Brilliant Solutions

Mortgage Product Update

Product Blast w/e 24 Jul

Update Overview

LTVs are generally up but so are rates.  Preference to direct channels for a few lenders remain apparent. 

Residential Mortgages

Accord CHANGES Rate increases and product withdrawals.
Barclays CHANGES New 2 year fixes but rate increases across higher LTVs
Halifax CHANGES Minor changes.
Leeds INCREASES Resi price increases and incentives reduced.
Marsden NEW Fees free 85% deals and reduced rates at 85%
Metro NEW 90% LTV for JBSPs.
Newcastle NEW Launched Joint Mortgage Sole Proprietor. Withdrawn some 60% products.
NatWest NEW A measured return to 85% is announced. Starting with... Direct To Consumer Only... Rate increases.
Nationwide CHANGE New 90% LTV, 85% LTV rates up. Other changes introduced.
Skipton INCREASE 85% 5yr fix rates up.
TSB CHANGES Rate increases in new business, rate reductions on PTs.
Virgin INCREASES Increase in rates in 65% and 85% rates.

Buy to Let Mortgages

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Foundation REDUCED BTL Rates.
Landbay NEW Higher LTVs for HMOs and MUFBs abd reduced rates.
Principality WITHDRAWN Withdrawn 2 Holiday Let Products at 75% LTV, dropped to 70%.
Nottingham CHANGES Various changes in pricing
Pepper NEW Re-entered BTL Purchase market

Secured Loans, Bridging & Development, Commercial Mortgages

UTB NEW Secured Loan Additional percentage of further incomes taken into consideration
Hampshire Trust NEW Commercial Back in Holiday Lets, Increased LTVs and ICRs

This sector sees little in the way of genuine product rate changes and updates.  Contact us for further information. 

Contact us on [email protected] or complete the form below, & we will add you to the list for this campaign only.  See our Use of Information Policies & our Terms of Business the which are available on our policies page.

    01792 277 555


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