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, click here.
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Saffron Building Society have withdrawn their 2 and 5 year fixed 80% LTV Residential product.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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