Weekly Product News w/c 7th June 2010 PDF Print E-mail
Monday, 14 June 2010 00:00
Intermediary Products
Abbey:
  • Abbey have reduced the rates on their three-year fixed rate mortgages by up to 0.04%
Alliance & Leicester:
  • Alliance & Leicester have reduced the rates on their three-year fixed rate mortgages by up to 0.04%
BM Solutions Transfer:
  • Dates pushed forward to October on all Transfer ranges
Cambridge Building Society:
  • New 2 Year Tracker (BBR 3.29%) AT 80% LTV launched
Halifax:
Halifax has launched a revised range of Product Transfer & Further
  • Advance products with new end dates 30th September and new completion end dates of 31st December 2010
  • And a new 3 yr fixed and tracker has been launched with LTV 60%
Halifax Exclusives:
Halifax has launched a new range of semi exclusives for Sesame, L&G, MAB & Intrinsic
  • Homemover & First Time Buyer FRF310 - 2 yr Fixed 3.89% max LTV 60% with £499 arrangement fee, FRF314 – 2 yr Fixed 4.09% max LTV 75% with £499 arrangement
  • Remortgage Service FRF312 - 2 yr Fixed 3.89% max LTV 60% with £499 arrangement fee, FRF316 – 2 yr Fixed 4.19% max LTV 75% with £499 arrangement
Manor Mortgages:
The products for Bath Building Society have been revised. The following products are now available:
  • Three year discount 3.60% to 75% LTV
  • Three year discount 4.10% to 80% LTV
  • Holiday Let rate – 5.89% for term (SVR 0.79%)
  • Parent Assisted Mortgage 4.70% at 90% LTV
  • Parent Assisted Mortgage 5.10% at 95% LTV
The products for Clydesdale Bank have been revised. The following products are now available:
  • 2.59% offset discount (off SVR) to Aug 2012 to 65%
  • 2.99% offset discount (off SVR) to Aug 2012 to 75%
  • BTL 5.99% fixed to Aug 2012
The products for IGroup have been revised. The following products are now available:
  • 4.79% LVM0 75%
  • 4.84% GEM1 60%
  • 4.99% LTM1 75%
  • 5.89% GEM1 70%
The products for The Mortgage Works have been revised. The following products are now available:
  • 4.69% 1 yr Tracker 80% (2.5% arr fee)
  • 4.99% Lifetime Tracker
  • 5.99% 1 yr Fix 80% (£1795 arr fee)
  • 5.99% 2 yr Fix 80% (2.5% arr fee)
Market Harborough:
New product launched to replace the offset discount
  • Offset Tracker – 2.30% above Bank of England Base Rate for 2 years followed by 3.49% above Base for Term
Nationwide:
  • From 11th June 2010 Nationwide will be implementing a re-price across the range including a withdrawal of the 1 year Fixed and 4 year Fixed rates
Sesame AR:
  • Product codes 3590 & 3639 have been replaced with 3683 & 3684 for the Principality Building Society
Teachers:
  • Dates extended by one month on both FTB deals
The Mortgage Works:
New Residential Prime range now available. Key features of the Prime range include:
  • Free standard valuation, free standard legals and cash back options
  • Capped tracker mortgages
  • ERC free tracker mortgages
  • A Lifetime variable rate
  • Step down and stepped tracker ranges
  • Percentage arrangement fees
Tipton:
  • D159 0.40% Discount until 30 June 2012 (90% LTV)
  • D163 0.40% Discount until 30 June 2013 (90% LTV)
Yorkshire Building Society:
  • 2 year fixed rates at 75% and 85% LTV reduced by up to 0.14% - now from 2.89% (2.99% Offset)
  • 3 year fixed rates at 75% LTV reduced by up to 0.10% - now from 3.79% (3.89% Offset)
  • 10 year fixed rates reduced by 0.30% - now from 4.99%
Direct Products
Cheltenham & Gloucester:
A pricing differential of 0.20% is being introduced for all interest only loans
  • Residential - 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%
Skipton Building Society:
Two new products launched for existing customers:
  • 2 Year Tracker BBR 4.59% Remortgage Only 85% LTV
  • 2 Year Fixed at 5.39% Remortgage Only 85% LTV
  • Tracker mortgages for New Customers have had the Completion Fee reduced from £995 to £695