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.

Product Blast w/e 28 January 2022

By / 28th January 2022 / Product Updates

Product Blast sponsored by Kent Reliance

Update Overview

This week we see the continuation of lenders enhancing their criteria and product offering. Foundation are now lending in Scotland and Optimum Credit has rebranded to be Pepper Money. We can also see a few lenders withdrawing and replacing entire product ranges.

This Week's Updates

LENDER TYPE DETAIL MORE
Accord BTL CHANGES - withdrawal & replacement of current product range & 3 new products introduced
Aldermore BTL NEW - launch of new product switch rates
Barclays RESI INCREASES - to select rates across the Resi range
Clydesdale RESI CHANGES - reduced the documentation required to support self employed applications
Coventry BTL REDUCTIONS - select BTL and Portfolio rates reduced
Foundation BTL RESI CHANGES - Now lending in Scotland. Full reprice of both BTL & Resi core ranges that includes improved rates & competitive product features
Kensington RESI CHANGES - 70% LTV rates available on Resi 6 & Core Residential ranges
Kent Reliance BTL CHANGES - withdrawal of current BTL range & launch of new product range in its place with a highlight being of no maximum loan size up to 85% LTV & many other features
Leeds BTL RESI CHANGES - New Resi 10 yr fee-free fixed products launched, select resi rate reduced, Re-introduction of 5 yr 60% BTL & portfolio BTL products
Metro BTL CHANGES - 5 yr fixed stress rate 3.5% @ 140% of the mortgage interest amount, Top Slicing available on the background portfolio, No minimum income, Max of 5 properties with Metro Bank & 10 properties in total & Flexible background portfolio assessment
Nationwide RESI WITHDRAWALS - of all £1,499 fee products
Norton RESI NEW - Secured Loan Product Launch
Nottingham BTL REDUCTIONS - in rates on 4 Limited Company BTL products
Optimum BTL CHANGES - Optimum Credit has rebranded to be Pepper Money. Will now only look to carry out a job check on applications which fit a certain criteria
Precise BTL CHANGES - new and improved refurbishment BTL let calculator
TSB RESI CHANGES - new products launched, rates reduced & increased on select products
Vida BTL RESI CHANGES - BTL Ltd Edition products withdrawn. Max LTV 90% on Resi houses, flats & new builds. New range for Key Workers, Fee Saver option for Resi & BTL, return of Help to Buy products & Flex option for 5 yr Resi & BTL products. BTL max LTV 85%, SPVs considered across whole BTL range, No min income on self-funding properties & Expat products available for landlords in selected worldwide & EEA locations
Virgin RESI NEW - Core 7, 10 & 15 yr deals with £1,000 cashback
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