Brilliant Solutions

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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 21/04/23

By / 20th April 2023 / Product Updates

Product Blast sponsored by the OSB Group - Precise Mortgages

Update Overview

This week we continue to see changes following the increase in the Bank of England base rate. 

West One and Landbay launch new 5 year fixed rate products with 3 year Early Redemption Charges, Molo launch a new MUFB range and Newcastle introduce a new 2-year fixed Government First Home Scheme product.

Alongside the above many lenders have made reductions across their ranges.

This Week's Updates

LENDER TYPE DETAIL MORE
Accord BTL RESI CHANGES - A refresh to the full BTL product transfer range. A refresh to all Resi New Business product rates.
Aldermore BTL RESI CHANGES - Reduction to selected 5 yr BTL rates and also to selected 5 & 2 yr Resi rate. New free valuations for both Resi and BTL single residential investment properties.
Bluestone BTL RESI CHANGES - Reduction of BTL and Resi ,standard and fees free ranges rates. Switching to Bluesky portal for all new applications.
Central Trust BTL RESI NEW - 1 yr fixed rates across CBTL and Resi, 1st and 2nd Charge product range.
Coventry BTL RESI UPDATES - To the Portfolio Landlord lending criteria. Increase to all New Business 80% LTV fixed rate products for Resi. Reductions to all Offset, Interest Only & Offset Interest Only rates.
Family BTL RESI CHANGES - Withdrawal of all 2 yr fixed Owner Occupier rates. Rate reductions across the majority of 5 yr fixed products and Resi repayment, some IO products & Expat 2 yr discount rate. Increases across Resi discounted ranges.
Foundation BTL RESI REDUCTION - Of selected BTL rates up to 0.75% & Owner Occupied up to 0.60%.
Landbay BTL NEW - 5 yr fixed rate product with no ERC after 3 years.
Leeds BTL RESI CHANGES - BTL stress rates decreased. Resi max loan increased on 85%, 90% &95% LTV products. 3 yr Resi end dates extended.
Leek BTL REDUCTION - To Ltd Co BTL rates
Mercantile Trust BTL REDUCTIONS - To 1st and 2nd charge BTL Rates.
Molo BTL NEW - MUFB range added to current BTL range with rates starting at 5.19%
Newcastle BTL RESI CHANGES - Rate reductions across Self Employed, Gov 1st Home Schemes, BTL, Interest Only and Self Build products. New fee-assisted Interest Only products. New 2 yr Gov 1st Home Scheme product.
Pepper BTL RESI INCREASE - To Lender Base Rate.
Progressive RESI NEW- Affordability Calculator.
Santander BTL RESI CHANGES - Increases of secondary income allowance and affordability rate . Reductions BTL affordability rates & selected BTL and Resi Products.
TMW BTL REDUCTIONS - To selected New business and Existing Customer Switcher BTL rates.
TSB BT: RESI CHANGES - reduction to Product Transfer and Additional Borrowing Rates. All Tracker products, BTL Variable and Homeowner Variable products rates have increased.
Vida BTL RESI CHANGES - Withdrawal of selected 2 & 5 yr BTL products. Withdrawal of all 85% LTV 2 & 5 yr Resi products. New RTB, BTL and Resi products with fees launched.
West One BTL RESI NEW - Resi product range introduced with rates starting from 5.45%. BTL 5 yr fixed with 3 yr ERC product.
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