Twenty7Tec Product Changes Daily Update: Monday, 10th May 2021

We have seen an increase in updates titled “with immediate effect”, which is outside of agreed 24 hours’ notice, these are being completed earlier where possible or fitted into the following day’s schedule.

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

Halifax

Halifax Intermediary have reduced interest rates on select 2, 3 & 5 year fixed purchase products – this change affects new build mortgage products as well.

Hanley Economic Building Society

Hanley Economic Building Society has relaunched selected Retirement Interest Only and Self Build products, as well as launching a new 2 Year Fixed Residential product at 95% LTV and a new 5 Year Fixed Buy to Let product at 80% LTV.

Marsden Building Society

Marsden Building Society has launched three new Residential mortgage products.

Platform

Platform made various changes across their product range:

  •  Extended end dates across the entire range to August of their respective years.
  •  Reduced rates on selected products across their new business and professionalresidential, retention residential and BTL products.
  •  Re-introduced 95% products to support first time buyers and customers with lowdeposits, however applications will not currently be available for those purchasing flatsor maisonettes.
  •  Residential application LTV limits increased for Capital raising and Debt consolidationfrom 75% to 85%.
  •  Minimum lease term is extended from 70 years to 85 years.

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Santander UK Plc

Santander has withdrawn their 85% LTV 2 year fixed rate Purchase product at 2.53% with £999 fee and their 85% LTV 2 year fixed rate Purchase product at 3.15% with £0 fee. They have also launched a new 70% – 75% LTV for 2 and 5 year fixed rates (Purchase) with a minimum £350k loan size exclusive to Intermediaries only, and an 85% LTV for 2 and 5 year fixed rates (Purchase) with £199 and £0 product fees exclusive to Intermediaries only.

Tipton & Coseley Building Society

Tipton & Coseley Building Society have made select Residential product changes.

The following updates are scheduled for tomorrow (any embargoed updates, or those not yet received cannot be included in the list below, in line with our agreements with lenders):


If you have any questions, please contact editingteam@twenty7tec.com

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