We've made some changes to our Prime purchase and remortgage products. You can find a summary below: Prime Rate Changes: Reduce 2 year fixed 90% LTV rates by 0.15%; Reduce 5 year fixed 90% LTV rates by 0.10%. Prime Minimum Loan Size Changes Minimum loan size reduced from £145K to £100K on our 85% and [...]

Please refer below for our current service levels to help manage your customer’s expectations for new applications. Important timescales New fully-packaged ‘right first time’ applications to approval are taking on average: Type Average number of working days’ for Underwriting assessment Standard Applications up to £1m paid in UK Sterling Employed - 8 w/d Self-employed - [...]

We've made changes to Policy to increase the number of self employed customers we can support by allowing applications from those self-employed customers who have historically claimed SEISS grants. What’s changing: We will now accept applications from self-employed customers who have previously received the SEISS grant providing this is not within the 3 months preceding [...]

We're pleased to announce that following our re-launch of our limited edition products for HMOs and multi-unit blocks last week, we've now re-launched our two limited edition products for single self-contained properties. And remember, for a limited time only, for multiple property applications we are only charging one application fee! Speak to your Regional Manager to take advantage [...]

The products team have been working hard on producing some new and exciting limited edition products for Precise Mortgages and as a result we are delighted to advise that we've added new products to the Precise Mortgages Buy to Let range. These products sit alongside the current products – there are no product withdrawals.   [...]

Our policy on variable income is changing - so we could help more of your clients We’re making things easier for you by letting you know about some important changes to our policy on variable income, which includes bonus, overtime, or commission. We’ve reviewed our policy following your feedback, and changes to our acceptance criteria [...]

Resi 6, our new credit recovery range; Green mortgage options for your Landlord (including Limited Company) clients; New rates for loans between £500k and £2m; Our 95% rates are back. With no upfront app fees, fast turnaround times, BDU webchat and our BDMs back out on the road, we’re ready for you to place your [...]

Furness for Intermediaries has launched two new 95% LTV products available for residential cases across England, Scotland and Wales The new fee free fixed rates feature 2 and 5 year option and both carry a rate of 3.59%, giving the client the option to fix for a term suitable to them. As well as the [...]

We're pleased to let you know that we've recently introduced a Free Legals product range for Limited Company purchase applications. For all the details visit our website here.

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: HSBC change income policy for self-employed mortgage customers; Santander reduce higher LTV fixed rates by up to 0.33%; Molo update buy to let [...]