Brilliant Solutions

The office will be closed from 5pm today for staff training, open as normal tomorrow. 

Our office will be closed from 5pm Thursday, 20th October to 9am Friday, 21st October.
If you have any cases or enquiries that this may affect, please contact our team today. We apologise for any inconvenience.

We are currently experiencing some technical issues that are affecting our telephone lines and internet connection.

We hope to resolve this asap. Apologies for the inconvenience.

 

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.

Mortgage Product Update

Product Blast w/e 27 Nov

By / 26th November 2020 / Product Updates

Update Overview

Some nice new products this week as we see Bluestone and Halifax launch new 85% LTV products .  Many lenders continue to amend criteria especially around self employed income and lending into retirement/later life lending.  Nationwide have announced the launch of further advance products from the beginning of December for intermediaries.

This Week's Updates

LENDER TYPE DETAIL MORE
Bluestone RESI NEW - 80% & 85% LTV products
BM Solutions BTL INCREASES - across product ranges
Chorley BS BTL NEW - BTL 2 yr discount product & FTL product at 75% LTV
Clydesdale RESI CHANGES - new loan to income cap for residential mortgages. New products added and amendments made across product ranges.
Halifax RESI CHANGES - new FTB 85% LTV products which include new build & shared equity/ownership. End dates extended across products ranges.
Hinckley & Rugby RESI CHANGES - criteria for lifestyle debt consolidation
HTB BTL NEW - 5 yr fixed for large loans
Ipswich BS RESI WITHDRAWN - 75% LTV later life product
Kensington RESI WITHDRAWN - HTB products and all 5 year residential products
Kent Reliance BTL CHANGES - updated valuation fee scale for BTL
Leeds BTL, RESI CHANGES - selected residential products reduced. New fixed rates launched for residential, interest only, BTL and HTB
Lendinvest BTL NEW - reduced rate products across range
Melton BTL, RESI CHANGES - new and withdrawn rates across product ranges for both Melton and MBS Lending
Nationwide RESI CHANGES - New from 1st December further advance range available for intermediaries. Reduced rates across selected products
Natwest BTL, RESI CHANGES - withdrawn lending into retirement. Policy updates for BTL & Interest Only. Changes to assessment of affordability for self employed. Reductions & introduction of free valuations for BTL product range. Rates changes across residential range.
Newcastle RESI CHANGES - withdrawal of 2 yr 85% LTV products. Refreshing 80% LTV products. Reduction of SVR rate
Nottingham BTL, RESI CHANGES - reduction of rates on selected products. Withdrawal of 5 yr fixed rate at 75% LTV
Platform BTL, RESI NEW - 2 yr fixed rate new business products
Principality BTL CHANGES - rate amendments across BTL & Holiday Let products ranges
Saffron BTL, RESI CHANGES - some new products due to be launched 2nd December. Criteria changes for self employed & contractors. Some product withdrawals across product range
Santander RESI CHANGES - new 2 yr & 5yr fixed 70% LTV products. Amendments to evidence requirements for self employed
Scottish Widows RESI CHANGES - valuation fees for further advances
Skipton BS BTL, RESI NEW - base rate tracker products
Tipton BTL, RESI CHANGES - extended end dates for retirement interest only and later life products. Withdrawn BTL Ltd Co products
TSB RESI CHANGES - criteria amendments to income multiples & self employed. Extended end dates for BTL & product transfers. Rate increases to 2 yr, 5 yr & 10 yr fixed rates. New 85-90% LTV FTB product
Vida BTL, RESI CHANGES - withdrawal of HTB, Home Fund, RTB and 80% LTV BTL products. Min loan size increased.
Virgin RESI REDUCTION - on selected products
Zephyr BTL, RESI CHANGES - reversion rate switched from LIBOR to BOE rate
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