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Weekly Product News w/c 19th October 2009 |
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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- Marsden have withdrawn the following 3 discounted products and have not replaced them: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%.
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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%.
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