Brilliant Solutions

Product Blast w/e – 21 May

Update Overview

This week we are mainly seeing lenders refreshing and enhancing their product ranges along with the reintroduction of previously withdrawn products.  Kensington have launched their new Select eKo range and Paragon withdraw from the second charge mortgage market.

This Week's Updates

LENDER TYPE DETAIL MORE
Accord BTL, RESI NEW - relaunch of BTL range with top slicing, lending in Scotland, new build lending for residential at 90% LTV and submission portal
Barclays RESI REDUCTIONS - across a range of products
Bath BTL, RESI CHANGES - to rates on MIG products. New rent a room & shared ownership products. Relaunch of BTL & HMO products
Chorley RESI NEW - reinstated a number of products
Clydesdale RESI CHANGES - to criteria for 85% & 90% LTV lending. New range of 90% LTV products launched. Reductions across some products
Foundation BTL REDUCTIONS - to selected BTL products. New HMO and fee assisted products launched.
Halifax RESI CHANGES - extended end dates and refreshed product range
H & R RESI NEW - 95% LTV 2 yr & 5 Yr fixed rate products launched. Reduced fee on 2 yr discount mortgage at 0.99%
Just ER DECREASED - interest rate of the cashback variants on J6 LTV series
Kensington RESI NEW - Select eKo range of products launched
Kent Reliance BTL NEW - limited edition products launched
Landbay BTL CHANGES - product refresh with some withdrawn products
Leeds RESI CHANGES - reductions and term changes to a select few products
Masthaven RESI NEW - Product refresh
Melton & MBS Lending BTL, RESI CHANGES - a number of products withdrawn and a selections of new products launched
Metro RESI NEW - professions added to to the Professional Range, online residential affordability calculator and enhanced criteria for higher earning single applicants
Nationwide RESI NEW - selection of new products across ranges
Natwest RESI CHANGES - rate reductions and increases across a selection of products
Nottingham RESI NEW - 95% LTV 5 yr fixed rate & 70% 2 yr fixed rate launched.
Paragon BTL, RESI WITHDRAWN - all products from second charge mortgage market
Platform RESI NEW - reintroduction of 2 yr fixed, no fee, £250 cashback residential product up to 75% LTV
Progressive RESI NEW - a range of new rates launched across selected ranges
Saffron RESI CHANGES - reprice to select products
Santander RESI NEW - cash back has been added to 95% LTV government-backed mortgage guarantee scheme fixed products
Vida BTL, RESI NEW - residential fee saver products & limited edition fixed fee products launched. 85% LTV residential products extended to tiers Vida 1 & Vida 2
Virgin BTL, RESI NEW - 95% LTV Government Mortgage Guarantee Scheme fixed rate products launched. 80% LTV 2 yr fixed rate launched. Reductions across some rates
West One BTL, RESI CHANGES - to secured loans mortgage range introducing new products and price changes across selected ranges

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