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Weekly Product News w/c 31st May 2010 |
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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- Platform exclusives have been withdrawn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 Product has been withdrawn
- The Mortgage Works exclusives (5.79% fixed and 3.99% tracker) have both been withdrawn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%
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