We contacted you recently to let you know about how we plan to support your clients during this difficult time. We’re offering support to those who are impacted by Coronavirus by agreeing a mortgage payment holiday for up to three months. We’ve now set up a quick and simple online form for clients who [...]
The recent data release from accountants, Moore, which looked at HMRC statistics regarding the number of landlords with multiple properties, ostensibly suggested a considerable blow to the PRS and buy-to-let, however, deeper understanding of the sector reveals a culture change in property investment. According to a report by Moore, the accountants, landlords with between [...]
With the current situation in mind, we want to highlight that we’re committed to helping our brokers and make it as easy as possible to maintain a business-as-usual approach. Simple guidelines to support your customers We’ve put together some simple guidelines to help you support your customers and to enable you to continue to [...]
In these unprecedented times our priority must be to look after and protect our colleagues, as well as support customers and business partners. We have taken the steps necessary to relocate our colleagues and we are now operational from multiple sites, including the majority of staff now working from home, such that we can [...]
We have removed mortgages over 60 per cent loan to value from sale, with the exception of product transfers and further advances. Product transfers, further advances and direct to lender applications will continue as normal. The outbreak of Covid-19 has had a direct impact on our processing resources which has led to the withdrawal [...]
Holiday payments We will work with every borrower during these difficult times to support them through their mortgage payments. We have a range of forbearance measures including interest only and payment holidays, which will be discussed on a case by case basis with each borrower. As always we urge brokers (and borrowers) to contact [...]
Following the announcement made by the Prime Minister on Monday night, we’ve spoken with our valuers, who’ve confirmed they have currently suspended all physical property inspections in line with the government guidelines. What you need to know We’ll progress all applications that have received a valuation in the usual manner, although the process may [...]
Following the Monetary Policy Committee’s decision to cut the rate to a historic low of 0.1%, all residential and buy to let tracker products have been removed from sale. Existing customers with a tracker mortgage will see a reduced rate as per their terms and conditions. We will continue to review our full product [...]
We have paused residential applications with immediate effect in response to the health crisis and the current state of the capital markets used for securitisation. We will continue to accept buy- to- let applications however, as the funding for these mortgages are not dependent on capital markets. We are also exploring further use of desktop [...]
UK Finance has been seeking urgent clarification from the government about whether home purchases should continue at the current time, particularly as physical property valuations are no longer possible. The government has now stated that: Home buyers and renters should, as far as possible, delay moving to a new house while emergency measures are [...]
© 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.
