100% of rental income now accepted and up to 95% LTV on Let to Buy.
Fewer hurdles for your clients Here are two of the latest ways we’re making things easier for you and your clients: Your clients can now use 100% of their rental income towards affordability for Residential and standard Buy to Let mortgages (previously 50%). The maximum LTV for Let to Buy lending has increased to [...]
NatWest mortgage Standard Variable Rate (SVR) changes
From Monday 21st February the Standard Variable Rates (SVRs) for our residential mortgages will be changing in response to the increase in the Bank of England’s Base Rate. This means that the SVR for all new residential mortgage deals will be 3.99%. There is no change for Buy-to-Let mortgage deals, which will remain at [...]
Improved Clydesdale Bank new build incentives
Clydesdale Bank have announced improvements to their New Build and Newly Qualified Professional mortgages, take a look at what’s new. Improved new build incentives criteria Clydesdale Bank now accept cash incentives of as much as 5% of the purchase price up to 90% LTV. This includes cashback deals, stamp duty contributions and payment of [...]
Weekly Mortgage Update – 18 February 2022
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: Generation Home: Launches affordability calculator. Natwest: To make rate increases to New and Existing customer product ranges. Mansfield Building Society: Brokers crying out [...]
Teachers for Intermediaries: For your eyes only
At Bluestone Mortgages, we pride ourselves on our transparency and communication with our broker community; we are constantly looking at ways to provide you with better services. Here are some of the improvements we've made: Fully packaged applications assessed within 24 hours Applications are underwritten within 24 hours, including further information assessments 95% of calls answered within 30 [...]
Bluestone Mortgages: Our service levels are fantastic right now…
At Bluestone Mortgages, we pride ourselves on our transparency and communication with our broker community; we are constantly looking at ways to provide you with better services. Here are some of the improvements we've made: Fully packaged applications assessed within 24 hours Applications are underwritten within 24 hours, including further information assessments 95% of calls answered within 30 [...]
Harpenden BS: Holiday Lets exclusive – 2.59% | LTV 80% | Max Loan £2m
We manage complex cases, offer bespoke solutions and provide flexible underwriting. Holiday Lets/Holiday Home/Second Home L&G Exclusive – 2 Year Discount Rate 2.59% | LTV 80% | Max Loan £2m View Full Rate Card We have the expertise and experience to specialise in managing complex cases – delivering [...]
Furness Intermediaries: We’re updating our product range
Product Withdrawal We're making a change to our product range. The following products will be withdrawn at 5pm on Thursday 17th February 2022 Applications for these products must be submitted before this time. View Our Product Range
Mansfield: An open minded approach to Joint Borrower Sole Proprietor
Case Study: an open minded approach to JBSP In this Joint Borrower Sole Proprietor case study we were able to help a father support his daughter with our flexible approach: Property: a converted flat in a block of four storeys £460k loan with a split repayment term Father pays £280k over 18 years up [...]
