Product Blast w/e 23/06/23

By Beth Ody / 23rd June 2023 22nd June 2023 / Product Updates

Product Blast sponsored by LiveMore

Update Overview

Another volatile week where we have seen rate and product withdrawals, increases and product refreshes along with another increase to the Bank of England Base Rate.

This Week's Updates

LENDER	TYPE	DETAIL	MORE
Accord	BTL, RESI	CHANGES - Withdrawal of New business product range. Increases to selected BTL & Resi 65 -95% LTV fixed rate product ranges. Increase to Resi Product Transfer & Additional Loans fixed rates products. Reductions to selected tracker rate products for Resi. Increase to BTL Product Transfer rates.
Barclays	BTL, RESI	INCREASE - To fixed rate products across BTL and Resi Purchase, Remortgage and Existing Custonmer Reward product ranges.
Clydesdale	BTL, RESI	CHANGES - Refresh of New business mortgage products. New Exclusive Resi products.
Coventry	BTL, RESI	INCREASE - To all BTL, Portfolio BTL & Resi Green Further Advance rates.
Family	BTL, RESI	REFRESH - Of fixed and discounted variable BTL and Resi products.
Fleet	BTL	CHANGES - New Green cashback product feature. Withdrawal of all Standard and Green tracker rate products.
Foundation	BTL, RESI	NEW - BTL and Resi 2 & 5 yr fixed rate products.
H&R	BTL, RESI	WITHDRAWAL - Of Resi Income Flex 2 yr fixed rate 80 & 90 % LTV products, BTL 2 yr Discount top slicing 60% LTV, 2 yr Discount 60 & 75% standard BTL products and 2 yr discount 60% non owner BTL product along with 2 yr fixed Credit Flex 80% LTV product.
Kent Reliance	BTL	WITHDRAWAL - Of 75% LTV BTL products.
Kensington	BTL, RESI	REFRESH - Of selected all BTL and Resi products
Leeds	BTL, RESI	CHANGES - Increase to 2 & 5 yr Resi fixed rates. New BTL, Portfolio BTL, HMO & Holiday Let products. Increase to selected Shared Ownership & Resi fixed rates. Withdrawal of Resi 3 yr fixed rates. New 2 yr fee-free RIO product.
LiveMore	RESI	INCREASE - To product rates.
Metro	RESI	REFRESH - Of all Resi new Business and Product Transfer products .
Molo	BTL	REFRESH - To 5 yr fixed rate BTL products.
Natwest	BTL, RESI	REFRESH - Of product ranges.
Newcastle	BTL, RESI	REFRESH - Of product ranges.
Precise	BRI, BTL, RESI	WITHDRAWAL - Of 75% LTV BTL product range, all 1, 2 and 3 tier core and DMP products, all RTB and HTB remortgage products and of selected Bridging finance products.
Progressive	BTL, RESI	WITHDRAWAL - Of all products other than switch products.
Santander	BTL, RESI	CHANGES - Increase to Resi Large Loan maximum loan amount. Decrease to Resi Large Loan LTV max to 60% LTV. Increase to Tracker products.
Tandem	RESI	INCREASE - To T0 & T1 rates.
TML	BTL, RESI	CHANGES - To BTL and Resi product ranges.
TMW	BTL, RESI	INCREASE - To rates across New Business and Existing Consumer ranges.
TSB	BTL, RESI	CHANGES - Withdrawal of all 2 yr fixed BTL House Purchase and Remortgage Products. Withdrawal of all 3 yr fixed rate Resi House Purchase and Remortgage products. Refresh of all 2 & 5 yr fixed-rate Resi House Purchase and Remortgage products. Increase to Resi Product transfer and Additional Borrowing 2 & 5 yr fixed rates.
UTB	BTL, RESI	CHANGES - To all Resi 2, 3 & 5 yr fixed rate products across all ranges. To all BTL standard, specialist and non-standard 2 & 5 yr fixed rate products. New max 75% LTV Holiday Lets.
Vida	BTL	REDUCTION - To 2 yr BTL Limited Edition product.
Virgin	BTL, RESI	INCREASES - To Resi and BTL fixed rates across the Core and Exclusive & Product Transfer ranges & toTracker mortgage rates.
Zephyr	BTL	CHANGES - Increase to 5 yr fixed rates.

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