Intermediary Products

Platform

Platform is re-pricing mainstream packager products effective from Monday 12th October.

Mainstream Packager Products

• 2 year fixed rates reduced by 0.25% up to 70% LTV
• 5 year fixed rates reduced by 0.20% up to 75% LTV
• All other core & specialist products will remain unchanged

Packagers which have been updated are:-

• Bluefin
• Home of Choice
• Intrinsic
• Legal & General
• Lime
• Mortgage Intelligence
• Mortgage Next
• Openwork
• Personal Touch Financial Services
• Pink Home Loans
• Positive Solutions
• Sesame

Exclusive Mainstream products

• Sesame exclusive 2 year fixed reduced by 0.10% up to 70% LTV
• L&G exclusive 2 year fixed reduced by 0.10% up to 70% LTV
• Openwork exclusive 5 year fixed rates reduced by 0.20% up to 75% LTV
• All other exclusive products will remain unchanged

Cambridge BS

• New range of 2 year tracker and discounted products from 2.89% maximum 90% LTV.

Ipswich BS:

• A new 2 Year Fixed rate product at 5.64% launched.
• A new 3 Year discounted rate product at 0.75% off of SVR has been launched for Existing Members only.

Platform:

• Fixed rates reduced by up to 0.30%.
• Tracker rates reduced by up to 0.55%.
• 5 year fixed rate withdrawn.
• 60% LTV band removed.
• Arrangement fee reduced to £855.
• Current bespoke & semi exclusives withdrawn.
• New 2 and 3 year fixed and 2 year tracker semi-exclusives launched.
• Introduction of a £140 non-refundable administration fee payable at application.
• Reversionary rate increased above 75% LTV.

Dudley BS:

• 3 year 0.50% Discount to now show as a 3 Year 1.0% Discount with a reduced LTV 75%.

BM Solutions:

• New BTL exclusive via PMS 5.79% Fixed for 2 years with £2499 arrangement fee.

Nottingham BS:

• Criteria Change - Minimum employment is now 6 months.

iGroup:

• Purchase is now available (excluding First Time Buyer and Right To Buy).
• New 1 year discount from 4.99% and 3 year fixed from 6.04%.
• 2 year fixed reduced – now from 5.59%.
• Lender fees reduced – now from £995.
• Maximum loan for all LTVs £500,000 .

The Mortgage Works:

Buy to Let products (Single Property Customers):

• New lower arrangement fee options introduced for 1 year & 18 month fixed rate products.
• New 3 year fixed rate product at 5.94%, up to 70% LTV with 2.50% fee.
• Rate and fee amendments on selected 2 year fixed rate products.
• Rates reduced on all 30 month fixed rate products by 0.10%.
• Rate reduction on 18 month tracker to 3.99% (BBR +3.49%) up to 70% LTV (3.50% arrangement fee).
• Withdrawal of 5.99% 18 month fixed rate with £1,000 cashback.
• New 1 year tracker rate product at 3.84% (BBR +3.34%) up to 65% LTV (3.50% arrangement fee)
• New 18 month tracker rate product at 3.99%% (BBR +3.49%) up to 65% LTV (3.50% arrangement fee)
  
  

Buy to Let Easy Remortgage products

• Introduction of £150 non refundable booking fee (to be payable on application) for all easy remortgage products with free valuations, free legals or cash back incentives.
• All arrangement fees reduced by 0.15%.
• Rates reduced on 18 month & 2 year fixed rates by up to 0.10%.

Halifax Affordable Housing:

• Criteria Change: Shared Equity products - The maximum LTV of share is now 95%. (was previously 100%).

Woolwich:

• New range of 75% products with a max loan of £500,000 launched:
• Tracker + 2.44 2.94% for Life
• Tracker + 2.84 3.34% for Life
• 2yr Fixed 3.99%
• 2yr Fixed 4.09%

Savilles Lending Solutions:

• New Tiuta BTL product launched.

Leeds BS:

• Buy to Let 2 year fixed at 5.99% until 31/08/2011 (60% LTV) has been withdrawn.

Alliance and Leicester:

• Various 5 year fixed rate products have had the refunded valuation fee changed to a free valuation fee.
• New 2 year Tracker products launched at 70% and 85% LTV.