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

We are experiencing some local grid power issues in the Swansea Office.  Sorry for any inconvenience caused, if you are unable to get through, please email [email protected]. We will return your call as soon as possible.

 

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 17 December 2021

By / 17th December 2021 / Product Updates

Product Blast sponsored by Kent Reliance

Update Overview

This week we can see several criteria changes being made by many lenders such as Aldermore, Dudley, Metro, Natwest, Progressive & United Trust Bank. Buckinghamshire Building Society have launched a new affordability calculator. The Monetary Policy Committee has also decided to increase the Bank of England Base Rate to 0.25%.

This Week's Updates

LENDER TYPE DETAIL MORE
Aldermore BTL RESI CHANGES - to criteria regarding minimum EPC ratings, flats above commerical, new build warranty providers & non-standard construction
Barclays RESI INCREASES - to select residential rates
Buckinghamshire BTL RESI NEW - affordability calculator launched
Coventry RESI REDUCTIONS - in select Residential and FTB rates
Clydesdale RESI CHANGES - reductions & increases to select Residential rates
Dudley BTL RESI CHANGES - rate reduced on 2 yr fixed product & improvements made to Ex-Pats & Holiday Lets
Foundation BTL RESI NEW - Residential & Professional products launched & 85% LTV BTL products now available
L&G ER NEW - 2 higher LTV variants to Lifetime Mortgage range launched
Melton BTL RESI CHANGES - several discounted products relaunched with the Offset feature removed
Metro BTL RESI CHANGES - max loan size for BTL's increased, thatched roofs & ex local authority flats now accepted
Natwest BTL RESI CHANGES - to acceptable purposes for additional borrowing. Increases to rates across several ranges
Pepper RESI NEW - expansion into shared ownership along with Affordable Home Ownership
Progressive BTL RESI CHANGES - criteria alterations made regarding income multiples, minimum income & documents required. Max LTV increased for Holiday Homes & Lending In Retirement. 2 new Family Assisted products launched
Santander BTL RESI CHANGES - to ERC refund window for non-simultaneous porting. Select increases & reductions in rates across several ranges
United Trust Bank RESI NEW - Max Loan Size Increased to £1m
Vida BTL WITHDRAWALS - BTL Winter Limited Edition products withdrawn
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