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 mortgages for house purchases will be reduced from Monday 22 June by up to 0.20 percentage points Platform, the intermediary [...]
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 increased by up to 0.10% • Selected Portfolio BTL 60% and 75% LTV rates will be increased by up to [...]
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 from 1.25% We've recently lifted the cap on the number of properties in a portfolio and given landlords up to [...]
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 June, their later life portfolio includes; Older Borrower A set of conventional mortgage products for those aged 55 and above [...]
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% LTV To find out more, speak with your Business Development Manager or call our dedicated support [...]
Scottish Widows: Bereavement benefits and the need for family financial resilience
In his latest blog, Johnny Timpson looks at current bereavement benefits and highlights the importance of protection, especially in these challenging times. Find out more
Vitality: Over £100 million paid out in Vitality rewards
VitalityLife’s approach to life insurance allows them to protect members when they suffer a life changing event and reward them when they engage with their health. This ensures members experience value from their cover, regardless of whether they claim or not – a unique proposition among insurers. With over 1.3 million members in the [...]
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 bonus payments) for affordability purposes. Your client will need to show they’ve received this income consistently over the last 3 [...]
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 include furloughed workers, self-employed and changes to use overtime / bonus / commission for all applicants moving forward. We have [...]
