Brilliant Solutions

Product Blast w/e 13 May 2022

Update Overview

This week, we see lenders continuing to follow the trend of withdrawing products and increasing their rates with only a small handful being reduced. Lenders are refreshing their products and entire ranges while enhancing their criteria’s further.

This Week's Updates

LENDER TYPE DETAIL MORE
Bucks RESI NEW - Joint Borrower Sole Proprietor products launched
Clydesdale BTL RESI WITHDRAWALS - 5 products withdrawn
Coventry BTL RESI INCREASES - several rates increased across various product ranges
Dudley RESI NEW - 5 yr Fixed Shared Ownership & 5 yr Fixed Ex-Pat Resi products launched with an increased LTV up to 90%
Leeds BTL CHANGES - withdrawal of selected BTL & Portfolio BTL 75% LTV products & rates increased
L&G RESI INCREASES - to RIO rates
Metro BTL INCREASES - made to 5 yr fixed 75% LTV BTL products
Nationwide BTL RESI CHANGES - increases by up to 0.30% across New Borrower & Existing Borrower product ranges. Now lend up to 6.5x LTI
Newcastle RESI CHANGES - refresh of Large Loan, JMSP, Deposit Unlock, Government First Homes, Self Employed, Northeast & LISA exclusive products
Precise BTL NEW - BTL products launched
Saffron RESI WITHDRAWALS - 4 products withdrawn
Suffolk RESI WITHDRAWALS - Shared ownership 2-year fixed rate at 2.99%, 90% LTV withdrawn
TMW BTL REDUCTIONS - made to select products in Limited Company product range
TSB RESI NEW - re-introduction of Resi fixed rate products
Vida BTL RESI CHANGES - Assessment fee removed from all resi products, fee saver benefits enhanced, LTV's increased & max loans increased
Virgin BTL RESI CHANGES - various products withdrawn & several rates increased

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