Weekly Product News w/c 25th Jan 2010 PDF Print E-mail
Monday, 25 January 2010 00:00
Intermediary Products


Ecology
  • SVR increased by 0.25%



Halifax:
  • Halifax has extended the end dates on its retention products to 30 June 2010.
  • Rate changes to selected 2 & 3 yr Trackers.
  • NEW 2, 3 & 5 yr fixed rates introduced for Further Advances
  • NEW Further Advance 2 & 3 yr fixed rates for Retirement Home Plan .



Market Harborough Building Society :
  • Increased their discount by 0.04%



National Counties Building Society:
  • Completion deadline for owner occupier products F166 & F167 have been extended to 03/05/2010.



Northern Rock:
  • Northern Rock plc has launched a brand new range called ‘Everybody’
  • The range consists of competitive rates however has less flexibility compared to their Flexible range
  • The range includes Residential with Fast Track option and BTL products for both purchase and remortgage.
  • Pay rates starting from 2.75% for 70%LTV.



RBS:
  • As of tomorrow the RBS IP brand will be replaced by NatWest Intermediary Solutions, Royal Bank of Scotland, First Active, The one Account and NatWest will no longer be displayed on prospector and the products that could be found under that brand are now under the same umbrella, NatWest Int Sols.
  • RBS, NatWest, First Active and The One Account as a direct brand will still be available.
  • The changes will be effective to Mortgage Clubs & Packagers as well.



Saffron Building Society:
  • 5.89% Fixed until 30/11/2012 90% LTV (Purchase Only) has been opened up to First Time Buyers.



Direct Products


Ecology:
  • SVR increased by 0.25%



ING:
  • 2 year Fixed Rate 75% LTV rate reduced from 3.69% to 3.54%
  • 2 year Fixed Rate 60% LTV rate reduced from 3.59% to 3.44%



Norwich & Peterborough:
  • 3 Year Fixed rates have been reduced 5.79% to 5.29% and 5.89% to 4.99%



RBS:
  • As of tomorrow the RBS IP brand will be replaced by NatWest Intermediary Solutions, Royal Bank of Scotland, First Active, The one Account and NatWest will no longer be displayed on prospector and the products that could be found under that brand are now under the same umbrella, NatWest Int Sols.
  • RBS, NatWest, First Active and The One Account as a direct brand will still be available.
  • The changes will be effective to Mortgage Clubs & Packagers as well.



Yorkshire Building Society:
  • Offset 5 year fixed rate available at 6.49% up to 90% LTV with no product fee:
  • A free standard valuation, free legal fees and free CHAPS fee are offered as incentives on this product
  • This product is only available through branches, on a capital and repayment basis
  • Only available to existing members who have been with the Society for at least 12 months, or to close friends or relatives of existing members