Weekly Product News w/c 8th Feb 2010 PDF Print E-mail
Friday, 12 February 2010 00:00
Intermediary Products

Buckingham Building Society:
The following products have been withdrawn by the Buckinghamshire Building Society:
  • 5.25% Fixed until 30/09/2012 then SVR for Term Max 75% LTV
  • Buy To Let 6.25% Fixed until 30/09/2012 then BTL SVR for Term 65% LTV


Buildstore:
  • Cambridge Building Society products launched.


Cheltenham and Gloucester:
Openwork
  • Exclusive products launched for Cheltenham & Gloucester
PMS
  • Exclusive products launched for Cheltenham & Gloucester
Legal & General Mortgages Club
  • Exclusive products launched for Cheltenham & Gloucester
Sesame
  • Exclusive products launched for Cheltenham & Gloucester


Furness Building Society:
  • Existing 2 and 3 Year Trackers have been re-launched with a reduced arrangement fee of £199 (previously £499)


Marsden Building Society:
  • Marsden have introduced new products. 2 new offset discount rates at 2.00% and 1.60% and also two new discount rates at 2.10% and 1.50%


Melton Mowbray:
  • Fixed Rate of 4.65% to 31 March 2013 SVR Discounted to 31 March 2012 at 2.75% (SVR at 4.99% with 2.24% discount) SVR Discounted to 31 March 2013 at 3.49% (SVR at 4.99% with 1.50% discount)


Nationwide :
  • Product Update - Live Date: 9th February 2010. From Tuesday 9 February, we are making further improvements to our range of mortgage products.
We are amending the LTV tiers on a selection of mortgages - making our lowest rate on all mortgages, for all borrower types, now available up to 70% LTV.

We'll also be reducing our 1 year fixed rate by 0.20% to 3.49% for all purchase clients up to 75% LTV.
  • Tiers being amended up to 70% LTV All Remortgage rates All Further Advance rates No ERC trackers for Further Advance and House Purchase


Saffron Building Society:
The following products have been added by the Saffron Building Society:
  • Lifetime Tracker BBR +2.99% for term Up to 80% LTV 1.10% Discount from SVR for 3 years Up to 85% LTV New fixed rate launched at 5.29% until 28/02/2013 at 80% LTV.


Scottish Building Society :
  • Two products have been launched for the Thistle Club Members only. A revised range of products is available from the Scottish Building Society.
Criteria Changes:
  • Overpayments - of the loan amount in any 12 month rolling period. If the total of any lump sum payment(s) and overpayments exceed this the early repayment charge will apply to the total amount overpaid. Regular monthly overpayments are restricted to a maximum of £250 per month. Early Repayment Charge - The revised early repayment charge is 3% of the loan amount for 3 years.


Tipton Building Society:
  • has released a new set of discount and fixed rates starting from 75% LTV


Direct Products

Leek District :
  • New products launched 3 Year fixed 4.19% 75% LTV 2 Year fixed 4.79% 85% LTV 2 Year 2.24% Discount 85% LTV


Lloyds TSB Scotland:
Purchase Products
  • Lend A Hand products reduced by 0.10% 2 year fixed rates (purchase) at 60% LTV have been reduced by 0.10% 3 year fixed rates (purchase) at 75% LTV have been reduced by 0.20% New 90% LTV 2 Year Trackers available New 2 year trackers at 60%, 75% 85% LTV with a 3% arrangement fee
Remortgage Products
  • New 90% LTV 2 Year Trackers available


Manor Mortgages (Coventry Building Society):
  • Manor Mortgages have withdrawn their Coventry / Godiva exclusives.


Nationwide:
  • As of tomorrow Nationwide will be displaying on Prospector all their direct deals with exception to switcher deals (retention). This will include Flex acc products, remortgage in a box and switch & fix.


Saffron Building Society:
  • New fixed rate launched at 5.29% until 28/02/2013 at 80% LTV.