Financial Update 11th May 2021

Residential Update

Platform, the intermediary mortgage brand of The Co-operative Bank, is relaunching its 95% LTV mortgage products from Monday 10th May.
Dudley Building Society has launched a regional 95% LTV mortgage and a new large loan product for amounts of up to £1.5 million.
The Nottingham re-enters 95% LTV market
Loughborough BS relaunches 95% LTV mortgage
Vida launches limited edition 85% LTV residential range
Barclays has expanded the availability of Green Home mortgages to include any newly built property purchased directly from the builder or developer with an energy efficiency rating of 81 or higher, or an energy efficiency band A or B

Buy-2-Let Update(s)

Coventry for intermediaries has reduced selected rates on its buy-to-let mortgage range at 70% LTV and below by 10 basis points.
Virgin Money is launching intermediary exclusive buy-to-let mortgages with £1,000 cashback, with options also available to portfolio customers.The new buy-to-let exclusives are available up to 75% LTV with a two-year fixed rate available at 1.91% and a five-year fix at 2.13%, both with a £1,995 fee.
The Mortgage Works (TMW), the buy-to-let lender of Nationwide Building Society, has reduced rates across its limited company range by up to 0.35%.