Weekly Product News w/c 15th Feb 2010 PDF Print E-mail
Friday, 19 February 2010 00:00
Intermediary Products

3MC
  • 2 year fixed rate at 4.25% (EDM) and 5 year fixed at 5.99% (EDQ) have been withdrawn from BM Solutions.


BM Solutions:
  • launched 2 new BTL intermediary products.
  • 2 yr Fixed 4.60% Max LTV 60% and max loan amount of £250k.
  • 5 yr Fixed 5.99% Max LTV 75% and max loan amount of £350k.
Cheltenham and Gloucester:
  • A new stepped tracker product has been launched by Cheltenham and Gloucester at 90% LTV.
  • A 6.19% 3year fixed rate product has been launched by Cheltenham and Gloucester at 85% LTV.
  • Two new tracker products have been launched by Cheltenham and Gloucester.


Hanley Economic:
  • SVR increased by 0.45% to 5.19% from 1st March 2010


Hinckley and Rugby:
  • Discount rates have been decreased now offering a 2% discount of the SVR


ITL Mortgages:
  • Launched a new 2 Year 4.19% (1.80%) Discount product.


Lloyds TSB Scotland:
  • 3 new remortgage tracker products launched at 60%, 75% and 85% LTV with a 3% arrangement fee.
  • New stepped tracker product has been launched by Lloyds TSB Scotland Spearhead at 90% LTV.
  • 6.19% 3 year fixed rate product has been launched by Lloyds TSB Scotland Spearhead at 85% LTV.


Mansfield Building Society:
  • 2 Year fixed rate reduced to 3.59%


Natwest:
  • Shared equity LTV raised to 75% and rate decreased by 0.50% as of tonight


Principality:
  • BTL rates have all been reduced by 0.10%


The Mortgage Works:
Buy to Let products (Single Property Customers):
  • Selected 1 year & 18 months fixed rates reduced by up to 0.30%.
  • Selected 1 year tracker rates reduced by 0.10%.
  • 1 year fixed and tracker products with easy remortgage options reduced by 0.10%.
  • 18 month fixed rate product, 60% LTV with 2.50% fee, rate increased to 4.89%.
Let to Buy products (Single Property Customers):
  • 1 year fixed and tracker rates reduced by 0.10%.
Light Refurbishment products (Single Property Customers):
  • 1 year fixed and tracker rates reduced by 0.10%.
New Switch to Fix range

Switch to Fix facility is available on selected Tracker products and allows the customer to switch to a new business fixed rate (within the same range as their original application) at any time during the benefit period without incurring Early Repayment Charges
  • 1 year tracker rate 3.24% with 3.75% fee, 60% LTV.
  • 1 year tracker rate 3.89% with 3.50% fee, 70% LTV.
  • 2 year tracker rate 3.89% with 3.50% fee, 60% LTV.
  • 2 year tracker rate 4.24% with 3.50% fee, 70% LTV.
New Buy to Let HMO range
  • 1 year fixed rate 4.39%, with 3.50% fee, 65% LTV.
  • 18 month fixed rate 5.29%, with 3.50% fee, 65% LTV.
  • 2 year fixed rate 5.89%, with 3.50% fee, 65% LTV.
  • 1 year tracker rate 4.34%, with 3.50% fee, 65% LTV.
New Buy to Let Limited Company range
  • 1 year fixed rate 4.39%, with 3.50% fee, 70% LTV.
  • 18 month fixed rate 5.29%, with 3.50% fee, 70% LTV.
  • 2 year fixed rate 5.89%, with 3.50% fee, 70% LTV.
  • 1 year tracker rate 4.34%, with 3.50% fee, 70% LTV.

Direct Products

Hanley Economic:
  • SVR increased by 0.45% to 5.19% from 1st March 2010


Teachers Building Society:
  • Products amended for Teachers Building Society.