Weekly Product News w/c 8th Mar 2010 PDF Print E-mail
Friday, 12 March 2010 00:00
Intermediary Products



BM Solutions:

Retention

  • NEW House 2 House 2 year Fixed and Tracker rates for further borrowing starting from 5.60%

Specialist

  • End dates extended to July of relevant year on selected products across the range
  • 2 year fixed Buy to Let at 4.6% has been withdrawn



Cheltenham & Gloucester:

Purchase Range

  • End dates extended to May
  • Completion end dates extended to 30/09/2010
  • New 2 year Tracker at 85% LTV for Existing Customers moving home

Remortgage

  • End dates extended to May
  • Completion end dates extended to 30/09/2010



Furness:
  • 5 year BBR + 2.89% tracker products available with immediate effect



Ipswich Building Society:
  • With immediate effect all Ipswich Building Society mortgages (except for our Affordable Home Loan for shared ownership) will be available to intermediaries in Suffolk, Norfolk, Essex, Cambs, Beds and Herts



Lloyds TBS Scotland Spearhead:

Homebuyer and Remortgage Products

 

  • End dates extended to May
  • Completion End dates extended to 30/09/2010
  • PURCHASE ONLY – New 2 Year Tracker at 85% LTV

Buy to Let Range

  • 2 New Stepped Trackers available at 75% LTV



Manor Mortgages:
  • The PAMS 95% LTV product via Bath Building Society has been withdrawn



TFC Homeloans:

TFC Homeloans has introduced products with the following lenders:

  • MBS Lending
  • Platform
  • IGroup



The Mortgage Works:

New Guarantor product range

  • Under the Full Liability range, the guarantor must be able to afford the entire mortgage in addition to their existing commitments.
  • Limited Liability products require the applicant to afford at least 70% of the loan amount on application, with the guarantor supporting the shortfall (up to a maximum of 30%) plus a further 10%.



Direct Products



Co-op Direct:
  • The Co-op have removed their 3 year discounted rate from the market



ING Direct:
  • 5 year Fixed Rate 60% LTV = rate reduced from 4.72% to 4.66%
  • 5 year Fixed Rate 75% LTV = rate reduced from 4.82% to 4.76%
  • 2 year Tracker Rate 60% LTV = rate reduced from 2.54% to 2.49%
  • 2 year Tracker Rate 75% LTV = rate reduced from 2.64% to 2.59%



Yorkshire Building Society Direct:
  • New 2 year fixed rate product at only 2.99%, the first time they have offered a 2 year fixed rate under 3%
  • In addition they are also reducing their 85% LTV tracker products by 60bp