Welcome to this month’s lending into retirement Update.
Please take the time to read through the update as there may be some information that is important to you.
Included in this month’s update:
- Just asks which of your clients could benefit from a lifetime mortgage?
- Canada Life reintroduces Lifestyle Gold Plus and Prestige Options lifetime mortgages;
- Chorley Building Society has refreshed its ‘Later Life Lending’ products.
Weekly Mortgage Update – 17th July 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: Metro Bank launches [...]
Foundation Home Loans: Catching up on our buy to let products
By Jeff Knight We have been making changes to our buy to let range recently. With so much activity in the market, we know it is tricky for you to stay up to date with all [...]
eConveyancer: SLDT changes
Following on from the Chancellor's announcement, we wanted to get in touch with you about the changes to SDLT. We have updated your eConveyancer portal to reflect the SDLT changes in England - these [...]
Kensington have new rates coming
We will be updating our Residential and Buy to Let product guides on Wednesday, 15th July 2020. Please note that these updates will include the withdrawal of our Help to Buy 5 year rates. [...]
NatWest Intermediary Solutions: Temporary Withdrawal of Residential Exclusive Products
On Wednesday 15th July NatWest Intermediary Solutions will be temporarily withdrawing all Residential products from the Exclusive range, to ensure we meet our Brokers’ expectations in relation to the service we provide to them [...]
Nationwide outlines new 90% LTV range
Nationwide Building Society has announced the products and rates across its new 90% LTV first-time buyer range which launches next week. Available from Monday 20th July, two-year fixed rates start from 2.49% with a [...]
Is shared ownership your specialist subject? Win a £250 gift card with Kent Reliance for Intermediaries
With many struggling to with higher house prices, shared ownership could provide the solution. Generally with lower deposits needed, shared ownership properties are commonly more accessible than standard mortgages, and more secure than private [...]
Scottish Widow announces changes to Bank Procuration Fees
Any applications submitted on or after the 26th July 2020 will be subject to the new procuration fee structure of 0.36%, no minimum or maximum For Acquisition, Additional Borrowing, Product Transfers and Porting [...]
Hanley Intermediaries: A chance to build on your self-build knowledge
What to include in your clients self-build application... Self-build can be complex as it is, so having a fully packaged application can smooth the process and help us the lender, to process much more [...]
Metro Bank launches 85% and 90% residential products
RE‑INTRODUCTION OF 85% AND 90% LTV RESIDENTIAL RANGES Following increased customer demand, we are pleased to announce the re‑introduction of our high LTV Residential Ranges, offering your customers 5 year fixed products for purchases [...]
Leeds Building Society reintroduces holiday let mortgage range as UK gears up for staycation getaway
With many predicted to opt for staycations this summer, Leeds Building Society is reintroducing itscompetitive range of holiday let mortgages. The decision comes as the country gears up for a summer getaway, with many [...]
Accord’s update to their Stamp Duty incentives policy
As you’ll be aware the chancellor has cut all stamp duty on home purchases in England & Northern Ireland up to £500,000. Some brokers have been in touch about our policy for clients who [...]
HSBC offers mortgage advice via Zoom calls
HSBC is offering customers mortgage advice via zoom calls for borrowers wanting to remortgage or purchase a home. The lender has kept most branches open during the last three months, but social distancing measures [...]
Virgin Money: Reductions on low-LTV deals
Tomorrow, Friday 17 July, we will reduce selected rates in our product range. Changes will apply to residential rates at 65% LTV and BTL rates at 75% LTV to help your customers who are [...]
Legal and General: Virtual Summer Conference – All content now available on-demand
Thank you to everyone who attended our virtual summer conference - we hope you found it useful and engaging. On-Demand Content If you weren't able to join us yesterday, all of the content is [...]
More2Life: Continuing the trend of transparency
It has been a funny old year, we’ve seen every aspect of our lives undergo a sudden change, and as any adviser who’s worked through this knows, it’s certainly been an adjustment. Thankfully, we’ve [...]
Chorley Building Society has refreshed its ‘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 [...]
OneFamily: We’re here to talk through the details of your latest case
Throughout the coronavirus pandemic the team at OneFamily have remained committed to offering you a great personal service. We will continue to send you regular updates, particularly with the latest COVID-19 changes impacting our [...]
Later life planning Update – July 2020
Welcome to this month's lending into retirement Update. Please take the time to read through the update as there may be some information that is important to you. Included in this month's update: Just [...]
LV= Flexible lifetime mortgage shutdown
LV= are currently set to remove our Flexible Lifetime Mortgage product from the market on 30th June and subsequently any external systems or publications that feature it.
Canada Life reintroduces Lifestyle Gold Plus and Prestige Options lifetime mortgages
Canada Life has recently announced a number of product changes, including the reintroduction of its Lifestyle Gold Plus and Prestige Options products, providing a higher loan-to-value (LTV) for its Home Finance customers. The changes [...]
Just: Which of your clients could benefit from a lifetime mortgage?
You may think that lifetime mortgages aren’t right for your clients but their flexibility might surprise you. Use this tool to discover more.
