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:
- Metro Bank revolutionise mortgages to create fans not customers;
- Ipswich Building Society’s common sense approach to self employed mortgages;
- TSB announce changes to residential products.
LV=: Life changing accidents happen; make sure your clients are protected
We know that clients may think they're invincible, and that accidents aren't likely to happen to them as they don't part-take in 'extreme' activities. However, accidents do happen, and usually when clients least expect [...]
Kensington: Our affordability tracker
The Kensington Affordability Tracker uses the models used by mortgage lenders to calculate the borrowing power of a family, after taking account of bills, transport costs and other household living expenses. It tracks the [...]
Metro Bank: Revolutionising mortgages to create fans not customers
Metro Bank's aim is simply to revolutionise mortgages to create fans not customers Common sense approach to underwriting enabling rapid turnaround times on quality packaged cases Joint borrower, sole proprietor on both residential and [...]
More2Life: Marketing must-haves webinar
Marketing your business in financial services can be complex and support hard to come by, and those who seek support and guidance, and who work smarter will come out ahead. Cue Marketing must-haves for [...]
Fleet Mortgages: Criteria Changes
We are delighted to announce that we will be delivering a raft of positive changes to our lending and product criteria with effect from TOMORROW (Wednesday 13th November 2019). The changes cover a range [...]
TSB: Changes to residential products
TSB have made some changes to residential products. A summary of the changes are below: NEW 5 year fixed house purchase, 0-60% LTV product with £1,495 fee House purchase rates reduced on: 2 year [...]
E-Conveyancer: New fixed rate remortgage
It’s safe to say that Autumn has well and truly arrived – temperatures are dropping and the rain is pouring. This hasn’t stopped us bringing great new functionality to eConveyancer, though, which we know [...]
Precise Mortgages: HMOs in Scotland now accepted
With HMOs generating the highest average rental yields, it’s no surprise that 21% of landlords* say they intend to purchase an HMO property in the future. So we’re pleased to announce we now accept [...]
Clydesdale: Support at every step
We don’t see customers as numbers, they’re individuals with their own set of circumstances. That’s why we have the ability to judge each case on its merits. And we pride ourselves in our more [...]
Virgin Money: Decisions you can rely on
Our straight-up approach to mortgage underwriting means you and your clients always know where you stand. With upfront underwriting, we set clear expectations from the get-go. We’ll let you know our lending decision within [...]
ESBS: Self build mortgage criteria change
With immediate effect we have increased the maximum LTV on land from 50% to 75%. The maximum final LTV, and the LTV as the works progress, remains unchanged at 75%. For more information please [...]
Nationwide: Sharing key information on valuations, fees & case updates
Did you know you can get updates on the progress of your application on the Case Update screen on NFI Online? This includes a summary of the case requirements, the DIP, valuation, offer and [...]
Weekly Mortgage Update – 15th November 2019
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: Metro Bank revolutionise [...]