Intermediary Products

Bank of China:

• Proc fee structure has also changed.
• Residential range have also decreased their margin by 0.20%.
• 4 new BTL Tracker products (plus 3.5% for Term) have been released with a max loan amount of £1,000,000 with a max ltv of 65, 60 & 55.
• 4 new residential Tracker products (plus 2.5% for Term) have been released with a max loan amount of £1,000,000 with a max ltv of 75, 70, 60 & 60.

Clydesdale Bank:

• Intermediary products re-launched (these were all withdrawn from the market in Aug 2009).
• Arrangement fees have increased from £999 to £1,499 on loans up to £500k and loans between £500,001and £750k now have a negotiable fee of up to 1%.

Coventry Building Society:

• A revised range of products has been launched for Coventry BS / Godiva.

Manchester Building Society:

• Lifetime Tracker products have been withdrawn.

Mansfield:

• Increased the SVR to 5.59% as of tonight’s update.
• Fee Assist products launched (no arrangement fee).
• New 80% LTV discount and fixed products.
• SVR increased to 5.95 from 5.49%.
• Arrangement fees overall have decreased to 599 (on products which have arrangement fees).

Nationwide:

• Revised valuation scale, following the increase to VAT to 17.5%

Nottingham Building Society:

• Criteria Change: Maximum LTV for Capital Raising and Debt Consolidation has been increased from 70% to 80% for Remortgage applications.

Positive Solutions:

• New exclusive 3 and 5 year products launched via Skipton Building Society.

Standard Life Bank :

• SLB have withdrawn all current residential and BTL products until further notice.

Vernon Building Society:

• New 3 Year Variable Rate Buy to Let Mortgage 70% LTV has been launched.

Whiteway:

• New 3 Year fixed BTL introduced at 4.84%

Direct Products:

Halifax:

• There are Mortgage rates discounted for Halifax Rewards Current Account Customers and Mortgage rates for non-Halifax Rewards Customers.
• With the purchase products there is a free conveyance option.

Chelsea Building Society :

• 5 Year Fixed rate mortgage Rate reduced from 5.25% to 5.09% End date and ERC extended to 28 Feb 2015.
• 10 Year Fixed Rate mortgage Rate stays at 5.69% End date and ERC extended to 28 Feb 2020.

Clydesdale/Yorkshire:

• 0.50% reduction in 2 year BTL rates.

HSBC:

• Re-priced their range of products and reduced them by as much as 0.40% on some fixed rates.

ING Direct:

• 2 year fixed 60% Max LTV – withdrawn and replaced at 3.59% (reduction of 0.09%)
• 2 year fixed 75% Max LTV - withdrawn and replaced at 3.69% (reduction of 0.09%)
• 2 year tracker 60% Max LTV - withdrawn and replaced at 2.54% (reduction of 0.10%)
• 2 year tracker 75% Max LTV - withdrawn and replaced at 2.64% (reduction of 0.10%)

Nottingham Building Society:

• Criteria Change: Maximum LTV for Capital Raising and Debt Consolidation has been increased from 70% to 80% for Remortgage applications.

Mansfield:

• Increased the SVR to 5.59%.

Saffron Building Society:

• Loyalty 3 year discounted products at 60% and 80% LTV have been withdrawn.

Skipton:

• All product revert rates amended from SVR to BBR+4.45%, collar rates have been removed.