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:
Weekly Mortgage Update – 19th June 2020
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: HSBC provide new [...]
Nationwide reduces maximum LTV for new business
Nationwide is the latest lender to reduce its maximum LTV for new business, but will continue to lend up to 95% LTV for existing mortgage members. From tomorrow, Nationwide will now lend up to [...]
Monmouthshire re-enters residential 90% LTV market
The Society expects the 90% mortgages to be very popular and therefore these could be withdrawn at short notice. Read more
eConveyancer – Introducing Rapid Remortgage
Today we are rolling out our brand new service, DigitalMove Plus, which gives brokers access to the latest and best DigitalMove features and delivers an even better home moving and refinancing experience for everyone. Our first Plus [...]
Coventry Intermediaries: 90% LTV Product Updates
Supporting the 90% LTV market On Friday 12 June we launched a limited tranche of funds at 90% LTV to support you and your clients. To give you certainty, and to help you manage [...]
Kent Reliance: Help first-time buyers with 100% share value
The current climate may have made prospective first-time buyers think about leaving home, changing their current living situation and stepping onto the property ladder. To support this potential uplift in new residential business coming [...]
Precise Mortgages – expand out their HMO & MUB ranges
I just wanted to give you the heads-up on more great news from Precise Mortgages! With effect from next Tuesday 16th June, Precise Mortgages will now be considering purchases as well as [...]
NatWest will be introducing rate decreases of up to 30bps across their existing customer range
From Tuesday 16th June 2020 NatWest will be introducing rate decreases of up to 30bps across their existing customer range. Mark Bullard, Head of Sales, said: “We’re delighted to be making further decreases to [...]
Barclays are making changes across their residential, buy to let and reward ranges
Please be advised we are making changes across our Residential, Buy to Let and Reward ranges effective tomorrow, Tuesday 16th June, 2020 Key Changes Following the return of physical valuations, there are signs that [...]
3mc – New HMO/MUFB’s Packager Exclusives Launched – Up to 75% LTV
We are pleased to announce the launch of new Buy to Let (HMO/Multi Unit Block) packager exclusives with Foundation Homeloans. The products are available up to 75% Loan to Value with No Early Repayment Charges from [...]
Foundation Home Loans launches new residential rates – Thursday 18th June
Foundation Home Loans, the home of specialist lending, has announced new residential rates and increased loan to values on their existing range as of Thursday 18th June. Here are the details: Re-introduction of 5 [...]
HSBC: Mortgage payment holidays update
Supporting you and your mortgage customers with payment holidays Following revised guidance from the FCA, we want to make sure that you and your customers remain fully informed around payment holidays, now also referred [...]
Just: Getting close to vulnerable customers during social distancing.
Now that the nation is in lockdown, it seems the term ‘vulnerable‘ is being used more than ever. If ever there was a time to focus on how we improve the experience and outcomes [...]
Chorley Building Society: Offers new ‘Later Life Lending’ products
Chorley Building Society has refreshed its ‘Later Life Lending’ products after reviewing the range in line with broker feedback. Previously, all borrowers fell into the same category if their mortgage loan took them over [...]
Pure Retirement: Product update and adviser support update
Product update We’ve just introduced a market-leading innovation in our Heritage Freedom 40 product, which offers customers the ability to repay up to 40% of their loan each year ERC-free. In addition, Freedom 40 [...]
Canada Life confirms dual approach to Home Finance valuations and Coronavirus Support Hub
Canada Life has confirmed a dual approach to valuations following recent Government advice and the easing of lockdown in England. In close partnership with e.surv, new ways to recommence onsite valuations have been explored, [...]
LV= The outlook for the equity release market in 2020 and beyond
Q&A with Chris Smyth, LV= Equity Release Business Development Manager Q: Recent figures released by the Equity Release Council show that the value of property wealth accessed via equity release products during Q1 2020 [...]
