Weekly Product News w/c 22nd Mar 2010 PDF Print E-mail
Friday, 26 March 2010 00:00
Intermediary Products



Accord:
  • All Accord exclusives have been withdrawn for PMS



Cambridge Building Society:
  • The 5 Year Fixed 5.89% until 16/12/2014 has been withdrawn
  • New 5 year fixed rates launched



Cheltenham & Gloucester:
  • New 4 year fixed rates available for homebuyers and remortgages
  • A new 5 year fixed rate has been introduced on the remortgage range
  • 5.99% Tracker has been withdrawn from the homebuyer range
  • The Stepped Tracker has had the rate increased by 0.30%



Clydesdale/Yorkshire Bank:
  • New 60% LTV products 3.69% 2 years and 4.99% 5 years



Home of Choice:
  • Home of Choice has launched a Darlington Building Society exclusive (Discount 122)



Ipswich Building Society:
  • New BTL 2 year fixed rate at 5.50% launched



Igroup:
  • Have reduced initial rates by up to 1.00% and reversionary rates by up to 0.75%



ITL Mortgages:
The following products have been withdrawn:
  • 4.29% Fixed until 31/01/2012 then SVR for term
  • 5.12% Fixed until 31/03/2012 then SVR for term

The following products have been introduced:

  • 3.75% fix to 30/6/2012 to 75% LTV Max
  • 4.70% fix to 30/6/2012 to 80% LTV Max



Lloyds TSB Scotland Spearhead:
  • New 4 year fixed rates available for homebuyers and remortgages
  • A new 5 year fixed rate has been introduced on the remortgage range
  • 5.99% Tracker has been withdrawn from the homebuyer range
  • The Stepped Tracker has had the rate increased by 0.30%



Northern Rock:

Key changes:

  • New Business 85% LTV Residential Fixed rates reduced by up to 1.20%
  • Everyday 2 Year Fixed rates to start from 5.49% up to 85% LTV with a £595 fee for purchase customers or £995 fee for remortgage customers
  • Everyday 5 Year Fixed rates to start from 6.49% up to 85% LTV with a £595 fee for purchase customers or £995 fee for remortgage customers
  • End dates will be extended to 1 June on both the New Business and Mortgage Review product ranges



Nottingham Building Society – Premier Club Only:
  • New 4.49% fixed rate until 01/04/2012 launched (FXR690).



Saffron Building Society:
  • New Lifetime Tracker launched (BBR+ 3.19% for Term).



Shepshed:
  • New range of 7 products up to 80% LTV for brokers



Direct Products

First Direct:

  • First Direct introduced a new set of products on their repayment range



Ipswich Building Society:
  • New BTL 2 year fixed rate at 5.50% launched



Leek United Building Society:
  • The Society has withdrawn the 3 year fixed rate (723) and the 3 year Tracker product (722)



Lloyds TSB Scotland:
  • BTL Trackers withdrawn
  • New 2 year Tracker (BBR+ 2.49%) with a 2.5% fee
  • 4 year Fix rates withdrawn, tracker rates with 3% arrangement fee withdrawn



Market Harborough Building Society:
  • A revised Tracker product at BBR+ 1.98% is now available (No refund of valuation fee).
  • New Tracker BBR+ 2.15% now available
  • New Fixed rate at 3.25% until 30/04/2012 now available



Post Office:
  • Have decreased their interest rates by as much as 0.20%, arrangement fees increased to 999, and dates extended by 3 months



Saffron Building Society:
New Lifetime Tracker launched (BBR+ 3.19% for Term)


The Nottingham:
  • The following product has been withdrawn from The Nottingham:
  • FXR686 3 Year Fixed 5.89% until 01/04/2013 then VMR for term up to 70% LTV Remortgage



Yorkshire Building Society:
  • End dates extended to May
  • Revised product range launched
  • 2 and 3 year fixed rates at 85% LTV reduced by up to 0.70% - 2 year fixed now from only 4.49% with £495 product fee
  • 5 and 10 year fixed rates at 75% LTV reduced by 0.10% - now from 4.69%
  • Headline 1, 2 and 3 year fixed rates at 60% and 75% LTV remain available