Weekly Product News w/c 12th April 2010 PDF Print E-mail
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  • Products with £799 product fee and no application fees have been withdrawn.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  • Stepped Tracker products withdrawn.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  • Stepped Tracker products withdrawn.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  • Stepped Tracker products withdrawn.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  • 3.63% to 31/05/12 has now been withdrawn
  • 4.38% to 31/05/12 has now been withdrawn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  • 5.69% to end 31/05/20 our only 10 yr product has now been withdrawn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%