This week Key has released its Market Monitor report for the whole of 2018 and it highlights that the equity release market continues its record-breaking growth. The number of new plans in 2018 is up 21% and overall lending has increased by 19% year on year.
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.
Saffron Building Society have withdrawn their 2 and 5 year fixed 80% LTV Residential product.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.
The week has brought us an assortment of product reductions, new product launches, criteria enhancements and a few product withdrawals.
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