Brilliant Solutions

The office will be closed from 5pm today for staff training, open as normal tomorrow. 

Our office will be closed from 5pm Thursday, 20th October to 9am Friday, 21st October.
If you have any cases or enquiries that this may affect, please contact our team today. We apologise for any inconvenience.

We are currently experiencing some technical issues that are affecting our telephone lines and internet connection.

We hope to resolve this asap. Apologies for the inconvenience.

 

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 January 2022

By / 13th January 2022 / Product Updates

Product Blast sponsored by Kent Reliance

Update Overview

Welcome back to 2022 product blast! This week we can see many lenders making changes to their criteria to kickstart the New Year. Accord, Interbay and Vida have all increased their loan to value’s on at least 1 product range.

This Week's Updates

LENDER TYPE DETAIL MORE
Accord RESI CHANGES - Max LTV for new build flats is now 90% & 95% for non-new build flats
Bluestone BTL RESI CHANGES - to CIS , Foster Income, Builders Deposit & PAYE Fixed term contractors criteria. Rates incresed on select products
Clydesdale RESI CHANGES - minimum property value reduced, traditional Scottish tenement flats accepted as well as properties with private drainage & shared drainage
Hodge RESI REDUCTIONS - in rates on select residential products
Interbay BTL CHANGES - Max LTV increased to 80% on BTL's, Holiday Lets increased to 75% LTV. Min loan reduced, asset classes expanded, trail ERC removed & select rates reduced
Kensington RESI CHANGES - LTVs re-priced on the Flexi Fixed for Term ranges, Special Edition 2 Year fixed product withdrawn
Leeds BTL RESI CHANGES - select increases & reductions in rates, additional products added, max loan sizes increased across most ranges, ERC's reduced on new lending
Lendinvest RESI CHANGES - free valuations on Residential Bridges when introduced through the portal until end of Janaury
Mansfield BTL CHANGES - reduced pricing across BTL range & Ltd Co (with PG) is now priced the same as standard BTL
Metro BTL CHANGES - Max loan for 75% LTV products increased, stress rates increased, new 85% LTV products launched, no income proof required for self-funding BTL's & select rates reduced
Pepper BTL RESI CHANGES - several criteria & rate improvements made. Select residential & BTL products withdrawn
Santander BTL RESI NEW - SFI Live Chat launched
Shawbrook BTL CHANGES - made to AVM's to qualify for a portfolio product
Suffolk BTL NEW - can consider applications for holiday let properties marketed via Airbnb & similar short term holiday rental providers
Vida BTL RESI CHANGES - LTV increased to 90% for Residential & 85% for BTL. New adverse tiers, New income multiples of 5.5x for key workers & new products launched. Proc fees increased
West One BTL CHANGES - defaults & CCJ's of £500 or less, satisfied or unsatisfied now accepted on W1 & W2 product ranges
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