Intermediary Products

Abbey:

• Launched new mid loan (£550k to £750k) tracker & fixed Homebuyer and Remortgage products
• Product end dates, completion deadlines and incentive end dates rolled on 1 month

Alliance & Leicester:

• From 1st June all A&L products no longer revert to an SVR of 4.99% but will revert to BBR 3.74% (4.24%)
• Fixed rate charge end dates extended by 1 month to 31st July

BM Solutions:

• BTL 1 year tracker replaced with a 2 year tracker with a flat fee
• The Business Mortgage Company has withdrawn the BM Solutions exclusive product EDO (7150 1 Year 4.70% Tracker) and replaced it with EDP (7151 2 Year 4.85% Tracker).

Coventry Building Society:

• Product code BTL / GBT59 has been withdrawn.

Halifax:

• Has launched a new range of 2yr Fixed products with max LTV 85% for Homemovers, First Time Buyers and Remortgages.

Home of Choice:

• Home Of Choice has been renamed First Complete.

Mansfield Building Society:

• 2 year fixed rate (DIX144) has been withdrawn.

Marsden Building Society:

• Marsden have re-priced their entire range

Melton Mowbray Building Society:

• The 2 Year 3.25% Fixed to 31/05/2012 then SVR for Term has been withdrawn.
• Product restrictions have been lifted. Products are now available anywhere within England and Wales.

Nationwide:

• Has reduced the 5 year product rates for homebuyers and remortgages.
• Please update your systems accordingly.

Newbury Building Society:

• New 3 Year BTL Variable rate launched.
• New 3.24% fixed rate until 31/05/2012 launched.
• have withdrawn their 3.24% Fixed rate until 31/05/2012 with immediate effect

Nottingham Building Society:

• The following products have been withdrawn by The Nottingham Building Society:

• BTL FXRB64 5.29% 3 yr fixed
• BTL LMR006 6.54% Variable Rate
• Residential TRK100 3.49% BBR 2 yr Tracker
• Residential FXR702 4.99% 3 yr fixed

Sesame / Nottingham Building Society:

• FXRB64 (BTL)
• LMR006 (BTL)
• FXR700
• FXR699

Nottingham Premier Club:

• Product codes FXR700 & FXR699 have been withdrawn from The Nottingham Premier Club range.

Nottingham Premier Club BTL:

• Product code FXRB62 has been withdrawn from The Nottingham Premier Club BTL range.

Vernon Building Society:

• New 3 Year Variable Rate Buy To Let Mortgage 70% LTV Purchase and Remortgage launched.

Woolwich:

• Various 2 year and 3 year fixed rates have been withdrawn.
• Has launched a new revised range of all there current products.
• The end dates on the fixed rates have been extended to 30th September.

Direct Products

Abbey:

• From 1st June any mortgages purchased through our Direct Channels will be branded as Santander

Britannia Building Society:

• 2 year fixed rate (Option 1) has been reduced by 0.24% to 2.95%.
• 5 year fixed rate (Option 1) has been reduced by 0.50% to 3.99%.
• Maximum valuation of £500k applied to all products.

Co-Op:

• The current Two Year Fixed Rate 75% LTV Fee £999 only will be replaced with a new rate of 2.95%
• The current Five Year Fixed Rate 75% LTV Fee £999 only will be replaced with a new rate of 3.99%
• Maximum valuation of £500k applied to all products.

ING Direct:

• 2 year Tracker 75% LTV Purchase Rate increased from 2.34% to 2.54%

Loughborough Building Society :

• 3 year 2% discount (Pay rate 2.99%) with a £799 fee. Max LTV 75% max advance £350k

• 2 year 0.75% discount. (Pay rate 4.24%) Fee £999 max LTV 70% max advance £250K

Market Harborough Building Society:

• The 2 year fixed rate at 2.95% (75% LTV) has been opened up to purchases.
• Market Harborough building Society has launched a revised Direct Only product.
• The 2.95% 2 Year Fixed now has 80% LTV and £900 arrangement fee.

Norwich and Peterborough:

• The fee on the Green Self Build 5 Year Fixed rate has been reduced to £695.