Brilliant Solutions

Product Blast w/e 12 Mar

Update Overview

This week we are seeing a lot of lenders refreshing rates with many it brings rate reductions across the LTV ranges.  Along with the rate refreshes we are seeing lenders bring back to market the high LTV products and amend criteria as they become more confident with the market.  This week Metro have brought to market their new near prime range.

This Week's Updates

LENDER TYPE DETAIL MORE
Accord RESI CHANGES - launch of 85% LTV 2 yr fixed products. Affordability calculation for background portfolios is changing. Changes to the BTL rates across product ranges.
Aviva ER CHANGES - to rates across product ranges
Coventry RESI CHANGES - product refresh
Furness RESI WITHDRAWN - 80% LTV 2 yr product
H & R RESI NEW - Joint borrower sole proprietor products relaunched
HTB BTL WITHDRAWN - large loan special product
Interbay COM CHANGES - to criteria to remove max property value, new property classes accepted, adverse now accepted
Ipswich RESI CHANGES - refresh of 90% LTV products
Just ER CHANGES - across product ranges
Kensington RESI NEW - 90% LTV LTV Hero range and 85% LTV Young professionals range products. Reduced rates across residential ranges and relaunch of the 1 yr fixed large loan product
Landbay BTL NEW - non portfolio fixed rate products launched
Leeds BTL, RESI CHANGES - new and reduced rates across residential range. Increases to selected BTL products ranges
L & G ER INCREASES - to all rates across lifetime mortgage products
Lendinvest BTL CHANGES - reversion rate changed from LIBOR to Bank of England
Metro RESI NEW - Launch of near prime product range
Natwest BTL, RESI CHANGES - forms of acceptable documentation to include screenshots. Rate reductions across ranges. New broker support line to support stamp duty applications
Newcastle RESI REDUCTIONS - to rates across 80% LTV residential range
Nottingham RESI WITHDRAWN - 2 yr 80% LTV product
Principality BTL, RESI CHANGES - new application system launched. New HTB Wales products launched. Reductions across residential product ranges. Increases to 60% LTV BTL range. Some new BTL products added.
Santander RESI CHANGES - self employed applications increased to 75% LTV
Skipton BTL, RESI CHANGES - to rates across residential and BTL product ranges
TSB BTL, RESI CHANGES - lending criteria for non UK and Irish nationals. Reduction to rates for 2 yr fixed 80-90% LTV range
Vida BTL REDUCTIONS - across BTL range
West One RESI NEW - relaunch of 85% LTV products

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