Bridging Finance is a flexible short-term borrowing solution for customers looking for a fast turnaround. Here's where Bridging Finance could help: Chain Break If your customer wants to purchase a new property but is stuck waiting for their current one to sell, Bridging Finance could help them break the chain. Refurbishment If your customer [...]
It has one product specifically for first-time buyers and two for purchase applications. The first-time buyer deal is fee-free with an initial rate of 3.81 per cent, free standard valuation and £500 cashback. The two purchase products are for loans above and below £350,000, both with a rate of 3.76 per cent. The smaller [...]
In addition to our existing evidence requirements, we’ll now be asking for three months’ business bank statements on all residential applications where your client’s income or business has been affected by COVID-19. This new request will be displayed once you’ve submitted the full mortgage application alongside any other income evidence requirements. The most recent [...]
Could your buy-to-let clients borrow more? Try our new calculator to find out if we could help your landlord get more bang for their buck. Here are just a few examples based on client borrowing up to 75% LTV: Limited Company client mortgaging a standard property. Rent is £1,200 per month: ICR @125%. 2 year fixed [...]
Nationwide Building Society is making its 90% LTV loans available for house purchase and for existing mortgage members looking to move home, giving them the same access as first-time buyers. From the second week of December, applicants will be able to borrow up to £500,000 over a maximum 25-year term, with rates aligned with [...]
Great news - we’ve increased our LTV limits up to 85% on selected Products. Here's a quick summary of our key features: Extending our product range to include 85% LTV on Clear, 80% LTV on AAA & AA for residential and 80% LTV maximum for all Buy-to-Let product ranges New max loan of £1m [...]
Metro Bank would like to formally invite you and your colleagues to join Dave Horsman, Business Development Manager, on his deep dive into Joint Borrower, Sole Proprietor up to 90% LTV with top tips on how to ensure your applications are turned around quickly. He will be joined by Paul Weatherhogg , Key Account [...]
Register now for our free webinars, including Q&As with Peter Barton (Ashfords) and David Burrowes (Equity Release Council) We’re holding free Q&A sessions with Peter Barton, Head of Equity Release at Ashfords, and David Burrowes, Chairman of the Equity Release Council this week. Q&A with Peter Barton, Head of Equity Release at Ashfords, 11am [...]
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: Atom Bank relaunch 90% LTV; Nationwide expand 90% LTV offering; Bluestone announce 85% LTV.
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: Aegon covers the end of the Brexit transition; Vitality's client interactive guide is now available for their simplified life proposition; Scottish Widows covers [...]
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