Weekly Product News w/c 19th October 2009 PDF Print E-mail
Intermediary Products

Connect BTL
  • New Leeds Exclusive 5.79% fixed for 5 years

Leeds BS:
  • Two Offset Variable products for the LTV have increased from 60% to 80%

Lloyds TSB Scotland Spearhead:
  • New 2 year 7.09% fixed rate product launched at 90% LTV (Purchase Only).

Marsden:
  • Marsden have withdrawn the following 3 discounted products and have not replaced them:

    DS80 (3.39% to 30.11.12.)
    DS80 (3.75% to 30.11.11.)
    DS85 (4.25% to 30.11.11.)

Newbury MS BTL:
  • The arrangement fee has been increased on the BTL 3 year variable mortgage.
  • The purchase product has had the fee increased from £500 to £750.
  • The remortgage product has had the fee increased from £750 to £1,000.

Newcastle BS
  • 4.99% 5 year fixed now available to the whole of market. (Previously Openwork exclusive)

Northern Rock:
  • Northern Rock has amended their Fast Track policy to only accept Fast Track on high credit scores (previously accepted on Medium scores also).

Principality:
  • End dates extended by one month.
  • Reductions in most fixed rates by 0.30%.
    .

Woolwich:
  • The fixed product rates have been reduced by 0.20% to 0.40% only 1 product remained the same: 4.49% 3 yr Fixed.
  • A new BTL tracker was introduced at 3.99% with a max LTV 60% and arrangement fee of 1.75%.

Direct Products

Halifax:
  • Halifax has amended some direct products showing on the Product Transfer / Further Advance fixed range up to 75%.
  • They have added a 3.99% up to 60% with a £999 arrangement fee.
  • They have reduced the rates by 0.10% to shows:
    Was 4.29% now showing as 4.19% between 60% and 75%.
    Was 4.49% now showing as 4.39% up to 60%.
    Was 4.69% now showing as 4.59% between 60% and 75%.

Lloyds TSB Scotland:
  • A revised range of products has been launched for Lloyds TSB Scotland.
  • 2 year fixed rates reduced by 0.10%
  • 3 year fixed rates increased by 0.10%.
  • New 2 year Tracker rates introduced.
  • 3 year Tracker rates increased by 0.10%.

Post Office:
  • Buy to Let - 2Year fixed products up 0.1%, 5 year fixed up 0.4%.
  • Standard New 2 year fixed rates, 3 year fixed down between 0.16% and 0.3%, 5 year fixed up 0.1%.
  • New tracker product for term 3.59%.