The increasing number of Britons holidaying in the UK is creating the perfect environment for a thriving holiday rental market – and real demand for second homes that are holiday rentals. **HOLIDAY LET - 2.99% @ 75% LTV** Rental Calculation – low / mid / high (average x 30 weeks) 135% at 5.50% Re-mortgage – use 100% [...]
We have announced some product changes. To see our product update summary click here.
Furness for Intermediaries reduces 95% LTV rates and introduces free valuations for home purchases to help first timers In a continuous drive to improve its first time buyer proposition, FFI has repriced its 2 year 95% fixed rate to 3.28%, and its 5 year fixed rate to 3.48%, both carry a generous £1,000 cashback [...]
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 update residential and buy to let products; Metro Bank announce new gifted deposit form; Chorley announce launch of broker online application system. [...]
This new system allows brokers to submit business to the Society electronically, simplifying and improving the overall application process. Brokers can access the system via the website here: www.chorleybs.co.uk/how-to-apply-for-brokers/ Once registered, brokers will be able to submit decision in principles and applications, plus upload documentation securely and direct to the Underwriting Team. [...]
From unlimited background portfolios to no stress testing scenarios! We’ve got BTL covered from A to Zephyr For the varying needs of your portfolio landlord clients we can help the process run as smooth as possible, here are some of the benefits of sending your portfolio landlord’s business our way: No background portfolio stress [...]
Diversity is key when it comes to landlords looking to maximise their current and future portfolios. Choosing different property types represents one route, with an increasing number of landlords incorporating houses in multiple occupation (HMOs), off-plan new builds and short-term lets into their portfolios. Another route is via investment in a different location, especially [...]
If your customer is buying a new home, don’t forget we will accept a deposit gifted from a close family relative with no maximum value. From the 3 March 2020, for any new applications, the Gifted Mortgage Deposit Form must be completed and uploaded to the case via the mortgage portal. Download the form [...]
You may have already seen, however I wanted to contact you personally to make you aware of a repricing at Kensington, which I hope will be especially good news regarding both your New Build & Buy to Let business We are reducing our help to buy rates on both our 2 year and 5 [...]
TSB has made change to rate switch products. Please see summary below: Product end dates move out to the end of May; Reduced rates on fix and flex by up to 1.30%; Adjust rates, both up and down, on selected 2, 5 & 10 year fixed residential and 2 & 5 year fixed buy [...]
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