Brilliant Solutions

Mortgage Product Update

Product Blast w/e 25 Sep

Update Overview

Lender criteria changes and restrictions on applications with furloughed income . New products launches along with product increases and reductions.

Residential Mortgages

LENDER CHANGE DETAIL MORE
Accord CHANGES Increases, reductions and extended end dates
Family CHANGES Cashback options added to product range
Halifax CLOSED No longer accepting applicants on Furlough. Returned clients payslips must show income
Kent Reliance NEW New BTL and Residential products including shared ownership
Natwest INCREASES Rate increases on 2 & 5 yr products. New purchase exclusive products
Newcastle NEW New 80% 2 & 5 yr products
Nottingham WITHDRAWAL Withdrawn Residential, RIO, Self Build, BTL & Commercial products
Mansfield BS WITHDRAWN Withdrawn 2 yr fixed Shared Ownership Product
Metro Bank NEW 90% 5 yr fixed rates for residential
Pepper CHANGES Criteria relaxed
Platform CHANGES HTB products withdrawn. Mainstream products reduced & increased across range
Precise NEW New HTB remortgage products
Royal Bank of Scotland NEW Updated residential product range with new rates
Saffron NEW Return of Expat BTL and BTL products
Scottish Widows CHANGES Furloughed customers must be back in work prior to application. Increased on HMV & FTB rates
Skipton CHANGES Increases, withdrawals, new rates and extended fixed rates across product ranges
TSB WITHDRAWN Withdrawn 75-85% LTV Shared Equity purchase and remortgage products
Vida CHANGES Changes to lenders product range
Virgin REDUCTIONS Reducing rates and relaunching products

Buy to Let Mortgages

Text summary to be inserted.

LENDER CHANGE DETAIL MORE
Kent Reliance REDUCTIONS Rate reductions and changes to ERCs and fees too.
Landbay REDUCTIONS Rates reduced to under 3% on BTL.
Nottingham CLOSED Closed for new business.
Pepper REDUCTIONS Rates reduced and criteria relaxed.
Platform WITHDRAWN BTL range withdrawn.
Precise REDUCTIONS Rates reduced.
Saffron NEW Return of Ex-PAT & BTL Products.
Santander CHANGES Changes to acceptable income for min BTL Income.
Skipton INCREASES BTL Rate Increases on Retention deals.
Vida CHANGES Repriced range across all BTLs, including 85% HMOs and MUBs.

Secured Loans, Bridging & Development, Commercial Mortgages

LENDER CHANGE TYPE DETAIL MORE
UTB NEW Secured Loan Improved unsecured credit criteria
Shawbrook NEW Secured Loans 85% LTV for employed and self-employed

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

    INTERMEDIARIES ONLY

    Office Hours:  09:00 – 17:30 Monday – Friday

    Share this:

    2 thoughts on “Product Blast w/e 25 Sep”

    1. Avatar

      Well done Matt / Michael, the weekly product blast is so much easier for us to keep up with the many lender changes we face each week!

    Leave a Comment

    Your email address will not be published. Required fields are marked *

    Scroll to Top