Industry news and views from Panacea and our partners.
Mortgages_
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
Saffron Building Society have withdrawn their 2 and 5 year fixed 80% LTV Residential product.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.
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.
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 Solutions Product Blast
This week we see many lenders reducing rates across product ranges.
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, 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
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 several lenders re-pricing their product ranges with many withdrawals and replacements. Newcastle have launched a new range specifically for Lifetime ISA customers and The Mortgage Lender have launched a new mortgage range with a 4 tier structure.
Brilliant Solutions Product Blast
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Brilliant Solutions Product Blast
Welcome back to 2022 product blast! This week we can see many lenders making changes to their criteria to kickstart the New Year.
Brilliant Solutions: Product Blast
This week, we can see several criteria changes being made by many lenders such as Aldermore, Dudley, Metro, Natwest, Progressive & United Trust Bank.
Brilliant Solutions: Product Blast
This week, we see various new products launched. The most noticeable of them comes from Precise with the reintroduction of their Debt Management Plan range, Zephyr with their Green EPC, New Build and Flats above Commercial products, Virgin with their cashback and Greener Shared Ownership products and Nationwide with the reintroduction of their 90% LTV remortgage and Further Advance products.
Brilliant Solutions: Product Blast
This week, lenders such as Kensington & Metro have increased their maximum LTV's on select ranges.
Brilliant Solutions Product Blast
This week, we can see plenty of new products and ranges being launched. A lot of lenders such as Accord, Hinckley & Rugby, OneFamily, Suffolk & West One continue to enhance their criteria. To view this week's product update,
Brilliant Solutions Product Blast
This week, MBS, Santander & Barclays have all made improvements to their systems to make things easier for brokers. Some lenders are continuing to reduce their rates such as Saffron, Principality & Progressive Building Society along with Family Building Society who have reduced their rates for their Exclusive range which is available via Brilliant Solutions. We can also see a scattering of new products being launched, criteria being enhanced and all round improvements being made.
Brilliant Solutions Product Blast
This week, The Mortgage Works have reintroduced HMO products across their ranges & Nationwide have brought back Tracker products.
Brilliant Solutions: Product Blast
Following on from last week, we can see a few lenders increase their rates. Accord have brought out a new tool to help evaluate new build deals.
Brilliant Solutions: Holiday Let & Self Build Webinar
Have a look at our wide range of webinars including the forthcoming live Holiday Let and Self Build webinar at our events page.
Brilliant Solutions: The Melton Holiday Let Webinar
This Holiday Buy to Let Webinar provides brokers with a full overview of holiday buy to let mortgages, including how they differ from standard buy to let, how affordability is assessed, how to submit business and lots of other handy hints and tips.
Brilliant Solutions: Product Blast
This week sees a number of lenders introducing and relaunching products. These include Fleets new Limited Liability Partnership product range, Harpendens new joint borrower sole proprietor products
Brilliant Solutions: Product Blast
This week we are seeing a real mixed bag. There are increases and reductions, withdrawals and relaunches along with some criteria change improvements. The Mortgage Lender and Zephyr have launched new limited edition products.
Brilliant Solutions: NEW EVENTS: Live Briefings and more
NEW EVENTS: Live Briefings and more We have an expanded range of live events which cover a range of areas.
Brilliant Solutions: NEW LENDER: Gatehouse Bank
Join our Sales Director, Michael Craig and Simranjeet Gill of Gatehouse as they uncover Sharia Mortgages and the opportunities for intermediaries. This 30 minute webinar also offer CPD. Register here or go to our Events Page for details on our On Demand Webinars including Metro Bank's plans for 2021 and beyond.
Brilliant Solutions: NEW Webinar for March: The Age of The Unlendables
Join our MD, Mathew Arena and Reece Beddall of Bluestone as they go through the new specialist era that is only just starting to take shape.