Brilliant Solutions

Product Blast w/e 21 January 2022

Update Overview

This week we see many lenders enhancing their criteria and adding more incentives to their mortgage ranges and products.

This Week's Updates

Accord BTL RESI NEW - range of ERC free BTL products launched. Will consider lending up to 85% LTV for debt consolidation
Aldermore BTL RESI CHANGES - Aldermore Managed Rate (AMR) increased from 4.58% to 4.73%. New reduced rates & incentives introduced
Barclays BTL NEW - launch of 2 BTL Green Home Mortgage products
Bath BTL CHANGES - Buy for Uni- Max loan increased to £500,000, Min time remaining on course reduced to 1 academic year & requirement to live within a ten mile radius of the University removed
Bluestone RESI NEW - free basic valuation or no application fee across all residential remortgage applications introduced
Foundation BTL WITHDRAWALS - all current BTL, Limited Company & Owner Occupier products withdrawn
Furness BTL RESI NEW - range of high LTV products launched. 2 80% LTV BTL products launched
Gatehouse BTL RESI Maximum finance and Finance to Value (FTV) levels amended across all BTL and HPP products
Kensington BTL RESI CHANGES - Flexi Fixed for Term range rates updated & 4 new specials products launched
Melton BTL RESI CHANGES - launched a 2 yr fixed HBLT product & removed Advance Self-Build offering
Newcastle RESI CHANGES - existing Government First Home Scheme products withdrawn and new standalone products launched in replacement. Refresh of Large Loan mortgage products
Norton Home Loans RESI CHANGES - Max loan amount £100K, Max LTV to include both lender & broker fees 80% LTV, Repayment Periods, Variable, 1, 3 & 5 Year Fixed Terms & New Product Plan AHLTV
Nottingham BTL NEW - 5 BTL products withdrawn & replaced
Santander BTL RESI CHANGES - temporarily removed all 60% LTV fixed rate products & increased rates or fees on selected products. Higher LTV rates reduced.
Suffolk BTL RESI NEW - will now use share of net profit after tax plus salary for self employed applicants. Improved bank nurse income policy – now take 100% if they have 18 months of history
Together BRI CHANGES - Regulated Bridging rate has reduced to 0.59% with a max LTV of 50% and 0.69% with a max LTV of 70%
TSB RESI CHANGES - made to stress rates used when calculating affordability. New products launched and select increases & reductions made to rates
West One BTL CHANGES - new products launched, several rate reductions made. Leasehold Block exposure increased, Portfolio lending increased & Loan size maximum increased
Zephyr BTL RESI REDUCTIONS - in rates across all deals, available for both BTL purchases & re-mortgages

Contact us on [email protected] or complete the form below, & we will add you to the list for this campaign only.  See our Use of Information Policies & our Terms of Business the which are available on our policies page.

    01792 277 555


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

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