24th March
Landbay amend their variable rate and 2 year fixes.
Together Loans amend their rates across their product range, mainly on their variable rate products but also on their bridging loans.
22th March
Fleet has amended its rates, no great changes apart from slightly lower fixed rates with higher fees.
West One launch new 5 Year Fixed products with a 3 Year ERC and new Lifetime Tracker products.
Product changes as follows
• Introduction of new 5 Year Fixed products with a 3 Year ERC. This product is stressed at pay rate and is targeted at borrowers who want long term payment stability with the flexibility to exit early. Rates from 4.99% (Standard) and 5.19% (Specialist).
• Introduction of new market leading Lifetime Trackers. Rates from BBR+1.65% (Standard) and BBR+1.85%(Specialist).
• Re-introduction of Core Green Standard and Specialist ranges priced -10bps to equivalent non-green products.
• Increase to <55% LTV Standard and Specialist Limited Edition product rates. Standard and Specialist Limited Edition rates above this LTV are unchanged. .
• Introduction of ERCs to our Core Discount Tracker products
15th March
YBS Commercial Mortgages has introduced a new five-year fixed rate deal available for loans on retail, office, industrial, warehousing, quality leisure facilities and other kinds of commercial property, and can be accessed on a capital-and-interest, and interest-only basis. YBS will consider loans of up to £3 million at a rate of 6.99%, up to 75% LTV (capital and interest repayment), or 7.15% to 65% LTV (interest only).