Weekly Product News w/c 2nd Nov 2009 PDF Print E-mail
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  • 2 year fixed rates at 60% LTV and 80% LTV have been withdrawn (Large Loans)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  • 2 year fixed rates at 60% LTV and 80% LTV have been withdrawn (Large Loans)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
    .


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  • All 2yr Fixed rates withdrawn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  • 2.99% fixed rates withdrawn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  • Fresh Start 7.29% Fixed product has been withdrawn