Welcome to this week’s Mortgage Update.
Please take the time to read through the update as there may be some information that is important to you.
Included in this week’s update:
- With Fleet Mortgages, you could save your clients up to 25% in fees;
- Aldermore provide a video guide to the PRA Changes;
- New products are available from Marsden today across our residential, older borrower and buy-to-let portfolios;
- Platform adjusts interest cover ratio down to 128% for buy-to-let remortgage business;
- Use Santander’s buy-to-let calculator to find out how much your client can borrow.
Buckinghamshire Building Society: Criteria updates
Right to buy: will now lend up to 95% of discounted price (previously 90%) – overall LTV must be 80% or less Clean /minor adverse up to 95% LTV/LTS : Missed payments on communications and [...]
The Mortgage Lender: Specialist or the norm?
In our recent poll, 79% of respondents said that specialist could be the new norm. Complex income, unusual working patterns, multiple employed roles, contracting and self employment are all on the increase. We hear about [...]
Coventry: Proc fees for Residential product transfers
Earlier this year we introduced proc fees of 0.30% for Buy to Let product transfers. Now we’re delivering on our commitment to pay proc fees for Residential product transfers on all applications received from 24 [...]
Principality: We are making some changes to our mortgage range
We are making some changes to our mortgage range When you registered to do business with us, you provided your FCA registered address, including a postcode. Our emails will always include this postcode near [...]
The Mortgage Works: End dates extension
We're just letting you know that from Tuesday 31 October, we'll be extending the end dates across all New Business and Existing Customer products. Product Highlights 2.74% 5 year fixed at 75% LTV Available for purchase [...]
Paragon: New limited edition remortgage products
Non-portfolio 1.99% 2 YEAR FIXED 75% LTV £1,495 fee Free valuation No legal fees View product Portfolio 2.85% 2 YEAR FIXED 75% LTV 0.50% fee Single, self-contained properties, no limited companies or LLP'S Free valuation [...]
Platform: Interest cover ratio down to 128%
Platform adjusts interest cover ratio down to 128% for buy to let remortgage business. From Monday 30 October, Platform; the intermediary-led mortgage brand of The Co-operative Bank, will assess eligible buy to let remortgage applications, [...]
Santander: Buy to Let applications
On Friday 27 October, we made some important updates to our Buy to Let (BTL) lending criteria. Minimum income criteria We’ve simplified our criteria by removing the £50,000 minimum income requirement for applicants who [...]
Aldermore’s: Video guide to the PRA Changes
Want to learn more about the PRA changes to portfolio landlord underwriting standards? This short video produced by Aldermore will assist you in understanding the classification of portfolio landlords, the new affordability assessments and the [...]
Marsden: New products
Our new products are available from today across our Residential, Older Borrower and Buy to Let portfolios. All previous portfolios withdrawn with immediate effect with applications accepted up to Friday 3 November. Older Borrowers 13 NEW [...]
Kent Reliance: Our new Expat range has landed
We are seeing an increase in the number of Expat mortgage applications. As a result of this, we wanted to let you know that as of today, we have introduced our new Buy to Let [...]
TFC: Exclusive products for buy-to-let
Packager exclusive products for buy-to-let now available at TFC from Foundation Homeloans TFC Homeloans are pleased to announce we have some packager exclusive buy-to-let products on offer to The Right Mortgage Network from Foundation Homeloans. [...]
Nationwide: Slight pick up in annual house price growth in October
Annual house price growth picks up to 2.5% Modest 0.2% month-on-month increase House Price Index headlines Oct 17 Sep 17† Monthly Index* 420.7 419.7 Monthly Change* 0.2% 0.4% Annual Change 2.5% 2.3% [...]
Virgin: Changes to our tracker deals
Following the decision by the Monetary Policy Committee to increase the Bank of England Base Rate to 0.50%, we are contacting you to let you know that we will increase our new business Tracker mortgage [...]
Clydesdale Bank: Large Loans Enhancements
Interest Only - maximum loan amount We have removed our £1.5m cap for residential Interest Only lending. There is now no maximum loan amount for interest only mortgages. Subject to maximum LTVs and individual [...]
Accord: Rate changes
Following the Bank of England’s announcement that they’ve increased the Bank Base Rate by 0.25%, we’re making the following changes: Tracker Rate Products We’re withdrawing all our residential & BTL tracker rate deals from 8pm [...]
Weekly Mortgage Update – 3rd November 2017
Welcome to this week's Mortgage Update. Please take the time to read through the update as there may be some information that is important to you. Included in this week's update: With Fleet Mortgages, you [...]