Brilliant Solutions

Product Blast w/e 25 Nov 2022

Update Overview

This week we see lenders withdraw and refresh product ranges, often returning with reduced rates across their ranges. Newcastle launch into the Shared Ownership market and Tipton return to market with new products and rates. 

This Week's Updates

LENDER TYPE DETAIL MORE
Accord BTL CHANGES - To rental criteria & reductions to interest coverage ratio rates. Criteria changes to BTL product transfer range
Aldermore BTL RESI NEW - Discounted variable & fixed product switch rates
Barclays BTL RESI CHANGES - Introducing new 2 year rate. Reductions to 2 year tracker rate & 2 & 7 year fixed rates
Bluestone BTL RESI CHANGES - reductions across selected fixed rate products. Free valuation on variable products
Bucks RESI NEW -Shared Ownership 5 year fixed rate product
Coventry BTL RESI REDUCTIONS - to selected 2, 3 & 5 year rates across residential & BTL ranges
Fleet BTL CHANGES - Withdrawals of 80% products & reducing rates on 65% & 75% fixed rate products. Increases to application fees
Furness BTL RESI CHANGES - Rates reduced & launch of 5 year fixed rate options
Kensington BTL RESI CHANGES - Repricing some residential products & withdrawal of all BTL 85% LTV products. Launch of 5 year residential special edition products
Leeds BTL RESI CHANGES - Reductions to Shared Ownership rates & increased to variable rates
LendInvest BTL CHANGES - New reduced rates for fixed rate products & withdrawal of BTL limited edition products
Metro BTL RESI CHANGES - To rate switching ranges & withdrawal of procuration fee cap
Newcastle BTL RESI CHANGES - Withdrawn of 95% product & launch into the Shared Ownership market. Changes to product portfolio discounted range products will include 10% pa overpayment facility
Nationwide RESI REDUCTIONS - To fixed rates & tracker rates
Norton BTL RESI CHANGES - To lending criteria
Precise BTL WITHDRAWN - BTL limited edition 2 & 5 year fixed rates
Santander BTL RESI CHANGES - removed funds transfer fee. Rate reductions & new products to residential ranges
Saffron BTL RESI NEW - Re-introducing BTL Light Refurb & Expat BTL. Launch of residential fixes up to 90% LTV, Retro Fit & RIO
Skipton BTL RESI CHANGES - Launch of new Resi Ltd Edition 2 & 5 yr fixed products. Changes to New Build, Government Scheme & Larger Loan ranges. Withdrawal of Resi & BTL base rate tracker products
Suffolk BTL RESI INCREASES - across discount product ranges
Tipton BTL RESI NEW - Launch of new products across ranges
TSB RESI REDUCTIONS - To residential & product transfer rates
UTB BTL NEW - BTL product range launch
Virgin BTL RESI CHANGES - Withdrawal of all 95% LTV fixed rate products & HTB rates for new customers. Increases to HTB product transfer rates. Improved BTL lending criteria
Vida BTL RESI REDUCTIONS - product refresh of fixed rate products .
West One BTL NEW - Launch of Ltd Edition 5 year fixed rate products





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