Brilliant Solutions

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We hope to resolve this asap. Apologies for the inconvenience.

 

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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