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: Lower rates on selected 2 and 5 year fixed rate products from Hinckley and Rugby; Managing your customers’ expectations with HSBC; New large [...]

Are you looking for a way to speed up completions AND provide your clients with an excellent service? HomeOwners Alliance’s 2020 Homeowner Survey reported that 55% of UK homeowners agreed that having a more ‘joined up’ communication and visibility between parties would improve the home moving experience*. We understand that making your clients’ home move [...]

Episode 2 – what are the post-pandemic opportunities in the broker market? In the second and final part of this series, we’ll be talking about how we’re using technology to make the mortgage journey more efficient, what we’re doing to improve things for mortgage advisers and we'll take a closer look at ‘green’ mortgages. Join [...]

Foundation Home Loans are making improvements to their buy to let range. A new Limited-Edition Portfolio Landlord F1 5year fixed rate exclusively for portfolio landlords (those with 4 properties or more): 5 Year fixed to 75% LTV One free standard valuation and no application fee For both purchase and remortgage For individuals and limited companies [...]

Our products Clydesdale Bank In case you missed it last week, we launched a new Intermediary Exclusive 90% LTV 5 Year Fixed Rate with £1,999 fee at 3.19% that includes a free valuation for purchase customers. We also made reductions of up to 0.23% across our two- and five-year fixed rates. See our website for [...]

We’re pleased to announce new rates added to our large loan offering, as well as lower rates across our 90% products. LOWER Residential 90% LTV Now starting from 4.69% for 2 year fixed (£1,299 fee) NEW Large Loan (£500k - £2m) 2 year fixed 75% LTV 2.99%, 0.25% fee 2 year fixed 80% LTV 3.44%, [...]

‘More’ just may be our favourite word. And we’ve just added four more competitive, straightforward mortgage products to our buy-to-let range. There’s a new non-portfolio remortgage, 5 year fixed rate 75% LTV with a free valuation, 1% fee at just 3.49%. New 2 year fixed rate 75% LTV with 1% completion and 3.35% rate and [...]

Managing your customers’ expectations Please refer below for our current service levels to help manage your customer’s expectations for new applications. Important timescales New fully-packaged ‘right first time’ applications to approval are taking on average: Type Average number of working days’ for Underwriting assessment Standard Applications up to £1m paid in UK Sterling Employed – [...]

We previously communicated on Thursday 24 June that we would be withdrawing further advances and want to remind you of what is happening with the availability of further advances and completion deadlines as we continue to move from ‘The One Minute Mortgage’ to ‘BM Solutions Online’ for submitting applications. Further advances You can submit further [...]