Product Blast w/e – 19 August 2022

By Sally Miles / 19th August 2022 19th August 2022 / Product Updates

Product Blast sponsored by Brilliant Loans

Update Overview

This week, rates are continuing to rise and lenders are beginning to respond to the latest Bank of England Base Rate increase. Bath Building Society have temporary have withdrawn products. Coventry have new products for new borrowers.

This Week's Updates

LENDER	TYPE	DETAIL	MORE
Accord	RESI	CHANGES - various products withdrawn & several rates increased across various product ranges
Bath	BTL HMO	WITHDRAWN - Temp withdrawal of BTL & HMO
Barclays	BTL RESI	CHANGES - Amending rates on various products and ranges
Coventry	RESI	NEW - products for new borrowers
Foundation	RESI	CHANGES - to various product ranges
Gatehouse	BTL HPP	WITHDRAWN - Temp withdrawal of BTL & HPP products
H&R	BTL COMM	WTHDRAWN - 5 yr fixed rate 65% LTV product
Kensington	BTL RESI	NEW - BTL & RESI special edition products
Dudley	RESI	WITHDRAWN - Discount rates for residential
Progressive	RESI	CHANGES - Standard purchases & re-mortgages now valid for 120 days
Skipton	BTL RESI	CHANGES - rate reductions and new rates
Together	BTL RESI	CHANGES - various products and rates
TSB	BTL RESI	REDUCTIONS - to 5 yr fixed BTL & RESI products
UTB	RESI	CRITERIA CHANGES - Change to criteria
Virgin	BTL RESI	INCREASES - to 2yr & 5 yr fixed rates
West One	BTL	CHANGES - 5yr fixed to minimum loan size now £150,000 for limited edition W1 products

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