Brilliant Solutions

Product Blast w/e 17 December 2021

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

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Vida BTL WITHDRAWALS - BTL Winter Limited Edition products withdrawn

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    01792 277 555


    Office Hours:  09:00 – 17:30 Monday – Friday

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