Weekly Product News w/c 26th April 2010 PDF Print E-mail
Monday, 26 April 2010 00:00
Intermediary Products


Abbey:
  • Rates reduced on 70% 2 year fixed Homebuyer, Remortgage and Homebuyer Plus products
  • Rate reduced on 70% 5 year fixed Remortgage product
  • Fixed end dates and completion deadline dates rolled on 1 month



Cheltenham and Gloucester:
All Products:
  • Mortgage term extended from 35 years to 40 years
  • Minimum valuation of £40,000 now required



Furness:
  • New 5 year BBR trackers with 2 year ERC rate is 3.29% and the Purchase product offers a cash back of £250



ING Direct:
  • New 2 year discount product, this product is available on our L&G AR and MAB exclusive ranges and also available on our Direct range of products



Leeds Building Society:
  • New BTL fixed rates 2 Years 4.58% maximum 75% LTV, 3 Years 5.59% maximum 75% LTV



Leek United Building Society:
  • 60% LTV Stepped Trackers withdrawn (Purchase & Remortgage)
  • 75% Stepped Trackers have been withdrawn except for a 75% LTV (BBR+ 4.35% Purchase and Remortgage) and a 75% LTV (BBR+ 4.60% remortgage only)



Penrith:
  • New 3 year 1% discount of SVR introduced as of today



Platform:
Product Changes for Tuesday 4 May
  • Reversionary rate floor reduced from 1.00% to 0.50% for both LIBOR and BBR linked products
  • Mainstream exclusives available to L&G, Pink, PTFS, Openwork and Sesame
Rates Reduced 2 year fixed:
  • 70% LTV reduced to 3.49%
  • 75% LTV reduced to 3.69%
  • 80% LTV reduced to 4.79%



Shepstead Building Society:
  • Society has released a new product for shared-ownership house purchase only
  • 1.25% discount off standard variable rate for 5 years current pay rate 4.74%

Direct Products


Abbey:
  • Arrangement fees reduced £500 on 80% 2 year tracker Remortgage and 90% 2 year tracker Homebuyer products
  • Rates reduced on 70% 2 year fixed Homebuyer, Remortgage and Homebuyer Plus products
  • Fixed end dates and completion deadline dates rolled on 1 month



Britannia Building Society:
New 90% LTV Range:
  • 2 year Fixed 5.49% £999 Fee
  • 2 year Fixed 5.99% no Fee
  • 5 year Fixed 6.09% £999 Fee
  • 5 year Fixed 6.39% no Fee
  • 3 year tracker 4.49% £999 Fee



Cheltenham and Gloucester:
All Products:
  • Mortgage term extended from 35 years to 40 years
  • Minimum valuation of £40,000 now required



Co-Op: New 90% LTV Range:
  • 2 year Fixed 5.49% £999 Fee
  • 2 year Fixed 5.99% no Fee
  • 5 year Fixed 6.09% £999 Fee
  • 5 year Fixed 6.39% no Fee
  • 3 year tracker 4.49% £999 Fee


HSBC:
  • As of tonight HSBC have re-priced all their mortgage range


Furness:
  • New 3 year Discount product 4.94% 90% LTV