Some of the finance providers which have either repriced or temporarily withdrawn their product suites include Together, Foundation Home Loans, Precise Mortgages, InterBay and Kent Reliance.

More details about the latest product changes can be found below.

This page will be constantly updated with the latest product changes — stay tuned for more news.

1:30pm, 29th September 2022

United Trust Bank 

United Trust Bank (UTB) has revised its BTL product range.

Its standard and specialist suites are now available from 6.34% for two-year fixes and 7.35% for five-year fixes.

Meanwhile, prices for its non-standard products start from 6.69% for two-year fixed-rate options and 7.70% for five-year fixes.

5:30pm, 28th September 2022

Landbay

Landbay has temporarily withdrawn its fixed-rate products.

The lender's managing director for intermediaries, Paul Brett, has confirmed its range of tracker rates with no ERCs remains available for customers.

"We are still fully committed to the BTL market; we are keeping a close eye on developments and will reintroduce fixed rates again as soon as we can," he added.

Zephyr Homeloans 

Zephyr Homeloans has temporarly pulled back all products to new customers as a result of ongoing market volatility.

The lender stated it is actively monitoring the market and broader developments, and intends to launch new products once market conditions have stabilised.

4pm, 28th September 2022

Together

Together has temporarily paused lending on all fixed-rate products.

Across its bridging range, the lender has also increased rates for standard products by 10 basis points.

In addition, it has introduced a new 50% LTV band for commercial bridging, which is priced from 0.85%.

For its BTL range, Together has announced that all loan sizes will have the same 6.25% variable rate on its standard product — second-charge BTL will be priced 100 basis points above this.

The lender has also reduced the maximum LTV for remortgage and second-charge BTL to 70%.

The lender’s director of products, Ryan Etchells, has confirmed that the pause will not affect any of Together’s commercial and personal finance variable rate products, which remain available to its adviser partners and customers.

“We want to make it clear that this is a temporary measure to give us the time needed to comprehensively assess what is an incredibly uncertain market, to ensure we have the right product suite for this challenging environment,” Ryan added.

“We will continue to keep our adviser partners and customers up to date on any developments.”

OSB Group

OSB Group’s specialist lending brands Precise Mortgages, Kent Reliance and InterBay have withdrawn several product ranges.

Precise Mortgages has pulled back its 75% LTV BTL and 75% LTV refurbishment BTL exit products.

Meanwhile, Kent Reliance has withdrawn its 75% and 85% LTV BTL products.

Lastly, InterBay has removed its 65% LTV commercial and semi-commercial products.

In addition, the lender has pulled back its 75% LTV BTL options, as well as all holiday let products.

OSB Group has confirmed it has also temporarily withdrawn all its existing fixed-rate mortgage products.

The group will relaunch its replacement fixed-rate mortgage range on Tuesday, 4th October.

Adrian Moloney, group intermediary director at OSB Group, said: “Due to the continued market interest rate volatility, OSB Group, in line with many other lenders, has taken the difficult decision to temporarily withdraw all of our existing fixed-rate mortgage products.

“This will give us the opportunity to reassess our proposition, service our existing pipeline and ensure our product ranges are priced appropriately for when we relaunch our replacement fixed-rate mortgage rang.

“We understand that this is an unsettling time for brokers who’re likely to be dealing with anxious clients worried by recent developments. I’d like to reassure them that we’re all in this together — we remain committed to doing everything we can to make sure they’ve got all the support they need to help get them through this period of uncertainty.”

Accord Mortgages

Accord Mortgages has revealed it temporarily withdrew its range of mortgages for new customers on Tuesday (27th September).

The lender’s managing director Jeremy Duncombe confirmed that all applications submitted prior to the deadline will continue as normal. 

Existing customers coming to the end of their current deal will still have access to the firm’s product transfer range.

Foundation Home Loans

Foundation Home Loans has announced it will be withdrawing all BTL rates on Thursday 29th September at 5:30pm, which will be replaced with new ones on Friday 30th September.

The BTL two-year fixed-rate products will be withdrawn and not replaced.

Any DiPs on the current products will need to be submitted by 5.30pm on 29th September, which will secure the product until 5.30pm on Tuesday 4th October. 

The DiP must be converted to a full mortgage application and submitted before 5.30pm on 4th October.

DiPs relating to these current products which have not been converted to a full mortgage application and submitted by 5.30pm on Tuesday 4th October will no longer be valid.

Foundation Home Loans’ broker portal will be unavailable from 5:30pm on 29th September in order to process the changes, and will be live again on 30th September in the morning.