Brilliant Solutions

Product Blast w/e 26 Mar

Update Overview

This week brings lots of positive news.  A number of lenders announcing new 95% LTV products.  There are rate reductions, increases on maximum loan amounts, reduced fee products, improvements to processes to speed up times scales and requirements needed just to name a few.

This Week's Updates

LENDER TYPE DETAIL MORE
Accord BTL, RESI CHANGES - reduction to selected residential rates and new residential rates launched. Refresh of selected BTL product transfer rates.
Aldermore RESI NEW - 95% LTV products launched
Clydesdale RESI CHANGES - new 90% LTV products launched along with reduced rate on selected residential products
Coventry RESI CHANGES - product refresh
Family BS RESI CHANGES - extension of acceptance of search insurance
Fleet BTL NEW - product refresh
Foundation BTL NEW - 2yr fixed reduced fee products launched
Ipswich RESI CHANGES - to criteria
Kensington BTL, RESI NEW - special edition range launched starting from 1.99% for residential and 2.59% for BTL. Large loans increased to £2m.
Leeds BTL, RESI CHANGES - to BTL ICR . Withdrawn 5yr 60% product at 1.34%. Rate refresh for 2 yr and 5 yr fixed rate products
Nationwide BTL, RESI REDUCTIONS - to selected products across switcher range
Newcastle RESI CHANGES - new and reduced rates across 80% LTV residential range. New 85% LTV products
Optimum Credit BTL, RESI CHANGES - moved to base rate from LIBOR rate
Precise BTL, RESI NEW - Secured loan products launched
Saffron RESI CHANGES - improvement made to application process regarding ID verification, valuations, bank statements and more.
Santander RESI NEW - new build products launched
Skipton RESI NEW - 95% LTV products launched
TSB RESI NEW - 95% LTV products launched
Together COMM CHANGES - to criteria to reduce costs to clients and speed up applications
Vida RESI NEW - reduced residential rates and purchase products.
Virgin RESI REDUCTION - to selected rates across product ranges

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