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Weekly Product News w/c 23rd August 2010 PDF Print E-mail
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
Read more...
 
Weekly Product News w/c 16th August 2010 PDF Print E-mail
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.
Read more...
 
Weekly Product News w/c 9th August 2010 PDF Print E-mail
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.
  •  
    Weekly Product News w/c 2nd August 2010 PDF Print E-mail
    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.
    Read more...
     
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