Weekly Mortgage Update – 02nd February 2018

Weekly Mortgage Update – 02nd February 2018

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:

  • Virgin Money are red hot with buy to let personal finance;
  • Principality are paying for recommending product transfers;
  • Accord Mortgages cut their interest coverage ratio.

Uinsure: Fight back against Underinsurance

By |March 2nd, 2018|Categories: 02, 03. March, 2018, Provider News|

Fight back against Underinsurance This month, we've turned our attentions to raising awareness of just how dangerous Underinsurance is - as part of our #QualityMattersMost campaign. After the fantastic response rate to last month's Keys to Success [...]

Vida Homeloans: First time buyer transactions are increasing

By |February 1st, 2018|Categories: 02, 02. February, 2018, Mortgage, Provider News|

First Time Buyer transactions are increasing… First Time Buyer numbers have grown 15% year-on-year, with FTBs rapidly becoming the new ‘Special Customer’ – for life! Vida’s Director of Sales – Mortgages, Louisa Sedgwick, has suggested [...]

3MC: New residential & BTL Exclusives

By |February 1st, 2018|Categories: 02, 02. February, 2018, Mortgage, Provider News|

We have 13 different packager exclusive products available for both Residential and Buy to Let products. The available products include the following criteria:- 90% LTV with communication Defaults within the last 12 months 85% LTV with DMP's [...]

Virgin Money: We are red hot with personal income for BTL

By |February 1st, 2018|Categories: 02, 02. February, 2018, Mortgage, Provider News|

To help more of your clients get the loan amount they need, we’ve increased the flexibility of our buy-to-let underwriting. That’s why we allow clients to include personal income in the affordability test. The rental [...]

Principality: Retention Procuration Fees

By |February 1st, 2018|Categories: 02, 02. February, 2018, Mortgage, Provider News|

Retention Procuration Fees Don’t forget we are paying a retention procuration fee of 0.20% to intermediaries for recommending a product transfer for both residential and buy to let. We've completed a successful pilot with London & Country to [...]

Accord Mortgages: Reducing ICR for straight switch remortgages

By |February 1st, 2018|Categories: 02, 02. February, 2018, Mortgage, Provider News|

Accord Mortgages interest coverage ratio (ICR) is now 125% on 2 & 3 year fixed rate deals for ‘straight switch’ remortgaging landlords. On Wednesday, 31 January Accord are reducing their minimum rental cover requirements for [...]

Weekly Mortgage Update – 02nd February 2018

By |February 1st, 2018|Categories: 02, 02. February, 2018, Mortgage, Provider News|

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: Virgin Money are [...]

The Mortgage Works: Stop and think what it takes to prevent fraud

By |January 31st, 2018|Categories: 02, 02. February, 2018, Mortgage, Provider News|

Take Five is a national awareness campaign that offers advice to help consumers prevent financial fraud. This includes email deception and phone-based scams, as well as online fraud - particularly where criminals impersonate trusted organisations. What can [...]

NatWest: Introduce rate changes and transitional arrangements

By |January 31st, 2018|Categories: 02, 02. February, 2018, Mortgage, Provider News|

We are making some changes to our mortgage range. Download the summary of changes for new customers here Download the summary of changes for existing customers here Transitional arrangements You’ll be able to [...]

Buckinghamshire BS: Launch new online broker portal

By |January 31st, 2018|Categories: 02, 02. February, 2018, Mortgage, Provider News|

The launch of Buckinghamshire Building Society’s Broker Online system is an important step in their commitment to building a strong intermediary business and delivering an excellent service. Tim Vigeon Head of Lending  “After testing the [...]

Santander: In the know about product transfers

By |January 31st, 2018|Categories: 02, 02. February, 2018, Mortgage, Provider News|

In the know…Product transfers It’s quick and easy to transfer your client’s existing Santander mortgage using our online mortgage transfer service You will need your client’s permission to sign on using the following personal details: [...]

By |2019-03-12T10:52:50+00:00February 1st, 2018|02, 02. February, 2018, Mortgage, Provider News|0 Comments

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Phone: 01564 732 749

Using a Satnav? Please use postcode: B93 0NN to locate the office when visiting.

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Michael McGuiness, Adviser
My experience with TRM so far has been excellent I can’t tell you how much you guys have lifted me since March. The positive approach shown by everyone to get the business on and to get the commission paid is up lifting. What a breath of fresh air, great Network and fantastic positive attitude.
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