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Saffron Building Society have withdrawn their 2 and 5 year fixed 80% LTV Residential product.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