Weekly Product News w/c 31st May 2010 PDF Print E-mail
Monday, 07 June 2010 00:00
Intermediary Products

Buckinghamshire BS:
  • Sealing Fee has been increased from £75 to £100
  • The Buckinghamshire Building Society no longer accepts overpayments
  • SVR increased by 0.49% as of 1st June

Cambridge BS:
  • The following product has been restricted to 75% LTV: 2 Year Fixed 4.59% until 16/12/2011 Remortgage Restricted Area
Clydesdale:
  • Residential products (up to 75% LTV) have had the maximum loan amount increased from £750k to £1 million

Hinckley & Rugby BS:
  • Three new discount products launched
  • New 2 year discount 70% LTV pay rate 2.99%

Holmesdale BS:
  • 2.89% Discount rate LTV increased from 60% to 75%
ING Direct:
  • Child Maintenance and Child Education are now taken into account
  • CRITERIA CHANGE - up to £1 million is capped at 70% LTV and anything above 70% LTV at £500k

Leeds BS:
  • Increased Standard Variable Rate by 0.20%. For New and Existing Borrowers it is now 5.69% and The Buy to Let Variable Rate is now 5.99% (SVR 0.30%)

LTSB Scotland Spearhead:
Residential
  • The range now reverts to the new Homeowner Variable Rate (HVR) of 3.99%
  • Repayment products have been decreased by 0.10%
  • Interest Only products have increased by 0.10%
Buy to Let
  • The range now reverts to the new Buy to Let Variable Rate (BVR) of 4.84%

Large Loans
  • Large Loans are no longer available on an interest only basis

Monmouthshire BS:
  • New two year discount rates introduced

Newbury BS:
  • Affordable Housing products are now only available on a repayment (capital & interest) basis.

Nottingham BS:
  • Product FXRB64 has been launched on the Premier Club BTL range

TBMC:
  • Platform exclusives have been withdrawn
  • The Mortgage Works exclusive Light Refurb. Product has been withdrawn
  • The Mortgage Works exclusives (5.79% fixed and 3.99% tracker) have both been withdrawn

Scottish BS:
  • Re-priced their 3 year discount rate to 1.50% discount over SVR

Direct Products

Market Harborough:
  • New Direct Only 2.89% 2yr Fixed with an arrangement fee of £1200

Leeds BS:
  • New range of 3yr fixed direct only products launched
  • 3.99% at 60% LTV up to £500,000 with a completion fee of £400 or 3.99% at 60% LTV over £500,000 with a completion fee of 1%
  • 4.49% at 80% LTV up to £500,000 with a completion fee of £800 or 4.49% at 80% LTV over £500,000 with a completion fee of 1%

LTSB Scotland:
  • All products with a £395 fee have been withdrawn.
  • Residential & Further Advances - The range now reverts to the new Homeowner Variable Rate of 3.99%
  • Buy to Let - The range now reverts to the new Buy to Let Variable Rate of 4.84%