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Weekly Product News w/c 11th Dec 2009 |
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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- The following product has been withdrawn: 4.99% Fixed Rate until 31/12/2014 75% LTV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:
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. |