Brilliant Solutions

CHRISTMAS OPENING HOURS – the office will close on Monday 23rd December at 5:30 pm and will re-open on Thursday 2nd January 2025 at 9 am

Office now closes 5pm on Fridays

CHRISTMAS OPENING HOURS – the office will close on Monday 23rd December at 5:30 pm and will re-open on Thursday 2nd January 2025 at 9 am

 

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 22 Jan

By / 21st January 2021 / Product Updates

Update Overview

In the main positive news this week.  A lot of new products being launched with higher LTV’s and reduced rates.  Some lenders have made amendments to improve income and affordability calculators. 

This Week's Updates

LENDER TYPE DETAIL MORE
Accord BTL, RESI NEW - Launch of 3 yr fixed rate products up to 90% LTV. New fee -free products added to range.
Barclays RESI CHANGES - rates reductions across 60%, 75% & 85% LTV products and launch of 90% LTV 2 yr fixed products
BM Solutions BTL CHANGES - relaunch of selected 2 & 5 yr fixed rates at 60% & 75% LTV. Reductions on some rates
Buckinghamshire BTL, RESI WITHDRAWN - number of products from residential & BTL ranges
Chorley BS RESI NEW - launch of 2 yr discount rate at 85% LTV
Clydesdale RESI CHANGES - to criteria for variable income. New products added to 85% LTV range
Coventry RESI CHANGES - product closures & relaunch of 90% LTV residential range
Dudley RESI CHANGES - improved criteria for self build & holiday lets
Fleet BTL NEW - full product refresh
Foundation BTL, RESI CHANGES - product reprice across all ranges
Furness RESI NEW - launch of new 70% - 90% LTV fixed rates
Halifax RESI CHANGES -reductions to rates to residential and affordable housing products. Introduction of no fee products across homemover, FTB, shared ownership & shared equity products
HTB BTL, RESI WITHDRAWAL - of new applications requiring completion before the stamp duty deadline
Ipswich BS BTL, RESI CHANGES - to criteria to accept properties with annexes, flats above commercial and more. Also to enhance affordability, allow increase in % shift allowance, retired director income & BTL rental profit
Leeds BTL, RESI CHANGES - relaunch for 90% LTV residential range. Selection of rates from BTL and residential range have been withdrawn. Increase in max LTV for new builds flats to 80% LTV and houses 85% LTV
Metro RESI CHANGES - relaunch of 80% LTV for customers on furlough. Enhancements to contractor & fixed term contracts policy.
More2Life ER CHANGES - to rates across selected products ranges
Nationwide RESI REDUCTION - to selected mortgages rates & switcher products
Natwest BTL, RESI CHANGES - to foreign nationals policy
Newcastle BTL, RESI CHANGES - reductions in rates on 85% LTV residential products. Product refresh on BTL range
Nottingham RESI NEW - Residential 5 yr fixed products launched. Launching new RIO products
Platform BTL, RESI WITHDRAWN - all new business BTL & residential mainstream products
Pure Retirement ER REDUCTIONS - across Sovereign, Heritage and Freedom 40 ranges
Saffron BS BTL CHANGES - restrictions added to Expat BTL product range
Santander BTL, RESI CHANGES - to accountants certificate & self employed evidence requirements. Reduction in LTV to 60% for self employed applications
Scottish Widows RESI CHANGES - to rates across product transfer and further advance ranges
Shawbrook BTL, RESI CHANGES - to max loan size for second charge products
Skipton BS BTL, RESI NEW - Help to buy (England) products & new 85% LTV products
Tipton RESI NEW - reduced min loan size of £100k
TML BTL CHANGES - new max loan size for first time landlords. Increase in rate for 5 yr fixed at 75% LTV. Launch of new mini MUB product
TSB BTL, RESI CHANGES - overseas clients no longer able to complete rate switch applications. Changes and withdrawal of rates on residential products
Virgin BTL, RESI CHANGES - variable income now accepted. Increases to selected rates. New 90% FTB 2 yr fixed rates.
West Bromwich RESI NEW - retention products for assisted and help to buy ranges. Launched a 2 yr fixed modified affordability remortgage product
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