|
Weekly Product News w/c 22nd Mar 2010 |
|
|
|
|
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- All Accord exclusives have been withdrawn for PMS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- The 5 Year Fixed 5.89% until 16/12/2014 has been withdrawn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- 5.99% Tracker has been withdrawn from the homebuyer range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The following products have been withdrawn: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- 5.99% Tracker has been withdrawn from the homebuyer range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- The Society has withdrawn the 3 year fixed rate (723) and the 3 year Tracker product (722)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
|