Industry news and views from Panacea and our partners.
Brilliant Solutions
Monthly Product Blast from Brilliant Solutions.
The Bank of England cut the Base Rate by 0.25% at the start of this month, the next meeting of the commission is on the 20th March.
Brilliant Solutions Product Blast
HSBC have increased the maximum loan amount available on interest only and capital repayment. Virgin Money have reduced selected fixed rates and also launched a new Retro Fit Boost product range that offers your clients up to £15,000 cash back.
Brilliant Solutions Product Blast
Saffron Building Society have withdrawn their 2 and 5 year fixed 80% LTV Residential product. Aldermore have changed their Residential products criteria, InterBay have launched a new cash back Semi-Commercial product and more.
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Brilliant Solutions: Product Blast
The week has brought us an assortment of product reductions, new product launches, criteria enhancements and a few product withdrawals.
Brilliant Solutions: Product Blast
This week brings us an array of product reductions, new product launches, criteria enhancements and select product withdrawals.
Brilliant Solutions: Product Blast
Virgin have amended some of their criteria around self employed, studio flats, properties near commercial units and maximum acreage. Shawbrook have adjusted their affordability for HMO's.
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Brilliant Solutions: Product Blast
This week we continue to see changes following the increase in the Bank of England base rate.
Brilliant solutions: Product Blast
This week continue to see rate reductions and lenders launch new rates. MPowered have launched their residential product range via mortgage clubs.
Brilliant Solution: Product blast
This week we are seeing lenders withdraw and reduce products across their ranges. Newcastle launch into the Shared Ownership market and Tipton coming back to the market with new products and rates.
Brilliant Solutions Product Blast
This week we are seeing lenders re-introduce their fixed rate products and launching new ranges. Gatehouse returns to market with the launch of their new products and ranges
Brilliant Solution: Product blast
This week we are seeing lenders amending variable rates following last weeks Bank of England base rate increase. Alongside this we are starting to see some rate reductions and product relaunches. Molo have introduced their new Savings Booster feature to all their BTL products.
Brilliant Solutions Product blast
This week the Bank of England Base Rate rose by 0.75% making the base rate 3%. We see lenders re-introducing rates, accepting new business and releasing products with rate reductions. To view this week's product update, click here
Brilliant Solutions: Product blast
This week lenders are launching new products across their ranges, Leeds are launching Shared Ownership products and Barclays launches new BTL and RESI products. To view this week's product update.
Brilliant Solutions Product Blast
This week we continue to see lenders withdraw products, increase rates and relaunch product ranges. A number of lenders have made changes to affordability calculators and amend criteria.
Brilliant Solutions Product Blast
This week, rates are continuing to rise and lenders are beginning to respond to the latest Bank of England Base Rate increase announced on 12th August. Pepper Money have withdrawn products. TSB have made increases across various ranges and Coventry have returned to market for new business.
Brilliant Solutions: Product Blast
This week, rates are continuing to rise and lenders are beginning to respond to the latest Bank of England Base Rate increase announced on 4th August. Coventry have closed their new business range, Precise have temporarily withdrawn second charge products & Saffron have withdrawn all products except from their Self-Build range. To view this week's product update.
Brilliant Solutions: Product Blast
This week, we see many product withdrawals and replacements as well as refreshed ranges which the vast majority contain a rate increase.
Brilliant Solutions: Product Blast
This week we see many products being pulled and re-introduced with a higher interest rate. LiveMore have announced that they will be increasing their procuration fees range for intermediaries on their long-term fixed rate mortgage range for the 50-90+ age group. To view this week's product update, click here.
Brilliant Solutions Product Blast
This week we see further product withdrawals and re-launches accompanied by rate increases. Again, many lenders are introducing some interesting changes and enhancements to their criteria. Hodge have now reintroduced their Residential range after having to temporarily withdraw it.
Brilliant Solutions: Product Blast
This week, we can see that the vast majority of lenders are still increasing their rates while continuing to expand their criteria. An interesting criteria change comes from Bluestone who have introduced a new affordability model and increased income multiples exclusively for Sapphire Club members – available via Brilliant
Brilliant Solutions Product blast
Much like last week, lenders are still withdrawing their products and replacing them with increased interest rates. Allica, Foundation and TSB have all implemented some interesting criteria changes. Landbay have launched a new broker portal.
Brilliant Solutions: Product Blast
This week we continue to see the vast majority of lenders withdrawing their products and replacing them with increased rates, along with a further 0.25% increase by the Bank of England. Hodge are temporarily closing to new business all-together to deal with their current workload.
Brilliant Solutions Product blast
This week we continue to see a lot of rate reprices across whole product ranges mainly affecting fixed rate mortgages. Lenders appear to be focusing on expanding their criteria and product offering to open up as many lending opportunities as possible. To view this week's product update,
Brilliant Solutions: Product Blast
This week, we see lenders continuing to follow the trend of withdrawing products and increasing their rates with only a small handful being reduced.
Brilliant Solutions: Product Blast
This week, many lenders have been increasing their rates while withdrawing and refreshing their product ranges. Following the Bank of England base rate increase, within the following few days we will see lenders begin to increase their variable rates and tracker rates.
Brilliant Solutions Product Blast
This week we can see Barclays have increased their Part & Part LTV while TSB have reintroduced and launched a handful of different products. There are many rate increases this week which appear to mainly be due to the most recent Bank of England base rate increase.
Brilliant Solutions: Product Blast
We continue to see some lenders increase rates and some lenders withdraw products. Aldermore, Buckinghamshire Building Society and West One have launched new product ranges. To view this week's product update.
Brilliant Solutions Product Blast
This week we can see the likes of Dudley Building Society & Together Money increasing their maximum loan to values, while Santander has reduced the LTV for Large Loan products. We can see many lenders releasing new products and expanding on their criteria. The Family Building Society has also refreshed their range of Exclusive products which are available via Brilliant Solutions.