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: Royal London launch a new 5 year payment option on all their income protection plans; Legal & General make improvements to intermediary product [...]
Recent figures show that landlords owning between 6 and 20 properties are increasing but those with a property portfolio between 3 and 5 are falling.Regulatory changes like the PRA rules around landlord affordability has contributed to this decline in smaller portfolio ownership.There has been an increase in the number of landlords who are managing their portfolios [...]
Please find the new buy to let product guides updated with the new BTL-F3 product range below. Summary of F3 range as follows: Subject to BTL-F3 Adverse criteria Available to single households only 8 products in total 4 BTL individuals (Two 2 yr fix & Two 5 yr fix rates) 4 BTL Limited Company [...]
Hinckley & Rugby have made an amendment to their criteria. Change as follows 4.49 x income multiple for cases 80% LTV and below. Cases above 80% LTV will remain x4. The enhanced income multiple can only be applied to cases where there is no debt consolidation and the applicant has clear credit. If not, [...]
Introducing the new and improved Tailored Choice - your clients can benefit from: Lower rates, from just 5.90% MER Higher LTVs from 25.9% for single lives or 20.9% for joint lives, up to 54.5% More cashback options - up to 5% depending on age or single/joint life Lump sum or drawdown facility View the rates, [...]
Introducing our Joint Borrower Sole Proprietor (JBSP) mortgage range Our latest lending solution which allows First Time Buyers to combine resources with their parents to make their mortgage more affordable. Key Features Suitable for First Time Buyers with support from their parent(s) Parent(s) become a borrower non owner to make the mortgage more affordable [...]
Our latest Mortgage and Property Report explores the changing dynamics of our industry. In the Mortgage and Property Report, we look at some of the market dynamics and emerging trends that are putting pressure on new lending volumes in the mortgage sector. We examine their cause and potential market developments in response. Read the [...]
Specialist lenders Together can often service cases that some mainstream lenders may not be able to. Imagine you have a client in his 50s, who's semi-retired – combining his pension income from a previous career, with freelance earnings from his true passion: photography. Together's common-sense approach means they can accept up to 100% of [...]
We’ve set our sights on the buy to let remortgage market with our first tailor-made product that combines competitive initial rates with free standard legal fees, no application, valuation or transfer fees. The product range is available up to 80 per cent loan to value and facilitates the addition of the completion fee, which [...]
We've improved our mortgage range by reducing several fixed rate deals and introducing a couple of longer-term fixed rate deals. We’ve also launching our second range of enhanced cashback products for first time buyers - this time with £500 cashback. These exclusives will match the standard range in terms of rate and product fee [...]
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