Weekly Product News w/c 3rd May 2010 PDF Print E-mail
Friday, 07 May 2010 00:00
Intermediary Products


Alliance & Leicester:
  • Fixed rates cut by up to 0.40% and end dates extended



AToM:
  • BM Solutions mainstream products have been updated for AToM



Cheltenham and Gloucester:
  • End dates extended to July and completion end dates amended to 30/11/2012.



Halifax:
  • End dates extended to 31st July of relevant year along with complete by dates extended to 30th November 2010
  • New Build and selected Affordable Housing complete by dates extended to 31st July 2011



Home of Choice:
  • The Nottingham Building Society Tracker products have been given new product codes.



Leek United Building Society:
  • BTL products 728 and 729 withdrawn



Lloyds TSB Scotland Spearhead:
  • End dates extended to July and completion end dates amended to 30/11/2012



Mansfield BS:
  • New 90% LTV 3 Year 0.70% Discount - Payrate 4.89%



Mortgage Next and Mortgage Intelligence:
  • End dates extended to July and completion end dates amended to 30/11/2012



National Counties:
  • Products F166 and F167 withdrawn
  • New products 4.09% Fixed until 31/08/2013 75% LTV Purchase, 4.29% Fixed until 31/08/2013 75% LTV Remortgage Free Legals, 3 Year tracker 2.99% BBR plus 1.74% (2.99% Floor) remortgage Only



Northern Rock:
  • Reduced selected Everyday Fixed and Tracker rates by up to 0.70%.
  • Moved end dates on from 1 June to 1 August



Principality:
  • 3 year fixed 75% LTV increased by 0.40%
  • 2 year tracker 85% LTV increased by 0.60%



Progressive BS:
  • End dates on Fixed products extended.
  • New Co-Ownership product 5.99% Fixed 3 years maximum 90% LTV
  • The following co-ownership product has been withdrawn: 5.99% Fixed until 01/06/2013 Purchase Up to 90%



PTFS:
  • End dates extended to July and completion end dates amended to 30/11/2012


Direct Products


Clydesdale & Yorkshire Bank:
  • Fixed end dates extended by one month
  • Offset Discount rates reduced by 0.20% & 60% LTV rate increased to 65% LTV
  • New offset variable rate at 85% LTV



Lloyds TSB Scotland:
  • The free valuation incentive has been increased for remortgage loans. The incentive is now a free valuation for mortgages up to £1 million or where property value is under £1.5 million. This was previously only free up to £500k.