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Weekly Product News w/c 11th May 2010 |
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Friday, 14 May 2010 00:00 |
Intermediary Products
Abbey:
Variables
- Max loan size increased to £1m on 70% 2 year tracker Homebuyer Plus, Homebuyer with £495 fee and Remortgage £995 fee products
- Direct 70% 2 year tracker with £995 fee withdrawn and replaced with new All Channel version
- Launched new All Channel 70% 2 year tracker Remo products with £495 and £1,495 fees
- Intermediary 90% 2 year tracker Homebuyer product withdrawn and launched new Core version
Variables
- Rates reduced on all Direct and Intermediary 70% 2 year fixed Homebuyer, Remo and Homebuyer Plus products
- Launched new All Channel 75% 2 year fixed Core product
- Launched new Intermediary 75% 2 year fixed Homebuyer and Remo products with £495 fee
- Rates reduced on Intermediary and Direct 75% 2 year fixed Homebuyer and Remo products and Direct no fee
- Withdrawn Intermediary and Direct 75% 3 year fixed Homebuyer and Remo products and launched new All channel versions
Accord:
Accord exclusives have been withdrawn for the following networks/packagers:
- PTFS
- CCHF
- Openwork
- Positive Solutions
- Sesame AR’s
- Tenet Lime
- Tenet Connect
- Tenet Connect Services
- Mortgage Advice Bureau
- L&G AR’s
Accord exclusives have been launched for the following networks/packagers:
- Tenet Lime
- Tenet Connect
- Tenet Connect Services
- Mortgage Advice Bureau
- L&G AR’s
- CCHF
Aldermore Bank (New Lender Launched on Prospector):
- Aldermore Bank has released a range of products which are available through a panel of selected distribution partners 3mc, Pink Home Loans, BDS Mortgage Group, Legal & General, Mortgage Intelligence, Mortgage Next, PMS and Personal Touch
BM Solutions:
- Self Build product increased by 50bps
- House to House 1 year tracker replaced with 3 year tracker
C&G:
Acquisition
- Rates increasing by 10 bps on 2 year fixed rates for Homemovers, First Time Buyers, Existing Customers and Remortgages
- Fee free 3 year fixed rates removed for Homemovers, First Time Buyers, Existing Customers and Remortgages
- 4 year fixed rates removed for Homemovers, First Time Buyers, Existing Customers and Remortgages
- Rates reduced by 20 bps on selected 5 year fixed rates for Homemovers, First Time Buyers, Existing Customers and Remortgages
- 2 year trackers replaced by 3 year trackers for Homemovers, First Time Buyers, Existing Customers and Remortgages
- 3 year Stepped tracker replaced with 3 year tracker for Homemovers, First Time Buyers and Existing Customers
Buy to Let With effect from Friday, 14 May 2010, Leeds Building Society is launching the following products.
- Buy to Let 2 Year Fixed Rate up to and including 31 August 2012
- Tier 1 - Buy to Let 2 Year Fixed Rate up to and including 31 August 2012, 5.29% available up to 60% LTV
- Tier 2 - Buy to Let 2 Year Fixed Rate up to and including 31 August 2012, 5.59% available from 61% LTV to 65% LTV
- Tier 3 - Buy to Let 2 Year Fixed Rate up to and including 31 August 2012, 5.79% available from 66% LTV to 70% LTV
Buy to Let 3 Year Fixed Rate up to and including 31 August 2013.
Tier 1 - Buy to Let 3 Year Fixed Rate up to and including 31 August 2013, 5.49% available up to 60% LTV
Tier 2 - Buy to Let 3 Year Fixed Rate up to and including 31 August 2013, 5.79% available from 61% LTV to 65% LTV
Tier 3 - Buy to Let 3 Year Fixed Rate up to and including 31 August 2013, 5.99% available from 66% LTV to 70% LTV
Buy to Let 5 Year Fixed Rate up to and including 31 August 2015.
Tier 1 - Buy to Let 5 Year Fixed Rate up to and including 31 August 2015, 5.69% available up to 60% LTV
Tier 2 - Buy to Let 5 Year Fixed Rate up to and including 31 August 2015, 5.99% available from 61% LTV to 65% LTV
Tier 3 - Buy to Let 5 Year Fixed Rate up to and including 31 August 2015, 6.29% available from 66% LTV to 70% LTV
Coventry Building Society:
- Product codes FXR32 / FXR33 / CPZ65 / TKZ34 / TKZ35 / OMX82 / GBT64 / GBT61 have been withdrawn
- Product codes FXR35 / FXR36 / GBT66 / GBT67 have been launched
Kensington:
- LIBOR rate increased from 0.65% to 0.70%
Legal & General:
- Everyday20 3.49% 2 year Fixed Rate and Everyday 4.09% 3 Year Fixed Rate Northern Rock exclusive launched for Legal & General
L&G Mortgage Club:
- Accord exclusives are now available to L&G DA's
Leeds Building Society:
Leeds is introducing as of tomorrow the following two new products
- Introduced Only Offset 2 Year Fixed Rate up to and including 31 August 2012
- Introduced Only Offset Fees Assisted 2 Year Fixed Rate up to and including 31 August 2012
Market Harborough Building Society:
- Society has launched 2 new 85% Mortgage deals
- With immediate effect the 3.25% Fixed rate has had it’s end date extended to 31 July 2012
Manchester Building Society:
- BTL6A – 2yr Fixed 5.49% 70%
- FIX7B – 2yr Fixed 4.39% 60%
- FIX8B – 2yr Fixed 4.24% 60%
- FIX5B – 2yr Fixed 4.25% 80%
- FIX6C – 2yr Fixed 4.50% 80%
Mansfield Building Society:
- The Mansfield Building Society have launched a 3 Year fixed rate at 5.99% up to 90% LTV (DIX145) and an Offset Tracker for term up to 75% (OFF001)
- Product DID051 now offers a refund of the valuation fee on completion (up to £400)
The Mortgage Works:
- New 80% LTV buy to let products
- 0.20% reduction on 2 year fixed 70% BTL rates
Nationwide:
- Will launch as of tomorrow a re-priced set of products with rate reductions by as much as 0.50% remortgages see an added LTV tier going up to 85%
- Direct range will see their “remortgage in a box” products being removed
NatWest Int Sols:
- Have re-priced all their products and introduced 3 new Corporate products at 60%LTV
Paradigm:
- New Northern Rock semi exclusives including “Everyday20” 2 year fixed product which allows 20% overpayments
Personal Touch:
- Revised Accord exclusives are now available
PMS:
- Everyday20 3.49% 2 year Fixed Rate and Everyday 4.09% 3 Year Fixed Rate Northern Rock exclusive launched for Legal & General
- Accord exclusives have been launched for PMS
Principality:
- A revised range of BTL products are now available
- Rates increased by up to 0.5%
Scottish Building Society:
- With effect from Friday 7th May a new bank base rate tracker mortgage product is available for owner-occupied residential mortgage applications
- The maximum LTV for applications received directly by the branch or submitted via a member of the Society’s Thistle Club is 80%. The maximum LTV for applications received from mortgage intermediaries that are not a member of the Thistle Club is 75%
Sesame AR:
- Kensington exclusives launched for Sesame AR’s – Prime and Prime One products now available
TenetLime:
- Accord exclusives are now available to TenetLime DA's
Tipton Building Society:
- Introduced two new discount rates up to 90% LTV for 2 and 3 years only available on the West Midlands
Woolwich:
Has launched a new revised range of fixed products
- 2yr Fixed 3.14% with max LTV 70% and min loan £250k and a fee of £1999
- 2yr Fixed 3.59% with max LTV 70% and min loan £100k and a fee of £499
- 2yr Fixed 3.89% with max LTV 75% min loan £100k and max loan £500k and a fee of £499
- 3yr Fixed 4.19% with max LTV 70% and min loan £100k and a fee of £499
- 3yr Fixed 5.49% with max LTV 80% and a fee of £999
- 5yr Fixed 5.49% with max LTV 80% and a fee of £999
Direct Products
Chorley & District Building Society:
- Product 289 has been withdrawn and product 292 (2 Year 5.25% fixed rate) has been launched
Halifax:
- Halifax has extended the end dates on the entire Direct Only Home mover and Remortgage products to 31st August
- Purchase and Remortgage Products re-priced, complete by date extended to 30 November 2010
Leeds Building Society:
- New range of 2 year Offset fixed products from 3.40% up to 80% LTV
The Post Office:
- Is launching a new range of 90% LTV deals tomorrow, with two-year fixed rates from 5.45%
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