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Weekly Product News w/c 5th October 2009 |
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Intermediary Products
Alliance & Leicester:
- 2 year tracker rate at 70% LTV has been reduced by 0.15% to 2.94%.
- 3 year fixed rate at 85% LTV for homebuyers has been reduced by 0.11% to 5.88%.
- 2.95% 2 year tracker rate product at 75% LTV has been withdrawn.
- 4.99% 4 year fixed rate at 70% LTV has been withdrawn.
- Two new 3 year tracker rates at 2.79% and 3.19% launched.
- Selected fixed rates reduced by up to 0.20%.
Buckinghamshire Building Society:
- BTL SVR has had amendments made to the fees and ERC.
- In addition all products with the exception of the owner occupied standard variable rate which remains unchanged, a booking fee of £250 is payable on application and the balance on completion which may be added to the loan.
Earl Shilton Building Society:
- A brand new range of products has been launched.
Leeds Building Society:
- Two new trackers launched at 2.99% and 3.49% above BBR, 70% and 75% LTV respectively.
Lloyds TSB Scotland Spearhead:
- 5 year fixed at 75% LTV (Purchase only) with £995 arrangement fee has been reduced by 0.20% to 5.99%. A new fixed rate product (Remortgages only) at 5.99% and 75% LTV has been launched. Two new 2 year Tracker products (purchase and remortgage) introduced at 60% and 75% LTV.
Marsden Building Society (Intermediary):
- Products DS76 and DS77 have been withdrawn. Funds can continue to be booked to close of business on Monday 5th October, subject to tranche limits.
- New discount rate 1.50% off SVR launched.
Newbury Building Society:
- Two new Homebuy products have been launched.
Northern Rock:
- 65% LTV tier removed.
- New 70% LTV tier products launched.
- £995 fee reduced to £595 for Purchase range only.
- Selected fixed rates reduced.
- BTL rates reduced by up to 0.60%.
Nottingham Building Society:
- Fixed rate end dates have been extended.
Newbury Building Society:
- Two new Homebuy products have been launched.
Direct Products
Alliance & Leicester:
- 2 year 3.98% fixed rate at 70% LTV for homebuyers has been reduced by 0.10% to 3.88%.
- 2 year 3.94% fixed rate at 70% LTV for homebuyers has been reduced by 0.11% to 3.83%.
Cheltenham & Gloucester:
- A new fixed rate product at 2.99% has been launched.
Vernon:
- Product FO86 is only available for purchases up to 90% LTV.
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