Brilliant Solutions

Product Blast w/e – 18 June

Update Overview

Rate reductions seems to be the theme this week.  A few new rates being launched or brought back to market which include Barclays 0.99% 2 year fixed reward rate, Clydesdales new £1m+ range and Virgin’s new ‘3 for 2’ 3 year fixed rate fee saver product.

This Week's Updates

LENDER TYPE DETAIL MORE
Barclays RESI CHANGES - new 0.99% 2 yr fixed reward rate. Reductions to the Mortgage Guarantee Scheme product
Clydesdale RESI CHANGES - 90% LTV intermediary exclusives withdrawn. Increases in rates to other selected 90% LTV ranges. New £1m+ rates starting from 1.79%. Reductions across residential product range
Coventry BTL, RESI CHANGES - product refresh
Darlington RESI CHANGES - extended end dates & removed £300 max cap from the valuation fee contribution for selected residential products
Foundation RESI REDUCTIONS - product refresh with reductions, raised LTV bandings and new availability of products for FTB
H & R RESI CHANGES - update on indemnity search insurance
Ipswich RESI WITHDRAWN - a number of products across residential, expat residential and RIO ranges.
Leeds BTL, RESI REDUCTIONS - across selected BTL and residential products. Launched new 2 & 5 yr fixed residential products for 80-95% LTV
Melton RESI CHANGES - a selection of products withdrawn and replaced with new end dates
Newcastle RESI NEW - products to Joint Mortgage Sole Proprietor range with an increase to 95% LTV
Nottingham RESI CHANGES - repricing to a number of products. 2 new residential products launched. Large loan product relaunced
Platform BTL, RESI CHANGES - rate adjustments for new business and product switching
Principality BTL, RESI CHANGES - reductions to a number of residential and BTL products. Increased min loan size for products with product fees to £140k
Progressive RESI NEW - 90% LTV products available for new builds
Saffron BTL CHANGES - end date refresh for a selection of products
Santander RESI REDUCTIONS - to rates for selected residential products
Shawbrook BTL CHANGES - reduced pricing across new 3 product bandings
Skipton RESIDENTIAL REDUCTIONS - across selected products. New 90% LTV new build purchase only product launched
TML BTL REDUCTIONS - to rates and product fees on a number of products across BTL range
TSB RESI CHANGES - employer's and accountant's references now available online. Reductions to a selection of products
Virgin BTL, RESI NEW - £1k cashback purchase products and "3 for 2" 3 yr fixed rate fee saver product. Reductions across selected product ranges
West One BTL CHANGES - increased max term from 25yr to 30yrs on BTL products

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