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 activity within the purchase market is increasing.To further support the recovery, we are pleased to confirm the following product changes: [...]
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 day 1. Property types considered include, up to 8 bed HMO's and up to 10 units on 1 freehold title. [...]
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 year fixed products across all credit tiers The extension of LTV for F1 products to 80% ERC free discount rates [...]
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 to as ‘payment deferrals’. Although no monthly payments will be due during the customer’s payment holiday, interest will continue to [...]
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 for the most vulnerable, surely now is that time. The FCA has said that they want doing the right thing [...]
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 the age of 70, regardless of their age at application of the loan. After listening to feedback from brokers and [...]
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 also allows up to twelve repayments per year, meaning customers can set up a monthly payment and reduce the impact [...]
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, helping to minimise the interruption to clients and provide greater flexibility. This dual approach means that Canada Life is now [...]
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 rose by 14% year-on-year to £1.06 billion before the recent lockdown. To what extent do you feel that new business [...]
Welcome to this week's Protection 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: Holloway Friendly announce four week defer period on some of their plans; Cirencester announce the relaunch of their add on product range, My [...]
© Copyright The Right Mortgage | All rights reserved. | The content of this website is intended solely for the use of financial advisers. | How to make complaint? | Our Policies
The Right Mortgage & Protection Network Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: 70 St. Johns Close, Knowle, Solihull, England, B93 0NH. Registered in England and Wales. Registered Number: 08130498. FCA Number: 649443.
