31st October 2008
Chelsea
Launched new 2 year variable discount product
Openwork - Halifax
Withdrawn 3 year fixed product transfer & further advance product.
30th October 2008
Alliance & Leicester
New maximum LTV of 85% for new customers through Intermediary channels including the 3year
fixed and 3year tracker products (currently retail exclusive products)
3 year tracker and 3 year fixed products available up to 90% LTV for existing NBS borrowers
moving home, switching or taking further borrowing for home improvements
Increase to 2 year trackers with £599 fee
Increase to 3 year trackers
Increase to 2 year trackers with £1999 fee
3 Year Fixed Rate (First Time Buyer) & 3 Year Tracker Rate (First Time Buyer)
M-Times - Platform
Withdrawn 3 yr 5.99% BTL product
Openwork - Bank of Scotland
Launched 3 new AMP+ term tracker mainstream exclusives, BBY596, BBY597 and BBY598 at 6.59%
Stroud & Swindon
Reduced the LTV on 6.80% BTL product to 60%.
TBMC - BMS
Launched new BTL 3 year tracker at BBR + 0.99% up to 75% LTV and 2 year tracker at
BBR + 1.09 up to 75% LTV and two BTL flexible term trackers at BBR + 2.50% up to 75% LTV
29th October 2008
Accord L+C
Launched new fixed rate products from 5.69%
Astra from N&P
Reduced the discount on the discount for term products for PoS-D and frontline BTL
The fixed rate has been increased by 0.20% as has the reversionary rate
Increased the reversionary rate on the 2 year fix and track scheme
Astra from N&P - CMS
Reduced the discount on the discount for term products for PoS-D and frontline BTL
The fixed rate has been increased by 0.20% as has the reversionary rate
Increased the reversionary rate on the 2 year fix and track scheme
Bank of Scotland
Launched new Personal Choice products including a remortgage version and a Large Loan version
L&G - Astra
Increased the rate on the 1 year fixed and tracker product
National Counties
Withdrawn 5 year fixed products B13 and B14 and launched new 3 year products B17 and B18
Openwork - West Brom
Withdrawn their Fixed 5.89% exclusive
Pink Home Loans - SBS
Launched new 5.67% and 6.17% until 31/01/13.A free valuation and legals fees are available for remortgage cases.
RBSIP - Royal Bank
Launched new 2 year fixed rate at 5.75% up to 65% LTV and new 5 year fixed at 6.79% up to 85% LTV and 7.25% up to 90% LTV
RBSIP - First Active
Launched new 2 year fixed rate at 5.75% up to 65% LTV and new 5 year fixed at 6.79% up to 85% LTV and 7.25% up to 90% LTV
28th October 2008
Openwork - Halifax
Launched new 3 year product transfer products
Cheltenham & Gloucester
Launched new Tracker and Fixed products
Halifax
Launched new New Build tracker product
National Counties
Extended the completion date on fixed product to 09.01.09. Increased the completion fee on Residential Investment Standard Variable Rate to £995
Northern Rock
Launched new flex fixed rates for purchase and remortgage and BTL as well as residential
Principality
Launched New tracker products
Standard Life bank
Reprised term trackers, 5 year fixed, low rates and standard products
27th October 2008
Chesham Building Society
Minimum deposit required for their products is now 40%.
Coventry/Coventry BS Godiva
Reduced SVR to 6.84% and Privilege rate to 6.50%
Coventry - CMS
Reduced SVR to 6.84% and Privilege rate to 6.50%
Coventry Godiva - CMS
Removed BTL products GBT07 and GBT08
Furness BS
Reduced SVR to 6.94%. Launched new 3yr BBR Tracker products Pur+Rem 6.25%, 80% LTV, £699 product fee
L + G Club - Halifax
Launched new Prod TfrFADV Tracker until 31-1-2012 CLA438 up to 75% LTV at BBR + 1.49% with a £1,749 fee
Leeds BS
Launched new BTL 2yr Fixed 6.59% until 31/01/2011 70% LTV product. 2.5% product fee, no HLC
Iloan – SWB
Launched a new 2 year BBR + 1.99% tracker and a 2 year fixed rate at 6.49% both up to 70% LTV
Ipswich Building Society
Launched 2 yr Affordable Homeloan product 0.19% discount from SVR
Mansfield
Withdrawn the products BRT005
Mortgage Next - Halifax
Launched a new Product Transfer product CLA438
Mortgage Times – Kensington
Withdrawn all exclusives
Mortgage Intelligence - Halifax
Launched new Prod TfrFADV Tracker until 31-1-2012 CLA438 up to 75% LTV at BBR + 1.49% with a £1,749 fee
Monmouthshire
Reduced SVR to 6.69%. Launched three new 3yr Tracker products 5.88%, 75% LTV, product fee £199 - £599, differing incentives on each product
Pink Home Loans – Igroup
Launched new 2 year tracker products with £200 cashback for GEM1, GEM3, GEM4, GEM6, GEM7, LTM0 and LTM2 along with 3 year trackers for LVM0
Premier Mortgage Services - Halifax
Launched new Prod TfrFADV Tracker until 31.01.12 CLA438 up to 75% LTV at BBR + 1.49% with a £1,749 fee
Scarborough Building Society
Revised Tracker rates and Product codes
Sesame - Halifax
Launched new Prod TfrFADV Tracker until 31-1-2012 CLA438 up to 75% LTV at BBR + 1.49% with a £1,749 fee
Skipton Building Society
Launched new Fixed and Tracker residential rates and 3 and 5 year fixed products
25th October 2008
Thinc - Skipton
Replaced their exclusives with 3 year fixed range available at 60%, 75% and 85% with a £895 arrangement fee
Woolwich
Launched new BTL products 18G199T, 18H199T and 18P699F
24th October 2008
AToM - FN
Launched new discount products
First National
Withdrawn FTB and all fixed rates across their range. New discount products have been launched. Max LTV’s have also been revised. Full Status – Near Prime, Ultra light, Light and Light2Medium - 75%; and Medium - 60% Self Employed – FTB+, Near Prime+, Near Prime and Ultra light - 75% and Light, Light2Medium and Medium - 60% Northern Ireland is 70%. Adverse criteria has also been revised. Minimum property valuation is now £100,000. Maximum property valuation £1,500,000 in London and South East, £1,000,000 for the rest of UK.
Furness Building Society
Revised their LTV to 60% on products LET 5 and LET36.
IIB Homeloans
Launched new 2, 3 and 5yr Fixed and Standard Variable Rate products 5.20% - 6.19%, 80% - 90% LTV
Pink Home Loans – Platform
Launched 2 year trackers Minor and Light adverse full status and self-cert all with £200 cash back and 2 year fixed Minor and Light adverse full status and self-cert all with £200 cash back
Pink Home Loans - FN
Launched new 2 year discount products and included a £200 cashback incentive payable on completion
Marsden
Launched new Discount Tracker, Fixed, Tracker, Capped Tracker and Standard Variable Rate products 5.69% - 6.99%, 65% – 75% LTV, product fees from £0 - £749 with booking fees of £0 - £200
Scottish Widows
Revised Professional and Flexible range of products
23rd October 2008
Openwork - Accord
Increased maximum loan to £750k on all products
Abbey
Reduced there max loan to £250,000 on there 3 year trackers, 3 year fixed and 5 year fixed to 85% LTV. Also reduced the rate on the 3 year fixed to 70% LTV by 0.15% to 5.39%
Iloan – SW
Withdrawn Lifetime Tracker and current 2 year Tracker BBR + 0.99% and launched a new 2 year Tracker with a rate of BBR+149% with a £1,499 arrangement fee, an LTV up to 70% and also with and without offset.
The Mortgage Works
Launched new 2 year fixed, 3 year fixed, 5 year fixed and 2 year tracker large loan products for 65% between £500,000 and £5,000,000. With free valuation for purchase and remortgage on properties values up to £2,000,000. and free legals for properties values up to £2,000,000 on remortgage only
22nd October 2008
Coventry
Withdrawn BBR + 1.99% term tracker product TKZ23 and launched new fixed until 31.12.13 at 6.99% product FIX37
Coventry - CMS
Withdrawn BBR + 1.99% term tracker product TKZ23 and launched new fixed until 31.2.13 at 6.99% product FIX37
Church House Trust
Products RB01 – RB05 BBR Trackers have been withdrawn and replaced with RB06 – RB10 and products NB01 – NB05 BBR trackers have been withdrawn and replaced with NB06 – NB10
Pink Home Loans - F Na
Re-launched range with £200 cashback incentive on all products
Pink Home Loans - PL
Re-launched range with £200 cashback incentive on all products
Scarborough Building Society
Withdrawn all tracker products, including residential and BTL core range and Limited edition mortgage products
TBMC - TMW
Launched new fixed rates from 5.49% and trackers from BBR + 1.39%
21st October 2008
Buildstore - Lloyds TSB
Revised 2 year Tracker to BBR+ 2013%. Its max LTV is now 75%. SVR is now 6.50%
Earl Shilton
Revised SVR to 7.10%
Openwork - Skipton
Withdrawn 6.64% fixed product until 30.11.11 (90% LTV)
Chesham Building Society
Extended end dates and removed remortgage incentive on existing products and launched a new discount product which is 1.00% below their SVR until 31.11.11. There is also a £250 Reservation fee
Leeds Building Society
Reduced the maximum LTV for the following products is being reduced from 90% to 85%
Fee Free 3 Year Fixed Rate at 7.09% up to and including 30 November 2011
Introduced Only 2 Year Fixed Rate at 7.14% up to and including 30 November 2010
Introduced Only Fee Free 2 Year Fixed Rate at 7.49% up to and including 30 November 2010
Introduced Only 3 Year Fixed Rate at 6.74% up to and including 30 November 2011
Introduced Only Offset 3 Year Fixed Rate at 7.59% up to and including 31 August 2011
Introduced Only Fee Free Offset 3 Year Fixed Rate at 8.19% up to and including 31 August 2011
Withdrawn cases - Leeds Building Society will not be accepting any more applications on the above products where the case is above 85% LTV
Progressive Building Society
Revised SVR to 6.74%. Fixed rate products improved and end dates extended by 2 months. House purchase discount over 80% LTV reduced to 75%. Remortgage products imporoved to equal house purchase products up to 80% LTV. Introduced valuation fee scale.
The Shepshed Building Society
Withdrawn all products in readiness for a new range which will be released shortly
20th October 2008
AToM - BMS
Withdrawn all product transfer products
AToM - TMW
Increased valuation fee scale by £50
Birmingham Midshires
Launched new Mainstream fixed rates to 01.04.12 and 01.04.14, along with BTL fixed rates with a rental calculation of 125% at BBR + 0.75% and Self Cert fixed up to 75% LTV
Britannia
Amend Standard variable rate to 6.3% and Standard Unison rate to 6.05 in line with the BBR decrease.
Chesham
Introduced a standard variable product at 7.2% which is available nationally. This carries a booking fee, erc for 2 years and interest is charged daily
Halifax
Launched new FTB/HMV. Remortage and Product Transfer product
Leeds Building Society
Revised their Max LTV for New Build properties to 80%, with the exception of Shared Ownership & Shared Equity.
Manchester Building Society
Withdrawn the following products with immediate effect, TL3c and TL5c
Mortgage Times – Platform
Launched a BONUS ++ Conforming BTL fixed rate at 5.99% until 01.03.12. Remortgages offer free legals.
Nottingham Building Society
Withdrawn their 3 yr BTL Tracker (TRKB27 and 3 yr BTL Fixed (FXRB45)
Pink Home Loans - All lenders
Revised valuation fee scale
Pink Home Loans – SBS
Reduced the max LTV to 85% for prime residential products
PHL Direct – Skipton
Reduced the max LTV to 85% for prime residential products
Skipton
Reduced the max LTV to 85% for prime residential products
Skipton
Revised rental income requirement to 125%
The Mortgage Works
Launched new 2, 3 and 5 year fixed products along with new 2 year trackers, increased follow on rate on Buy to let's to BBR + 2.49% and new maximum loan per property to £1.5m at 50% LTV, £1m at 65% LTV and £350K at 70% LTV
16th October 2008
AToM - B&W
Withdrawn 5 year fixed 6.59% product (ARX)
AToM - TMW
Withdrawn all products which offer a free valuation and Free legals with immediate effect
Cheltenham & Gloucester
Launch new All Weather trackers and Mainstream tracker products for Purchase and remortgage
Lloyds TSB
Revised All Weather Tracker 2 year Tracker and Tracker for Term products
Nationwide
Increased Valuation and Homebuyer report fees. They have also reduced the multiple used in their affordability calculation to 4.1 x income
Woolwich
Launched new offset and Lifetime Tracker product. Remortgage customers will receive a free valuation
Zebra - B&W
Launched a new range of fixed and First Start products
15th October 2008
Abbey
Reduced rates on all 2 and 3 year 60% and 75% variable trackers and all there flexi rates by 0.10%
Astra Buy to Let - PoS-D
PoS-D BBR +1.59% for term - without incentives (code 3589)
Rate to increase from BBR +1.59% to 1.74% code 3614
Reservation fee to change from £899 to 1% of advance
PoS-D BBR +1.79% for term - with incentives (3588)
Rate to increase from BBR +1.79% to 1.94% code 3615
Reservation fee to change from £899 to 1% of advance
PoS-D 0.55% discount for term - without incentives (code 3598)
Discount to reduce from 0.55% to 0.40% code 3616
Payable rate to increase from 6.50% to 6.65%
Reservation fee to change from £899 to 1% of advance
PoS-D 0.45% discount for term - with incentives (3599)
Discount to reduce from 0.45% to 0.30%
Payable rate to increase from 6.60% to 6.75% code 3617
Reservation fee to change from £899 to 1% of advance
Buy-to-Let -Non PoS-D/front line
BBR +1.84% for term - without incentives (code 3537)
Reservation fee to change from £899 to 1% of advance code 3618
BBR +2.04% for term - with incentives (3536)
Reservation fee to change from £899 to 1% of advance code 3619
0.40% discount for term - without incentives (code 3600)
Discount to reduce from 0.40% to 0.30% code 3620
Payable rate to increase from 6.65% to 6.75%
Reservation fee to change from £899 to 1% of advance
0.30% discount for term - with incentives (3601)
Discount to reduce from 0.30% to 0.20% code 3621
Payable rate to increase from 6.75% to 6.85%
Reservation fee to change from £899 to 1% of advance
Buy-to-Let Limited Companies
SVR (7.05%) for term without incentives (code 3613)
Reservation fee to increase from 0.75% to 1% of advance code 3622
Bank of Ireland
Withdrawn 3 year (TX2) and 5 year (TX4) buy to let products and have amended there SVR to 6.59% from 7.09% inline with the Bank Base rate decision last week
Bank of Scotland - IRL
Launched new fixed and tracker products
Bristol & West
Revised SVR to 6.49%
Principality
No longer uses income multiples to assess applicants. Lending is now based on affordability
Sesame – Accord
Withdrawn there 90% LTV products 5671 and 5674 and replaced them with 80% LTV products 5756 and 5757
14th October 2008
AToM - B&W
Launched new standards, SC, Buy to Let and First Start products
Bristol & West - CMS
Withdrawn product APF, APG and APH
Lloyds TSB
Updated rates and end dates on fixed products
Openwork - B&W
Reduced the LTV and product codes on 5 and 10 year fixed products
PHL Direct - Platform
Launched new Almost Prime 3 year fee assisted fixed rates starting from 7.39%
TBMC - B&W
Launched new BTL fixed products starting from 7.19%
TBMC - BMS
Launched new BTL and House to House products
13th October 2008
AToM - B&W
Withdrawn products ARY, ARZ. ARU and ARV from standard range. AQS from SC range,ASC from their Buy to Let range and AQA from First Start product
Launched new Personal Choice Tracker products available for Purchase and Remortgage products with a £999 fee
Bank of Scotland
Reduced Home Loan rate to 6.85%. They have also launched 2 new BTL 3 year fixed rates until 30.11.11, BFA628 and BFA629. BBY564, BBY573, BBY565, BBY574, BBY568, BBY569, BBY570, BBY571, BBY576, BBY577, BBY562, BBY563.
Chelsea - CMS
Withdrawn product 3 year discount product 3321
Halifax
Reduced there SVR by 0.5% to 6.50% inline with Bank Base Rate
Iloan - SW
Revised 2 year fixed rates and reduced trackers inline with the Bank Base Rate
Lloyds TSB
Reduced SVR by 0.5% to 6.50% inline with Bank Base Rate
Manor - B&W
Withdrawn all exclusives
Manor - Heritable
Withdrawn all exclusives
Melton Mowbray
Reduced SVR by 0.5% to 6.49% inline with Bank Base Rate
Monmouthshire
Withdrawn products F068, F069 and F070 and replaced them with F074, F075 and F076 with reduced rates. They have also launched 2 new tracker products T009 and T010 and amended there deeds and Sealing fees
Mortgage Times - First National
Launched new products throughout the range which offer a free valuation for properties up to £500k
Northern Rock
Launched new Interediary Exclusive product and reduced there SVR to 7.34%
Openwork - Bristol & West
Withdrawn BTL 6.65% 5 year fixed product code APQ
Personal Touch - Bristol & West
Withdrawn there BTL 6.85% 5 year fixed product code APT
Personal Touch - Marsden
Withdrawn 2 year 5.84% Tracker
Premier Mortgage Services - Bristol & West
Withdrawn exclusive products App and APN
Sesame - B&W
Withdrawn exclusives
10th October 2008
Abbey
Increased all Tracker rates by 0.5%
Kensington
Withdrawn current range
Platform
Revised end dates of 2 and 3 year Fixed products. The 2 year Fixed end date is extended until 01.03.11 and the 3 year Fixed end date is extended to 01.03.12
Scottish Widows Bank
Launched new 2 and 5 year Fixed rates and amended Tracker rates
Stroud and Swindon
Withdrawn Self Cert 7.99% Fixed rate until 30.09.13
Thinc - Skipton
Launched new 3 year Fixed products upto 90% LTV with free val and legals for remortgage
9th October 2008
Chelsea
Decreased maximum exposure on all lending to £1,000,000 from £2,000,000 per household
Lloyds TSB
Withdrawn residential Tracker rates at 90% LTV in the £50k-£999999 banding
8th October 2008
Abbey
Increased rates on most Fixed rates and increased max loan on 60% LTV Fixed rates to £350,000
Decreased rates on 5 year Fixed K298C and K298R and also decreased the booking fee to £995
AToM - TMW
Launched a new range of products to include both BTL and Self cert
AToM - Newcastle
Withdrawn 2 and 3 year standard and Buy to let products within range
C&G
Launched new range of Fixed and Tracker BTL products
Also launched full range of Mainstream Trackers
These include 2, 3, 5 year and term products from 4.99% to 7.29%, LTV’s from 60% - 90% and product fees from £0 - £3995. There are also new products with a 2.5% product fee
Chesham
Withdrawn Buy To Let mortgage rates and will not offer this type of lending at present. They are also not allowing additional borrowing (further advances) on existing BTL mortgages.
They have also decided not to include any bonus payment as part of the normal affordability calculations.
First Trust Bank
Withdrawn Base Rate Tracker product (BBR + 1.6%)
Heritable
Withdrawn all products with immediate effect
Leeds BS Ireland
Launched a new ECB + 2.20 Lifetime Tracker, Max 70%
Northern Rock
Launched new BTL Flex Fixed 2.5% Fee 6.49%, 1.5% Fee 6.99%, No Fee 7.74% products
Openwork - Principality
Withdrawn 5.79% 5 year Fixed rate (product code 2536)
Pink Home Loans - First National
Increased the reversionary rate on all GEight products by 0.50%
Praxis - Platform
Withdrawn all products
Principality
Launched new products, both standard and BTL to take effect 10.10.08
TBMC - TMW
Launched new 2, 3, 5, and 10 year BTL Fixed products 5.49% - 6.99%, 65% - 75% LTV, 110% - 120% BTL rental calculation. Also launched new 2 year BTL Tracker products 6.09% - 6.29%, 65% - 75% LTV, 2.5% product fee
The Mortgage Works
Launched a new range with new TMW Online Only exclusives with Free Valuation, Free legal’s or £500 Cash back. Also they have launched a new valuation fee scale
Woolwich
Launched new A4V 5 year Fixed product at 6.99 until 31.01.14 up to 85% LTV for Purchase only
7th October 2008
Cobalt - Newcastle
Withdrawn all products
Openwork - Principality
Launched new 5 yr 5.84% Fixed product code 2633
6th October 2008
AToM - Leeds
All BTL products withdrawn
Bank of Scotland
Revised HMV & FTB products as well as REM Large Loans products and PT & FADV products
Britannia
Revised the 2 year Fixed rates and 2 year Discount Tracker products. Increased the rates for the 90% LTV to all core products. There are no changes to BTL products.
Cheshire
Withdrawn 6.69% 2 year Fixed BTL product
Halifax
Revised HMV & FTB products as well as REM and Large Loans products. PT & FADV remain the same.
Manor - B&W
Withdrawn products AQW, AQX and ARC
RBSIP - Natwest
Launched a new BTL range of products until 31.10.10 and 31.10.13, rates range from 6.69% to 6.89%. Remortgage versions offer Free valuation and free legal fees via lenders conveyancer
RBSIP - First Active
Launched a new 2 year Fixed remortgage product which has a free valuation and fee legals. It has an LTV up 75% and a £999 arrangement fee
RBSIP - Royal Bank
Launched a 5 year Fixed product until 31.12.13 with a 90% LTV. Available for purchase and has a fee of £999
Scottish Widows - CMS
Revised Flexible and Professional Fixed products until 30.11.13
Sesame - Scottish Widows
Launched product FD037 Flexi Lifetime Tracker and PD117 Professional Lifetime tracker both as BBR + 1.39% to a max LTV of 75% and with a free valuation up to 70% LTV and £300,000 for remortgage only
TBMC - B&W
Launched new BTL 3 yr and 5 yr Fixed SC products, 6.89% - 7.29%, LTV's 75% - 85%, all have 1.5% product fees
TBMC - BMS
Launched new BTL 2 yr, 3 yr and Term Tracker products, 5.89% - 7.50% rates, 65% - 75% LTVs, 1.5% - 2.5% product fees
4th October 2008
Intelligent Finance
Launched new Offset purchase and Remortgage products
SJP Bank
Launched new Offset Purchase and Remortgage products
3rd October 2008
AToM - B&W
Withdrawn products standard residential products AQJ, AQK, AQL, AQM and But to let products AQW, AQX, ARA and ARB
Bristol & West
Launched new 3 and 5 year BTL Fixed rate products
Buildloan - BMS
Launched new Self Cert Tracker products
Coventry - CMS
Launched new products across range
Coventry Godiva - CMS
Launched new products across range
MBS Lending
Launched new Near Prime Plus, Near Prime, Light Adverse, Medium Adverse, Heavy Adverse and Heavy Plus Fixed and Tracker products
Mortgage Next - Chelsea
Launched a 2 and 3 year variable Discounted products for Residential purposes
Stroud & Swindon
Reduced the LTV on SC product to 75%
Zebra - B&W
Launched new 3 and 5 year BTL Fixed rate products
2nd October 2008
IIB Homeloans
Launched new Fixed and SVR products
Leeds Building Society
With immediate effect, Leeds Building Society will only accept Buy-to-Let applications where the applicants portfolio is no greater than 4 properties. This limit includes properties that may be financed by other lenders. All other criteria remains the same.
Thinc - Skipton
Revised rate of product CD5YR6 to 5.89%
1st October 2008
Bank of Scotland
Added 2 new Self Cert Trackers BBY560, BBY561
Added 2 new Buy to Let Trackers BBY562, BBY563
Mortgage Times - Platform
Introduced BONUS Fixed rates until 01.09.11
Pink Homeloans - SBS
Launched new Fixed rates (LTV dependent) until 30.11.12
PHL Direct - Skipton
Launched new Fixed rates (LTV dependent) until 30.11.11
Tipton & Coseley
Launched new products