View more on these topics

Wave revamps products and reduces max LTV

Wave has revamped its product range, withdrawing all two-year fixes and its Almost Prime buy-to-let deals.

It has also reduced its maximum LTV from 80% to 75%.

Wave is withdrawing its Prime 6.48% and 6.68% two-year fixes and increasing the rate of its three-year fix from 6.28% to 6.78%.

It is also increasing its two-year tracker rate to 6.88% (Base plus 1.63%) and its three-year tracker rate to 6.68% (Base plus 1.43%).

Its Almost Prime three-year fixed rate has increased to 7.18%. The two-year tracker rate in this range has increased to 7.38% (Base plus 2.13%) while the three-year tracker rate has increased to 7.18% (Base plus 1.93%).

Finally, Wave’s buy-to-let rental income range now comprises a 6.78% three-year fixed deal, a 6.93% two-year tracker and a 6.73% tracker.

The completion fees on all deals have increased to 2%.

Decisions in Principle will be accepted on withdrawn rates until close of business today.


MTE scheme rewards loyalty

The Mortgage Trading Exchange is launching a loyalty reward programme. The scheme, which provides rewards including Supercar racing and free flights to the US, will run from April through to March next year. It enables customers to qualify for rewards based on the number of transactions processed via the platform during the promotional period.

Let’s get together for the greater good

Easter is a good time to reflect. The year is well underway and all those new year resolutions have been long forgotten, unless you have a will of pure steel.


News and expert analysis straight to your inbox

Sign up