Following the government’s announcement on restricting physical property valuations to enable social distancing and help prevent the spread of Covid-19, our valuers are currently unable to visit properties and carry out physical inspections. We have reviewed our policies and, where we can find an alternative to a physical valuation – either a desktop valuation [...]
We understand this is a really unsettling time for everyone and want to let you know that we’re here for you. We’d like to keep you up to date on what we’re doing to support you and your mortgage clients during this challenging time. We’ve set up a dedicated webpage so you can find [...]
We have made changes to our Standard Variable Rate (SVR) for both Residential and Buy to Let mortgages, in line with the recent reductions to the Bank of England Base Rate, therefore the new rates are: SVR Date of Rate Change Changed from Changing to Residential 1st April 2020 4.25% 3.60% Buy to Let [...]
We are committed to keeping you up-to-speed with all key changes as they occur. We fully appreciate changes are coming thick and fast and so in the interests of not overloading you with emails, where possible, we will consolidate key messages. With this mind, please see below for a combination of new updates plus [...]
We’ve been collating all of the questions received and we are in a position to now share where we are with valuations and products. New Enquiries & Broker Support Are we open for new business Yes! The Society is open for business and available to discuss any new mortgage enquiries that you may have. [...]
Halifax Intermediaries is reintroducing a handful of mortgage deals for homemovers, first-time buyers and remortgaging borrowers up to 80 per cent loan to value (LTV) from tomorrow. A two-year and five-year fixed rate option will be offered for purchases and remortgages between 60 to 75 per cent LTV and 75 to 80 per cent [...]
We would like to invite you to join our live webinar - ‘Covid19 - The Impact on the Mortgage Market and Lender Funding' on Wednesday 8th April at 11am. The webinar will be hosted by Alex Maddox, Head of Capital Markets and Craig McKinlay, New Business Director. Topics Include Covid-19 - The impact on [...]
How we are now dealing with pre-offer pipeline cases. For each of us things are changing at pace in our businesses on a daily basis and Fleet is no exception. To repeat my message from Monday, our funders remain intact albeit with a reduced appetite with restrictive criteria. Upon consultation with our funders, we [...]
GREAT NEWS. After an intense period of negotiation with all of our funding partners, we are now in a position to start undertaking semi-automated (desktop) valuations on some of our products with immediate effect. You can read a full breakdown here of where we are with each of our funders and full details of the [...]
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: Kensington announce Covid-19 webinar; Halifax relaunch 80% LTV range; Ipswich Building Society announce FAQs around Covid-19; Metro Bank make changes to standard variable [...]
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