Weekly Product News w/c 11th Dec 2009 PDF Print E-mail
Friday, 11 December 2009 00:00
Intermediary Products

Abbey:
  • Increased Max loans on 80% & 85% LTV products from £250,000/£350,000 to £550,00



Alliance & Leicester:
  • Increased Max loans on 80% & 85% LTV products from £250,000/£350,000 to £550,000



Cheshire Mortgage Corp:
  • Suspension to Lend to all Self-employed applicants



Leeds Building Society:
  • Two new fixed rate products have been launched for Leeds Building Society



Manchester Building Society:
  • Manchester BS has introduced two BTL 3 year fixed rates @ 5.99% and 5.74%, 70% and 65% LTV respectively



Newcastle Building Society:
  • The following product has been withdrawn: 4.99% Fixed Rate until 31/12/2014 75% LTV



L&G Mortgage Club:
  • A range of exclusives has been launched for the Newcastle Building Society



Nationwide Building Society:
  • From tomorrow Nationwide will decrease their rates by about 0.10% on all 60% & 70% LTV



Direct Products



Co-op launched:
  • New range of fixed rates



Leeds Building Society:
  • Have reduced the 5 year fixed rates by 0.20% on average and introduced two stepped rates starting at 2.99%



Teachers Building Society:
  • Have reinstated their Shared Ownership product at 90%LTVs



Yorkshire BS – Direct:
  • The product end dates have been extended until 31st March. New first time buyer mortgage range.
  • 3 year fixed rate will be available at 5.84% up to 85% LTV
  • 5 year fixed rate will be available at 5.99% up to 85% LTV
Both offer the following incentives;
  • - No product fee
  • Free standard valuation
  • Free legal fees
  • Free CHAPS fee
  • £500 cash back (payable on completion)
Offset versions of these products are also available, priced 0.10% higher than the non-Offset versions.