This week we are seeing lenders amending variable rates following last weeks Bank of England base rate increase. Alongside this we are starting to see some rate reductions and product relaunches. Molo have introduced their new Savings Booster feature to all their BTL products.
The Bank of England cut the Base Rate by 0.25% at the start of this month, the next meeting of the commission is on the 20th March.
Saffron Building Society have withdrawn their 2 and 5 year fixed 80% LTV Residential product. Aldermore have changed their Residential products criteria, InterBay have launched a new cash back Semi-Commercial product and more.
The week has brought us an assortment of product reductions, new product launches, criteria enhancements and a few product withdrawals.
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