CHANGES - Product refresh
Santander BTL, RESI INCREASES - To select Resi New Business and Product Transfer fixed-rated products. To Tracker rates from the start of June.
Skipton BTL, RESI CHANGES - New 5 yr fixed Resi product with up to 100% LTV. Increase to Base Rate tracker products.
TSB BTL RESI CHANGES - Relaunch of 2 yr fixed 0-75% LTV product. Product refresh across 2, 5 & 10 yr fixed rates.
Vida BTL RESI WITHDRAWN - Selected 75% LTV 2 & 5 yr fixed rates and Fee Saver Range
Virgin BTL RESI INCREASE - To Tracker rate products.





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