Mortgage Product Update 14/5/2021

The following updates were completed and are live in SOURCE today:

Bank of Ireland

Bank of Ireland have replaced some products across their residential, HTB and First Start product ranges, and extended end dates to August.

Barclays Bank

Barclays Bank have reduced interest rates on select residential purchase, remortgage and transfer reward ranges as well as having introduced 3 & 5 year fixed purchase only premier products at 75 & 80% LTV.

Clydesdale Bank & Yorkshire Bank

Clydesdale Bank & Yorkshire Bank have made the following changes to their Residential range:

Policy changes:

  • 90% LTV rates: products with max loan £450k increased to £540k; max term increased from 30 years to 35 years; Flats now accepted in buildings up to 4 stories as long as not ex-local or ex-MOD; New Build still remains excluded for 90% LTV.
  • Professional 90% LTV London rates extended to London & SE* (max loan of £750k)
  • 85% LTV product max loan amount increased to £1m (fee and fee-free products)

Rate changes:

  • Select 2 & 5 year Full C&I 75% LTV rates have been reduced by up to 0.05%
  • New 90% LTV London & SE* products launched for loans between £540k-£750k
  • The Full C&I range with £1499 fee (currently for loans over £500k) have been withdrawn. The existing Full C&I range with £999 fee is now available for all loan sizes.

Legal and General Home Finance

Legal and General Home Finance have introduced their Violet product variants to customers aged 55-59.

Mansfield Building Society

Mansfield Building Society have launched new 2 year fixed products available for Purchase only with a max LTV of 95%, as well as a 3 year fixed one with a max LTV of 90%.

Metro Bank

Metro Bank have introduced new Professional purchase, remortgage and retention products to their residential ranges between 75-90% LTV as well as updating their professional criteria to allow three new professions.

Reliance Bank

Reliance Bank have temporarily removed their entire product range.

Scottish Widows Bank

Scottish Widows Bank have reduced interest rates on 2 & 5 year fixed remortgage products at 60% LTV.

The Mortgage Lender

The Mortgage Lender have launched a new remortgage range with free legal and standard valuation fees.


TSB have introduced new 2 Year Fixed First Time Buyer, House Purchase and Remortgage £0 fee products. They have also increased and reduced various rates across both their Direct & Intermediary product ranges.

Vida Homeloans

Vida Homeloans have launched new Limited Edition Buy to Let products at 75% LTV for their Vida 1 tier, as well as Residential Fee Saver products at 70% and 75% LTV across all Vida tiers.

Virgin Money

Virgin Money have extended their end dates to October as well as amending their 90% max LTV criteria.

New Mortgage Guarantee products available for FTBs, Purchase and Remortgage applications have also been newly introduced.

West Bromwich Building Society

West Bromwich Building Society have extended end dates on their core residential and HTB ranges to August, as well as amending rates and increasing the max loan size of their 95% products to £350k.

More Posts

Mortgage Product Update 11/8/2021

The following updates were completed and are live in SOURCE today: Leeds Building Society Leeds Building Society has reduced selected Buy to Let fixed rates

Mortgage Product Update 20/07/2021

The following updates were completed and are live in SOURCE today: NatWest NatWest has updated rates on selected Residential Intermediary products, and withdrawn selected Intermediary

Mortgage Product News 19/07/2021

The following updates were completed and are live in SOURCE today: Accord Accord has updated rates and cashback amounts for selected New Business Residential products.