April International: An Introduction to International PMI
April International have provided the presentation below to help with explaining International Private Medical Insurance. Download the presentation here
Pepper Money: Payment Holidays and Covid-19
We have been receiving a number of questions around how we plan to support our Customers around payment holidays during COVID-19. To support you all, information is now available on our website which will hopefully answer all the queries you may have. Please note – the following:- Pepper Money will be able to consider [...]
Vida Homeloans: Retract mortgage range
Vida Homeloans has also made the decision to retract its mortgage range just a week after it pulled some of its residential and buy to let products. At the time, Vida warned that other non-bank lenders could follow suit due to a lack of access to liquidity facilities offered by the Treasury and the Bank of England to help [...]
Kensington Mortgages: We’ve updated our product guides
We have updated our product guides to reflect some ranges we have withdrawn and reductions to our maximum loan amounts. The changes are: RESIDENTIAL Withdrawal of the Options range Maximum loan amount of £750k across Select and Large Loan ranges up to 85% LTV Maximum loan amount £500k up to 90% LTV across our [...]
Kensington: Coronavirus update
We would like to inform you of our ongoing assessment and response to the COVID-19 health emergency, and to reassure you that we are operating business as usual, with all our staff now working from home. Following the government’s announcement on Monday night mandating that people stay at home other than for essential activities, [...]
NatWest: Withdraw tracker product range
We have withdrawn our tracker product range. This includes the withdrawal of all Purchase, Remortgage and Buy to Let tracker products, for new and existing customers. We have made the decision to withdraw our tracker product range in light of current market conditions. We will continue to monitor our product offering to ensure we [...]
Foundation Homeloans: Stops pre-offer applications and withdraws short-term let offers
Foundation Home Loans has stopped mortgage applications yet to reach offer on its withdrawn products and has pulled all short-term let mortgage offers up to the point of exchange of contract. The moves follow coronavirus guidelines from the government, suspension of physical valuations and wider market conditions, it said. Foundation confirmed it is accepting [...]
TSB: Improvements to rate switch products
TSB has made improvements to rate switch products. A summary of the changes are below. Buy to let rates reduced on: 5 year fixed 0/75% LTV, reduced by up to 0.20% Residential rates reduced on: 2 year fixed 0-90% LTV, reduced by up to 0.30% 5 year fixed 0.80% and 85-90% LTV, reduced by [...]
Nationwide and The Mortgage Works: Coronavirus update
The impact of Coronavirus (Covid-19) continues to challenge us all, so I wanted to provide you with clarification on some of the topics we are receiving most queries on, along with an update on our payment holiday criteria: Valuations – Nationwide & TMW We will be maximising the use of AVM/Desktop capability. Where we [...]
Santander: Reduces Standard Variable Rates
As you know the Bank of England (BOE) base rate was reduced by 0.50% to 0.25% on 11 March. Since then it has been further reduced by 0.15% to 0.10% and we can confirm that we’ll be passing on the full rate cut to existing customers as follows: The Santander and Alliance & Leicester [...]
