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 17 June 2022

By / 17th June 2022 / Product Updates

Product Blast sponsored by Precise Mortgages

Update Overview

This week we continue to see the vast majority of lenders withdrawing their products and replacing them with increased rates, along with a further 0.25% increase by the Bank of England.   Hodge are temporarily closing to new business all-together to deal with their current workload.

This Week's Updates

LENDER TYPE DETAIL MORE
Coventry BTL RESI CHANGES - several rates increasing across both Resi & BTL ranges & 5 yr structures updated
Dudley RESI INCREASES - SVR increased due to BoE base rate increase
Foundation BTL RESI CHANGES - Green range expanded to Large HMOs, MUBs & F2 products. Product fee on Large Loan product (F1 tier) has been halved to 1% & reprice of all other fixed rate products across the BTL range
Hodge BTL RESI WITHDRAWALS - temporarily closing to new business across all mortgage products from 5pm on Thursday 16th June
H&R BTL RESI INCREASES - several rates increased across various ranges
Interbay BTL CHANGES - entire BTL range withdrawn & replaced. Process changed allowing brokers to upload all case submission documents to broker portal before they do a full initial underwrite
Kent Reliance BTL CHANGES - select products from BTL range withdrawn & replaced
Leeds RESI BTL CHANGES - New 5 yr Resi 95% LTV fixed & 10 yr Retirement Interest Only fixed introduced. Selected fixed rates increased by up to 0.26% & Selected 70% LTV Holiday Let fixed rates withdrawn
LiveMore RESI CHANGES - reduced ERC periods on long term fixed products
MPowered BTL CHANGES - updated BTL rates from 4.04%
Nationwide BTL RESI INCREASES - to select fixed rates by up to 0.40% across New & Existing Borrower product ranges
Newcastle BTL RESI CHANGES - validity & extension process revised
Pepper BTL RESI INCREASES - reprice on Resi, BTL & Affordable Home Ownership ranges
Precise BTL CHANGES - entire BTL range withdrawn & replaced
Progressive RESI CHANGES - Selected 2 yr fixed rates for House Purchase amended & 2 yr fixed rate Remo at 60% removed & replaced at up to 75%
Santander RESI CHANGES - updated resi affordability rate to reflect BoE base rate increase as well as tracker & SVR rates
TMW BTL INCREASES - to rates across New Business & Existing Customer product ranges
Together BTL RESI CHANGES - several rates repriced across various ranges
TSB RESI NEW - re-introduced 5 yr Fixed FTB & House Purchase £0 fee products & increased rates on 10 yr products
Virgin RESI CHANGES - All Exclusive fixed rates withdrawn & various rates increased over several ranges. Tracker rates increased due to BoE base rate increase
West One BTL CHANGES - All current fixed rate products withdrawn & replaced with pricing from 4.64%
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