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 24 MAR 2023

By / 24th March 2023 / Product Updates

Product Blast sponsored by Hodge

Update Overview

A new week and a new assortment of updates from lenders.  We are seeing some lenders reducing rates while others are set to increase them. The Bank of England increase their base rate by 0.25%.

Lendinvest launch their residential product range. Vida reintroduce their Right To Buy product range and West One launched a new 5 year fixed rate with 3 year ERC’s.  Some criteria updates and affordability calculator changes.

This Week's Updates

LENDER TYPE DETAIL MORE
Accord BTL RESI CHANGES - Selected BTL new business rates reducing. Increase in the ICRR used to assess affordability across Resi and BTL.
Bluestone BTL RESI REDUCTIONS - To 2, 3 & 5 yr fixed rates across both BTL and Resi products.
Coventry BTL RESI CHANGES - Updates to BTL criteria & affordability calculator. Withdrawal of standard 50% LTV fixed rates. Reduction to selected fixed rate ranges.
Fleet BTL CHANGES - Product refresh.
Foundation BTL NEW - Limited edition BTL 2 & 5 yr fixed rates.
H & R BTL RESI CHANGES - Reductions to RESI 2 yr fixed rate. A new BTL 2 yr discount rate launched.
Hodge RESI NEW - Interest only 75% LTV Professional Mortgage launched.
Leeds RESI CHANGES - New 2 yr fixed rate shared ownership product. Reductions to selected Resi, Interest Only, Shared Ownership and Retirement Interest Only fixed rates and reduced Resi trackers.
Lendinvest RESI NEW - Launched of new residential product range
LiveMore RESI CHANGES - To product tiers rates and rate refresh.
MPowered RESI CHANGES - Increased availability to cash back via selected 5 yr fixed rates.
Nationwide RESI REDUCTIONS - To select fixed and tracker rates across products.
Newcastle RESI CHANGES - Refresh to 5 yr, 80%, new business products.
Pepper RESI CHANGES - Rate reductions across Resi & DMP ranges. Withdrawal of selected RESI product ranges.
Progressive BTL RESI CHANGES - To the online portal and new case tracking system.
Saffron BTL RESI CHANGES - Increase to all SVR rates. Withdrawal of selected BTL and Resi 2 & 5 yr fixed rate products.
Santander BTL RESI CHANGES - Reduction to selected tracker rates. New 5 yr purchase fixed rate. Selected product transfers RESI fixed rates reduced. SVR and Tracker rates to increase with BoE rate change.
Skipton BTL RESI CHANGES- Rate changes across ranges. Withdrawal of 75% & 80% LTV products from Resi existing customer range. Enhanced incentives on new build. Increase in tracker rates.
Vida RESI NEW- Relaunch of the Right to Buy products, with 2 & 5 yr fixed options.
Virgin BTL RESI CHANGES - New BTL 2 & 5 yr fixed rates. Reductions across a number of products & ranges. Increases to 85% LTV fixed rates & all mortgage tracker rates.
WestOne BTL CHANGES - New 5 yr fixed with reduced ERC. New lifetime tracker rates. Re-introduction of selected Core products. Increase to selected Limited Edition product rates.
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