Brilliant Solutions

NEW OPENING HOURS –  Office now closes 5pm on Friday

The Brilliant Loans direct number, 01792 277 277,  is not currently working.

Please Call us via Brilliant Solutions on 01792 277 555, option 3

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 29 April 2022

By / 29th April 2022 / Product Updates

Product Blast sponsored by Kent Reliance

Update Overview

This week follows very similar to the last few week’s. The majority of lenders are continuing to increase their rates while many are launching new products and enhancing their policies and criteria. 

This Week's Updates

LENDER TYPE DETAIL MORE
Accord BTL RESI CHANGES - rental calculation lowered for straight switch re-mortgaging where no additional capital is being raised. New Product Transfer & Additional Loan ranges launched, BTL Product Transfer range rates increased. New product transfer range with cashback launched
Barclays BTL RESI CHANGES - enhancements made to contractor policy. Several rates increased, various products withdrawn & relaunched
Bluestone RESI REDUCTIONS - rates reduced across Help to Buy range
Gatehouse RESI NEW - Shariah Compliant green home finance products launched
H&R BTL RESI CHANGES - 3 products withdrawn & product transfer procuration fees introduced
Leeds RESI INCREASES - Residential fixed rates increased by 0.15%
Metro BTL CHANGES - all 70% LTV products withdrawn, 75% LTV products repriced & stress rate that is applied for 5 yr fixed products up to & including 75% LTV reviewed
Molo BTL CHANGES - temporarily suspended its Buy-to-let products
Newcastle BTL RESI WITHDRAWALS - several mortgage products withdrawn
Progressive RESI CHANGES - SVR increased to 5.00%, APRCs recalculated to reflect change in reverting rate, variable & selected fixed rate products refreshed
Santander BTL RESI CHANGES - various rates increased across select product ranges & several new products launched. Resi & BTL affordability rates updated to reflect BoE base rate increase
Suffolk BTL RESI CHANGES - several rate increases across various product ranges & 80% self build fixed product withdrawn
TML BTL INCREASES - several rates increased
TMW BTL RESI CHANGES - max LTV for New Build Flats increased to 75% for all TMW New Business applications & New Build Hub launched. Selected New Business & Switcher rates increased
TSB RESI CHANGES - Increased Resi LTI multiple to 5x, Introduced lower ICR on BTL for basic rate taxpayers & Resi stress rates updated. Increased LTV to 90% on all new build houses. Several rates increased
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    01792 277 555

    INTERMEDIARIES ONLY

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

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