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Weekly Product News w/c 17th May 2010 |
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Friday, 21 May 2010 00:00 |
Intermediary Products
The Co-operative Bank :
- Has launched a new Lifetime Tracker at 2.49%. There is no application fee and no early repayment charges with a min loan £50k
Clydesdale:
- 2 Year fixed at 75% LTV reduced by 0.10% to 3.89%
- 2 Year fixed at 80% LTV reduced by 0.20% to 5.29%
- 5 Year fixed at 80% LTV reduced by 0.70% to 5.99%
- Revised 2 Year Offset products are now available
- New 2 and 5 Year fixed rates at 65% and 85% LTV
- Product end dates extended to August
Darlington Building Society:
- Fixed Rate 146A1 has been reopened!
Hinckley and Rigby Building Society:
- The 2 year discounted BTL (pay rate 4.39%) has had the Completion Fee reduced from £1500 to £745
ING Direct:
- 2 year Tracker Rate 60% LTV = Products withdrawn and not replaced
- 2 year Tracker Rate 75% LTV Purchase = Rate reduced from 2.59% to 2.34%. Fee increased to £945 (£750 product fee £195 booking fee)
- 2 year Tracker Rate 75% LTV Remortgage = Rate reduced from 2.59% to 2.54%. Fee increased to £945 (£750 product fee £195 booking fee)
Leeds Building Society:
- Has launched 2 new products a 1 Year Fixed Rate up to and including 31 August 2011, 3.99% available up to 60% LTV and a 1 Year Fixed Rate up to and including 31 August 2011, 4.49% available up to 80% LTV
Lloyds TSB Scotland Spearhead:
- The 2 year fixed rates have been increased by 0.10%
- Varied 5 year fixed rates have been increased by 0.20%
- The 4 year fixed rates have been withdrawn
- 3 year tracker products launched
- The 3 year Stepped Tracker has been withdrawn
Mansfield Building Society:
- New 3 year fixed rate at 3.99% DIX146
Market Harbourough:
- New 2.95% above tracker launched as of tomorrow
Newcastle Building Society:
- Loan amount reduced to £350k on all products, including exclusives
Northern Rock:
New L&G exclusives available from Northern Rock with £1966 fee:
- Everyday Fixed 3.09% 01/08/2012 (1966 intermediary exclusive) Purchase 75% LTV (L&G)
- Everyday Fixed 3.09% 01/08/2012 (1966 intermediary exclusive) Remortgage 75% LTV (L&G)
- Everyday Tracker BBR plus 1.89% until 01/08/2012 (1966 intermediary exclusive) Purchase 75% LTV (L&G)
- Everyday Tracker BBR plus 1.89% until 01/08/2012 (1966 intermediary exclusive) Remortgage 75% LTV (L&G)
Key Changes
- Selected Everyday Fixed rate and Tracker products reduced by up to 0.10%.
Platform:
Semi-Exclusive products available to appointed representatives L&G / Mortgage Advice Bureau / Sesame / Personal Touch / Openwork
- Mainstream 4 year fixed semi-exclusive products launched, Mainstream 2 year tracker semi-exclusive Minimum loan reduced to £150,000
Skipton Building Society:
Semi Exclusives for Pink AR & BDS AR
- 3 year Fixed products
- 5.29% Fixed until 31/07/2013 with £995 fee and a max LTV 85% for Purchase Only & 5.49% Fixed until 31/07/2013 with £995 fee with a max LTV 85% for Remortgage Only with free legals and free valuation
- 3 year Tracker products
- 4.49% Tracker(BBR 3.99%) with £695 fee with a max LTV 85% for Purchase Only, 4.69% Tracker(BBR 4.19%) with £695 fee with a max LTV 85% for Remortgage
Scottish Widows Bank:
- Increased rates on 60% and 75% LTV products
- Introduction of interest only products up to 75% LTV
- All products above 75% LTV limited to capital and interest
Whiteaway Laidlaw Bank Ltd:
- All products have been withdrawn
Direct Products
Cheltenham & Gloucester:
- End dates extended to July
- Completion end dates extended to 30/09/2010
- New products launched with a £1,395 fee
- Further advance end dates changed to 30/06/2010
First Direct:
- Offset Variable 65% LTV decreased 0.1%, Repayment range fixed rates decreased
Lloyds TSB Scotland:
BTL
- 3 Year Tracker products have been withdrawn
All Products
- End dates extended to July
- Completion Deadline date extended to 30/09/2010
RBS and NatWest:
- Direct have re-priced all their products as of today
Skipton Building Society:
- All current products have been withdrawn
Skipton Building Society has launched a new range of Direct Only products
- 2 Year Fixed Rate 4.99% - Purchase only - Existing Customers Only
- 2 year fixed Rate 6.19% - Purchase Only - Existing Customers Only
- 2 year fixed rate 6.99% - FTB Only - Existing Customers Only
- 2 year tracker 4.19% (4.69%) - Purchase Only - Existing Customers Only
- 2 year tracker 5.29% (5.79%) - Purchase Only - Existing Customers Only
- 2 Year Fixed Rate 5.19% - Purchase only
- 2 Year Fixed Rate 5.39% - Remortgage only (Free Valuation and free Legals)
- 2 year fixed Rate 6.39% - Purchase Only
- 2 year fixed rate 7.19% - FTB Only
- 2 year tracker 4.39% (4.89%) - Purchase Only 2 year tracker 4.59% (5.09%) - Remortgage Only (Free Valuation and free Legals) 2 year tracker 5.49% (5.99%) - Purchase Only
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