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 – 26th 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: Santander increases 85% [...]
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 [...]
Mailock moves closer to becoming the Financial Services industry standard for secure communication.
Why Mailock should be your first choice for secure email. Beyond Encryptions secure email solution, Mailock, continues to be popular with The Right Mortgage Network members, and across the Financial Services sector, as it [...]
Metro Bank: Opens 77th store in Sheffield and mortgage payment holiday extensions
Metro Bank, Monday 22nd opened its 77th store in the heart of Sheffield city centre on Fargate. Metro Bank offers customers and businesses the choice to bank however, whenever and wherever they choose. Whether [...]
Barclays: Positive Know Your Customer update – accepting extensions to driving licence expiry dates
Please see below for a positive update for accepting extensions to driving licence expiry dates for Know Your Customer (KYC) purposes. As a result of new EU legislation, drivers who have a photo card [...]
Buckinghamshire Building Society: Committed to first time buyers
In todays market first time buyers are finding it very challenging to find a mortgage with no deposit or a deposit of 5% or 10%. Buckinghamshire Building Society’s family assist mortgage offers up to [...]
Kent Reliance: Is shared ownership the answer for first-time buyers?
A problem shared is a problem halved – is shared ownership the answer for first-time buyers? Over the past couple of decades rising house prices have meant a need for larger deposits. In 1960, [...]
Natwest: Mortgage payment holiday update and Coronavirus hub
We’d like to bring to your awareness that the Financial Conduct Authority (FCA) have announced additional guidance on payment holidays designed to help customers whose income continues to be impacted by the coronavirus pandemic. [...]
The Family Building Society: Important changes to mortgage products and the return of their 95% LTV Family Mortgage
Time for some good news! Family Building Society have made some changes to their mortgage product range and their award winning 95% LTV Family Mortgage is back! All changes take effect from 24 June [...]
Santander: Increases 85 per cent LTV rates and cuts others
The bank has reduced the cost of selected remortgage fixed rates at 60 per cent and 75 per cent LTV by up to 0.15 per cent. The cuts have been made on two-, three- [...]
Skipton Service Update: We’re here to help, even when it’s busy
Service Update – 24 June 2020 We’re really pleased about our recent increase up to 85% LTV in the Residential market. And it seems you are too! We’ve seen a large increase in applications [...]
Foundation increases LTVs and launches new products
The products are aimed at borrowers who have less than straightforward requirements. Read more
PLATFORM RE-INTRODUCES HELP TO BUY MORTGAGES AND REDUCES FIXED RATE PRODUCTS
From Monday 22 June 2020 Platform’s Help to Buy mortgage range will be available to brokers. 85% LTV mortgages are also being reintroduced for those looking for a mortgage in England. All fixed rate [...]
The Mortgage Lender abolishes multiple application fees and reduces completion fees!
Check out our portfolio landlord products with reduced completion fees, no application fee for multiple applications and rates starting at 3.39 per cent Initial rates from 39%, £0 application fee and reduced completion fees [...]
Virgin Money: Notice of Product Withdrawal
At 8pm on Thursday 25 June we will amend the following Core products: • Selected 85% LTV Residential rates will be increased by 0.05% • Selected BTL 60% and 75% LTV rates will be [...]
Marsden Building Society: Launched a range of new products
NEW Later Life Products Marsden Building Society are experts in later life lending and have just launched a range of new products for their Older Borrower and Retirement Interest Only (RIO) ranges. From 23 [...]
Precise Mortgages: Additional securities accepted on Bridging Finance cases
We're now able to accept additional securities on our bridging applications, where the additional property meets the following criteria: Minimum property value is £75k Maximum property value is £750k Maximum 50% [...]
Coventry Intermediaries: Did you know your clients could now borrow more?
Great news! We've recently updated our affordability calculator and widened some of our lending policy. What’s new? We’ll now accept 50% of overtime, shift allowance and commission (not [...]
Hanley Economics: Covid-19 updates
Here is an update in relation to how Hanley Economic will be processing cases moving forward, in light of the impact of Coivd-19. Below is a simple document which outlines the main changes that [...]
