Brilliant Solutions

CHRISTMAS OPENING HOURS – the office will close on Monday 23rd December at 5:30 pm and will re-open on Thursday 2nd January 2025 at 9 am

Office now closes 5pm on Fridays

CHRISTMAS OPENING HOURS – the office will close on Monday 23rd December at 5:30 pm and will re-open on Thursday 2nd January 2025 at 9 am

 

In honour of Her Majesty Queen Elizabeth II our offices will be closed on Monday 19th September while our staff pay their respects.

The office will re-open at 9am on Tuesday 20th September.

Product Blast w/e 14/07/23

By / 14th July 2023 / Product Updates

Product Blast sponsored by OSB Group - Kent Reliance

Update Overview

This week continues the theme of more rate increases with a few product refreshes and withdrawals mixed in.

Quantum have released a new specialist Buy to Let product range for more complex cases. A few lenders launch new products alongside Coventry who relaunch their BTL and Residential Tracker products.

This Week's Updates

LENDER TYPE DETAIL MORE
Aldermore BTL, RESI WITHDRAWAL - Of all 2 & 5 yr fixed rate BTL, Resi and Product Switch products.
Barclays BTL, RESI INCREASE - To all fixed rates within Resi, BTL Purchase and BTL Remortgage ranges.
Bluestone BTL, RESI INCREASE - To all rates across all product ranges.
Buckinghamshire RESI NEW - FTB 95% LTV product.
Clydesdale BTL, RESI CHANGES - New 2 & 5 yr 65% LTV Resi Remortgage Exclusive. New 2 & 5 yr 90% LTV Resi Purchase exclusive. Increases to 75% & 80% LTV Resi Remortgage exclusive fixed rates, 2 & 5 yr Resi fixed rate at 85-95% LTV and increase to 2 & 5 yr fixed BTL rates across New and Existing customer ranges.
Coventry BTL, RESI CHANGES - Relaunch of all BTL & Resi tracker rates. Increases to all 2 yr fixed 50-85% LTV Resi products, all 5 yr fixed Resi products and all 2 & 5 yr fixed BTL and Portfolio BTL products. Withdrawal of all 3 yr fixed rates and 2 yr 90-95% LTV Resi fixed rates.
Dudley BTL, RESI INCREASE - To their SVR.
ESBS RESI NEW - 2 yr fixed Retention Only Resi product.
Foundation BTL, RESI WITHDRAWAL - Of all core BTL and Resi products.
Kensington BTL, RESI REFRESH - Of Selected Resi and BTL product ranges.
Landbay BTL REFRESH - Of all 2 yr tracker products across all ranges. New 5 yr fixed rate limited edition product. New 2 & 5 yr fixed rate large HMO/MUFB products.
Leeds BTL, RESI CHANGES - New LTD Co BTL range introduced. Increase to selected BTL & Affordable Housing fixed rates. Withdrawal of selected BTL & Portfolio BTL products. New 60% LTV 2 yr fee-free BTL & BTL Portfolio product. New HTB, RTB & Shared Equity fee-free product. Increase in BTL stress rates. Increase to all Resi fixed rates.
Leek BTL, RESI NEW - 2 yr fixed and discounted rate Resi products and 2 yr discounted BTL rate products.
LendInvest BTL NEW - BTL product range.
Molo BTL REFRESH - Of all fixed-rate standard and specialist BTL products.
Nationwide RESI INCREASE - To fixed rates across New Business, Switcher, Additional Borrowing & Existing Customer ranges.
Nottingham RESI REFRESH - Of Retention products.
Pepper BTL, RESI NEW - Submission checklist.
Quantum BTL NEW - Launch of new specialist range.
Saffron BTL, RESI CHANGES - Withdrawal of 75% LTV BTL 5 yr fixed rate product. Refresh of 80% LTV 2 yr discount Resi and Resi Second Home products.
Santander BTL, RESI CHANGES - Increases to fixed rates across BTL and Resi ranges. New 2 & 5 yr fixed rates for existing customers moving home and Resi clients with large loans.
Suffolk BTL, RESI REFRESH - To 50% 2 yr discount Resi C&I, Resi IO and Self Build & Reno products. To 50% 2 yr fixed Resi Expat C&I, Resi Expat IO and Expat BTL products.
TMW BTL INCREASE - To select fixed rate across the new business product range. To all Switcher fixed rates.
TSB BTL, RESI INCREASE - To 2 & 5 yr fixed Resi Purchase and Remortgage rates. To 5 & 10 yr fixed Resi Product Transfer rates. To 5 yr fixed Resi Additional Borrowing rates. Increase Variable and Tracker Rates across ranges. Increases to Resi income multiples & max LTV for new build houses and bungalows. Withdrawal of 5 yr fixed BTL range.
Vernon BTL, RESI INCREASE - To their SVR.
Virgin BTL, RESI CHANGES - New 70% 2 yr freedom to Fix Resi Remortgage exclusive product. New 75% 5yr fixed BTL purchase and Remortgage exclusive. Reduction to 65% 2 yr Freedom to Fix tracker rate. Increase to 2, 3 & 5 yr fixed Resi Exclusive and core rates. Increase to all BTL fixed Exclusive and core rates. Increase to all Resi & BTL Product Transfer products.
West One BTL INCREASE - To all BTL fixed rates.
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