Brilliant Solutions

Mortgage Product Update

Product Blast w/e 4 Sep

Update Overview

LTV concerns again as we see the first signs of the end of the furlough scheme causing lenders concerns.  A return to lending for Vida which is more positive news. 

Residential Mortgages

LENDER CHANGE DETAIL MORE
Accord CHANGES Withdrawn support for new applicants in furlough.
Chorley CHANGES Increased LTV on range to 75% and also some minor changes.
Clydesdale INCREASES Increased rates across range and some product withdrawals.
Coventry NEW Interest Only residential range.
Foundation CHANGES Interest Only residential range.
Furness CHANGES Repricing on range and withdrawn products.
HSBC WITHDRAWAL Left 90% LTV market, only existing customers access 85%, rest at 80%.
Kensington NEW New 1.94% 2yr fix 70% Resi Select Product with £999 fee.
Natwest CHANGES Withdrawal and rate increases across core range.
Platform CHANGE Reprice across range.
Principality CHANGES Multiple updates.
Saffron BS NEW Rate changes and three new products.
Skipton INCREASES Rate increases many products in range.
Tipton NEW EXCLUSIVE Income stretch, high multiples (x6) product. EXCLUSIVE
Vida NEW Full relaunch. Welcome back Vida.

Buy to Let Mortgages

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LENDER CHANGE DETAIL MORE
BM Solutions CHANGES Minor changes, date extensions etc.
Barclays REDUCTION LTV max is now only 70%
Skipton INCREASES Rate increases across much of the range.
Vida BACK Welcome back!

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. 

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