8 February 2010 mortgagesolutions-online.com
Intermediary Products
Alliance and Leicester
Have re-priced their exclusives and extended the rates to April. Rates
decreased by 0.04%
BM Solutions
End dates extended to 31 March of the relevant year.
NEW two-year fixed and one-, two- and five-year trackers added to HMV, FTB
and Remortgage BTL range.
Maximum loan value amended to 500,000 on House to House range.
Two-year tracker product withdrawn from House to House range.
Chelsea Building Society (Sesame)
New Chelsea exclusive fixed rate at 5.29% until 28/02/2015 added for
Sesame ARs only.
Cheltenham and Gloucester
Three-year fixed rate 6.89% at 85% LTV (purchases only) has been
withdrawn.
Completion end dates extended to 30/06/2010.
End dates on products extended from Feb to March.
Various three- and five-year fixed rates have been decreased between 0.1%
and 0.3%
Completion end dates on fixed rate products extended to 30/06/2010.
End dates on products extended from Feb to March.
Clydesdale Bank
End dates extended until April.
Arrangement fee on residential products reduced from �1499 to �999.
Two-year fixed rate at 75% LTV has been reduced by 0.3%.
Five-year fixed rate at 75% LTV has been reduced by 0.2%.
Two-year offset rate at 75% LTV has been reduced by 0.2%.
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Prime movers
BROKER PRODUCTS
29 January
BROKER PRODUCTS
5 February
DIRECT PRODUCTS
5 February
Max LTV
Interest
Only
Repayment
Interest
Only
Repayment
Interest
Only
Repayment
>95% 0 0 0 0 0 0
95% 0 0 0 0 0 0
90% 0 0 0 0 0 0
85% 0 0 0 0 0 0
80% 0 0 0 0 0 4
75% 71 70 67 67 38 40
70% 179 170 163 165 42 44
65% 194 199 181 187 43 45
60% 275 289 267 282 54 56
50% 275 285 267 278 51 53
40% 275 285 267 278 51 53
Data based on a mortgage of �150,000
Purchase Remortgage
Buy to let
BROKER PRODUCTS
29 January
BROKER PRODUCTS
5 February
DIRECT PRODUCTS
5 February
Max LTV
Interest
Only
Repayment
Interest
Only
Repayment
Interest
Only
Repayment
>95% 0 0 0 0 0 0
95% 0 0 0 0 0 0
90% 0 0 0 0 0 0
85% 0 0 0 0 0 0
80% 0 0 0 0 0 5
75% 79 78 72 72 37 40
70% 195 196 198 200 41 45
65% 217 222 218 224 42 46
60% 317 331 316 331 53 57
50% 317 327 316 327 50 54
40% 317 327 316 327 50 54
Data based on a mortgage of �150,000
Market Data
First Direct
Tracker rates decreased by up to 0.2%, fixed rates decreased by up to 0.7%
Hinckley and Rugby Building Society
Launching two new buy-to-let mortgage products.These are a BTL basic variable
rate mortgage (current rate payable 5.64%) and BTL two-year discount (current rate
payable 4.39%).The maximum LTV for both of these products is 65%.
Leeds Building Society
Shared ownership fees assisted five-year fixed rate at 7.99% up to and including
31/01/2015 is withdrawn.
New LTV tier at 80%.
Dates rolled over to April.
Lloyds TSB Scotland
Completion end dates on fixed rate products extended to 30/06/2010.
End dates on products extended from Feb to March.
3 year fixed rate 6.89% at 85% LTV (purchases only) has been withdrawn.
Completion end dates extended to 30/06/2010.
End dates on products extended from Feb to March.
Various 3 & 5 Year Fixed Rates have been decreased between 0.1% and 0.3%.
Natwest
Introduced a launch range of exclusives available to various networks.
Newbury Building Society
New three-year discounted product 75% LTV introduced with an initial rate of
2.99% with a �999 fee.
Geographical restrictions amended.
Three-year discounted product 75% LTV with a �500 fee has been reduced from
3.45% to 3.24%.
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