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Weekly Product News w/c 2nd Nov 2009 |
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Intermediary Products
Abbey
- 4 year fixed purchase rates reduced by 0.3%
Cheltenham and Gloucester
- New ‘No Application Fee’ products added
- 2 year fixed rates at 60% LTV and 80% LTV have been withdrawn (Large Loans)
- Products at 60% LTV have been reduced by 0.40% (Large Loans)
- 5 year fixed rate at 80% LTV has been reduced by 0.40% (Large Loans)
- The Arrangement fee on the Large Loan products has been changed to 0.25% except for the 3 year tracker at 80% LTV
- Criteria Change – BTL products no longer have free valuations
Coventry:
- LTV decreased on Offset rates.
- Introduction of a new residential tracker @ 2.59% + BoE
Darlington BS:
- Criteria Change - income multiples amended
Lloyds TSB Scotland Spearhead:
- New ‘No Application Fee’ products added
- 2 year fixed rates at 60% LTV and 80% LTV have been withdrawn (Large Loans)
- 3 year Tracker at 60% LTV has been reduced by 0.40% (Large Loans)
- 5 year fixed rate has been reduced by 0.50% (Large Loans)
- The Arrangement fee on the Large Loan products has been changed to 0.25% except for the 3 year tracker
Melton Mowbray BS:
- New 2 year fixed rate at 3.79% launched.
Nationwide
- Downward re-price of fixed and tracker products up to 70% LTV for Homemover and Remortgage
Newcastle BS:
- Two 2 Year Fixed Rate products launched:
- 3.99% until 31/12/2011 75% LTV
- 4.99% until 31/12/2011 80% LTV
Northern Rock:
- Selected Fixed rates reduced by up to 0.30%
- Selected Tracker rates reduced by up to 0.50%
- New Tracker products available up to 80% LTV
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Teachers BS:
- All 2yr Fixed rates withdrawn
Direct Products
Halifax:
- New range of Direct Purchase & Remortgage products launched
- New range of stepped products for both fixed and trackers launched
Lloyds:
- 2.99% fixed rates withdrawn
- 3 year fixed rates increased
Nationwide:
- New FlexAccount 90% LTV purchase products launched
Yorkshire BS:
- Fresh Start 7.29% Fixed product has been withdrawn
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