This week, we can see several criteria changes being made by many lenders such as Aldermore, Dudley, Metro, Natwest, Progressive & United Trust Bank. Buckinghamshire Building Society have launched a new affordability calculator. The Monetary Policy Committee has also decided to increase the Bank of England Base Rate to 0.25%.
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Saffron Building Society have withdrawn their 2 and 5 year fixed 80% LTV Residential product.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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