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Weekly Product News w/c 12th April 2010 |
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Friday, 16 April 2010 00:00 |
Intermediary Products
C&G:
- Rates increased on selected Tracker and Stepped Tracker products.
- Products with £799 product fee and no application fees have been withdrawn.
C&G BTL:
- Revised Tracker products available.
C&G (PMS):
- Tracker products have revised rates.
- Stepped Tracker products withdrawn.
C&G (L&G):
- Tracker products have revised rates.
- Stepped Tracker products withdrawn.
C&G (SESAME):
- Tracker products have revised rates.
- Stepped Tracker products withdrawn.
Clydesdale Bank Plc:
- End dates extended on products.
- New Panel Exclusive products available.
Coventry Building Society:
- Have withdrew their remortgage only fixed rates and introduced a new set of fixed rates available to both Purchase and Remortgage
ING Direct:
- Lifetime Tracker Rate 75% LTV = rate increased from 2.69% to 2.84%
Nationwide:
- From the 7th April 2010 Nationwide will be re-pricing a mixture of fixed and tracker products across the range.
Newbury Building Society:
- A new 5.25% Fixed rate until 2015 has been launched
Direct Products
Britannia Building Society:
- Britannia will be re-launching their fixed rate mortgage product range on Friday (16th April).
- The new range includes reduced headline rates for 3 Year and 5 Year fixed rates (including a highly competitive 4.49% 5 Year Fixed Rate) and new 'No
- Application Fee' 2 Year Fixed Rates to compliment the existing 2 Year Fixed range.
C&G Direct:
- All 4 year fixed rates removed.
- 2 year trackers with 3% arrangement fee reduced to 2.5%
- New 2 year fixed rates with 2.5% arrangement fee.
Chelsea - Direct:
2 yr fixed rates
- 3.43% to 31/05/12 now has a minimum loan of £25,000
- 4.18% to 31/05/12 is now 4.89% with an 85% LTV, no fee and minimum loan is now £25,000
- 3.63% to 31/05/12 has now been withdrawn
- 4.38% to 31/05/12 has now been withdrawn
3 yr fixed rates
- 4.24% to 31/05/13 is now 4.19% with a minimum loan of £25,000
- 4.99% to 31/05/13 is now 5.59% with a minimum loan of £25,000, no fee and an LTV of 85%
5 yr fixed rates
- 4.69% to 31/05/15 is now 4.59% with a minimum loan of £25,000
- 5.04% to 31/05/15 is now 6.09% with a minimum loan of £25,000, no fee and 85% LTV
10 yr fixed rates
- 5.69% to end 31/05/20 our only 10 yr product has now been withdrawn
New product
- 2.69% - 2.19% above Bank of England Base Rate reverting to SVR after 2 years (currently 5.79%)
- £995 fee
- LTV 75%
- ERC 3%
- Free Valuation and Assisted legal Fees
- Minimum loan £25,000
- Maximum loan £500,000
New product
- 4.39% - 3.89% above Bank of England Base Rate reverting to SVR after 2 years (currently 5.79%)
- No fee
- LTV 85%
- ERC 3%
- Free Valuation and Assisted legal Fees
- Minimum loan £25,000
- Maximum loan £500,000
The Co-operative Bank:
- The Co-operative Bank has extended the direct only fixed products end dates to 31/08 for the respective years.
- They have added 2 new 2 year fixed rate products a 4.19% and 4.99% with no arrangement fee.
- They have reduced the rates for the 3 and 5 year fixed products.
C&G BTL:
- Product end dates extended to May.
- Completion deadline extended to 31st July 2010
Derbyshire Building Society:
- All existing products have new extended end dates
Leek United :
- As of tonight the products 724 and 725 will be withdrawn.
Post Office:
- The Post Office has now reduced the rates on its two and five-year fixed rate deals at 60%, 75% and 80% LTV.
Teachers Building Society:
- Withdrawn 3 Year Fixed rate 6.59% & 6.69% and 5 Year Fixed rate 6.89% & 6.99%
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