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Weekly Product News w/c 26th April 2010 |
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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- 60% LTV Stepped Trackers withdrawn (Purchase & Remortgage)
- 75% Stepped Trackers have been withdrawn except for a 75% LTV (BBR+ 4.35% Purchase and Remortgage) and a 75% LTV (BBR+ 4.60% remortgage only)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
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