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Weekly Product News w/c 3rd May 2010 |
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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- BTL products 728 and 729 withdrawn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- Products F166 and F167 withdrawn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- The following co-ownership product has been withdrawn: 5.99% Fixed until 01/06/2013 Purchase Up to 90%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.
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