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Weekly Product News w/c 23rd August 2010 |
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Monday, 23 August 2010 00:00 |
Intermediary Products
Accord:
Have launched a new range of exclusive products and Core products with extended end dates, reduced rates and an increased minimum loan amount of £200,000 on high loan products for Intermediaries.
- The exclusives companies are:
- TenetLime
- TenetConnect Services
- TenetConnect
- TenetLime DA
- Positive Solutions
- PMS
- Sesame AR's
- Personal Touch Financial Services
- Legal & General
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Weekly Product News w/c 16th August 2010 |
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Monday, 16 August 2010 00:00 |
Intermediary Products
3MC:
- New range of Aldermore Bank products has been launched.
Accord:
New remortgage products available to selected networks (L&G, Sesame AR, PMS, TenetLime, Personal Touch, Positive Solutions & SimplyBiz) with the following incentives:
- Free valuation (max £470)
- Booking fee £195.
- Completion fee £800.
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Weekly Product News w/c 9th August 2010 |
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Monday, 09 August 2010 00:00 |
Intermediary Products
BDS & Pink:
- Have launched a new 2 year Tracker 1.95% above BOE via NatWest and all other products have seen their end dates moved to November.
First Complete:
- Have launched a new 2 year Tracker 1.95% above BOE via NatWest and all other products have seen their end dates moved to November.
Igroup:
- New range launched by Ex connections via Igroup
Enhancements include:
- Maximum LTV up to 80%
- 5 Year Fixed and Lifetime Tracker products introduced
- Introduction of LTM2 and GEM3 plans
- Lifetime Tracker / Reversionary rates starting from 4.01%
- Fixed rates starting from 4.09%
Intrinsic:
- Have launched a new 2 year Tracker 1.95% above BOE via NatWest and all other products have seen their end dates moved to November.
Mansfield:
- Have introduced a new BTL Discount 1.20% of SVR for 2 years
Melton Mowbray Building Society mortgage products effective Monday 9 August 2010:
- SVR 2.24% discount end date to move from 31 July 2012 to 30 September 2012
- SVR 1.50% discount end date to move from 31 July 2013 to 30 September 2013
- SVR 1.00% discount end date to move from 31 July 2013 to 30 September 2013
- BTL 0.50% discount end date to move from 31 July 2012 to 30 September 2012
New product introduced
- SVR Discounted Product for Term = 4.99% minus 1% to give 3.99%
- £299 application fee (payable on application)
- £699 completion fee (payable on completion. Can be added)
Max 75% LTV
NatWest:
- Have moved their end dates to November and launched a new 3.49% BTL tracker product available as of tonight.
Newcastle Building Society:
Criteria Changes:
- Any unsatisfied CCJ's or Defaults will not be accepted.
- The Society will now consider Guarantors up to 90% LTV (previously 75%).
- Income multiples have been increased by 0.5.
- Improvements have been made o the amount of documentation required for lower LTV loans.
- The minimum unexpired lease for leasehold properties will be increased from 30 years at end of mortgage term to 35.
- Maximum LTV's for both new build houses and flats will be increased to 80% of purchase price / value, whichever is lowest.
- The Society reserves the right to see evidence of deposit at application stage.
Nottingham Building Society - Premier Club:
- New product launched: Premier Club Exclusive FXR715 3 Year Fixed 4.39% until 01/10/2013 then VMR for term up to 80% LTV.
- New product Launched for Nottingham Premier Club via First Complete: Premier Club Exclusive FXR715 3 Year Fixed 4.39% until 01/10/2013 then VMR for term up to 80% LTV
- Nottingham BS Premier Club product codes TRK103, FXR708 and FXR715 have been launched for Sesame AR's.
PTFS:
- Have launched a new 2 year Tracker 1.95% above BOE via NatWest and all other products have seen their end dates moved to November.
Positive Solutions:
- Have launched a new 2 year Tracker 1.95% above BOE via NatWest and all other products have seen their end dates moved to November.
PMS & Sesame:
- Have launched a new 2 year Tracker 1.95% above BOE via NatWest and all other products have seen their end dates moved to November.
Saffron Building Society / Sesame AR:
- New product launched: BTL 2 Year fixed 5.85% until 31/10/2012 Up to 80% LTV
Scottish Building Society:
- Have withdrawn their 1.50% discount rate and introduced a new 2.00% discount as of today.
DirectProducts
Yorkshire Building Society:
- 2 year fixed rates at 85% LTV cut by up to 0.26% - now starting at 3.99% with a £995 fee
- 2 year Offset fixed rates at 85% LTV cut by up to 0.26% - now starting at 4.09% with a £995 fee
- New 2 year Offset fixed rates at 90% LTV - starting at 5.05% with a £995 fee
- New 3 year fixed rates for 75% and 85% LTV with incentives
- 3 year Offset fixed rates cut by up to 0.14% - now starting at 3.75% with a £995 fee.
- New 3 year tracker products - with a 2 year ERC - for 75% and 85% LTV - starting from 2.39% (BoE+1.89%) with a £995 fee
- Selected 2 and 3 year fixed and Offset fixed rates and all 2 year tracker products at 85% withdrawn and not replaced.
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Weekly Product News w/c 2nd August 2010 |
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Monday, 02 August 2010 00:00 |
Intermediary Products
Abbey (applies to the direct, Intermediary and exclusive products):
- Withdrawn: direct-only 90% 2 year tracker Homebuyer and replaced with new Core version.
- Fee reduced to £495 on Direct Homebuyer 70% 2 and 3 year fixed products.
- All Channel Homebuyer 70% 2 year fixed £495 fee product withdrawn and re-launched as AFI only.
- Withdrawn: All Channel 75% 2 and 3 year fixed Homebuyer products and launched new separate AFI and Direct versions.
- Rate reduced on All Channel 70% 3 year fixed core.
- Fee increased on Direct 90% first time buyer core product.
- Fee reduced on All Channel 75% Flexi Homebuyer product.
- Fee added to Direct current account 90% 3 year fixed core product.
- Fee reduced to £495 on Direct Homebuyer 70% 2 year fixed current account exclusive product.
- Fee reduced to £495 on 70% 2 year fixed loyal mover exclusive product.
Charge end dates, completion deadline dates and benefit end dates rolled on by 1 month.
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