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 June 2022

By / 24th June 2022 / Product Updates

Product Blast sponsored by Precise Mortgages

Update Overview

Much like last week, lenders are still withdrawing their products and replacing them with increased interest rates. Allica, Foundation and TSB have all implemented some interesting criteria changes. Landbay have launched a new broker portal.

This Week's Updates

LENDER TYPE DETAIL MORE
Accord RESI CHANGES - range withdrawn & replaced with increased rates
Aldermore BTL RESI INCREASES - Aldermore Managed Rate (AMR)* increased from 5.48% to 5.73% due to BoE base rate increase. Several new products launched
Allica COMM CHANGES - several product updates made
Barclays BTL RESI INCREASES - to several rates across various ranges
Bath BTL, RESI WITHDRAWALS - several products withdrawn
Bluestone BTL RESI INCREASES - rates increased due to BoE base rate increase
Clydesdale BTL RESI INCREASES - select rate increases across various ranges
Coventry BTL RESI CHANGES - select rates increased across various ranges & 2 products withdrawn
Foundation RESI CHANGES - select rates refreshed, 4 new professions added, min age of 25 for professional products changed to 18 & Professionals Product now available up to £1m at 75% LTV & up to £500K at 90% LTV
HTB BTL COMM INCREASES - to select rates across various ranges
Interbay BTL COMM CHANGES - certain products withdrawn
Kensington RESI INCREASES - to rates on Flexi Fixed for Term mortgage range
Landbay BTL NEW - broker portal launched
Leeds BTL RESI CHANGES - increases to select rates across various ranges & select shared owner ownership products withdrawn
Lendinvest BTL CHANGES - refresh of BTL rates
LiveMore RESI CHANGES - reprice of rates
Metro BTL RESI CHANGES - to legal fee assist
MPowered BTL CHANGES - range to be withdrawn & replaced
Nationwide RESI INCREASES - rates increased due to BoE base rate increase
Newcastle RESI WITHDRAWALS - several products withdrawn
Pepper BTL RESI CHANGES - several rates increased across various ranges
Saffron RESI WITHDRAWALS - several products withdrawn
Santander RESI WITHDRAWALS - several products withdrawn
Shawbrook BTL INCREASES - Shawbrook Base Rate is now 1.25% due to BoE base rate increase
Suffolk BTL RESI WITHDRAWALS - many product withdrawals made across several ranges
TML BTL CHANGES - several rates increased & select products withdrawn
Together BTL COMM CHANGES - temporarily withdrawn the exclusive first charge CBTL product & rates increased due to BoE base rate increase
TSB RESI CHANGES - select rates increased across various ranges. Foreign applicant underwriting referral criteria changed
Vida BTL RESI CHANGES - BTL & Resi ranges withdrawn & relaunched
Virgin RESI INCREASES - all fixed rate products increased by 0.40%
Zephyr BTL INCREASES - to select rates
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