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Mortgage Product Update

Product Blast w/e 23 Oct

Update Overview

We are seeing a number of withdrawals of products and product refreshes this week with increases rates.  Accord announced changes to their affordability calculations  and LiveMore have amended their revert rates.  Some interesting limited edition products have been launched with Precise and Landbay.

This Week's Updates

LENDER TYPE DETAIL MORE
Accord RESI CHANGES - to affordability calculations and increases to selected residential fees and rates
Barclays BTL, RESI NEW - products across all product ranges and reintroduced BTL portfolio products
Bath BS BTL WITHDRAWN - 2 & 5 yr fixed BTL products at 70%
Buckinghamshire RESI CHANGES - to minimum value across product ranges. Physical valuation min £75k & AVM product range min £100k
Cambridge BS RESI WITHDRAWN - selected residential interest only products across all ranges
Chorley BS RESI NEW - discounted products added to range
Clydesdale BTL, RESI CHANGES - a range of new products across the BTL & residential products ranges. Increases to professional product ranges.
Coventry RESI REDUCTIONS - across 2, 3 & 5 yr fixed range
Dudley BS BTL CHANGES - ex pat BTL product now available for both repayment and interest only applications
Halifax RESI CHANGES - updated some products & extended their end and completion dates
Hinckley & Rugby BTL, RESI CHANGES - withdrawal of 1 day valuation process where an AVM valuation can be instructed
Hodge BTL INCREASES - across holiday let product range at 75% LTV
HSBC RESI CHANGES - rate changes across product range
Ipswich BS BTL WITHDRAWN - 5 yr expat BTL product
Landbay BTL NEW - limited edition products with free valuation
Leeds BTL, RESI CHANGES - selected mainstream, interest only and HTB products withdrawn. Increases to some BTL, portfolio BTL, holiday let and shared ownership products.
LiveMore RESI CHANGES - amended revert rates across product ranges
Lloyds RESI CHANGES - extended their end and completion dates across product ranges
Newcastle RESI NEW - Interest Only & 80% LTV products
Platform BTL, RESI CHANGES - relaunch of mainstream, BTL and product switching ranges
Precise BTL NEW - limited edition products with reduced fees
Principality RESI CHANGES- New Thank you product range for NHS clients. Increases across resi & BTL ranges.
Saffron BTL, RESI CHANGES - withdrawal & replacement of 80% LTV resi & BTL products & 95% LTV joint borrow sole proprietor products.
Santander BTL, RESI CHANGES - Increases to selected HTB & BTL rates across 60%, 75% & 85% LTVs. Withdrawal of 85% LTV 2 yr fixed products. Changes to end and completion date extensions.
Scottish Widows BTL, RESI CHANGES - Extended end dates on new business mortgage range
Tipton RESI WITHDRAWN - 85% LTV standard products
TSB BTL CHANGES - amended stress rate
Virgin BTL, RESI INCREASES - across all product ranges

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