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: Santander's response to the Bank of England base rate change Bluestone Mortgages: Have your clients had an unfortunate CCJ registered?  Newbury BS: Great [...]

We’ve made some exciting changes to Clydesdale Bank’s lending criteria and products so we can say yes to more customers. Improved LTV bands and higher loan size. We’ve increased the LTV by loan amount across all residential tiers and can now lend up to: 95% LTV to £600k 90% LTV to £1m 85% LTV [...]

Bank of England Base Rate increase The Bank of England’s Monetary Policy Committee have today announced a 0.25% increase to the base rate to 0.50%. As a result of this announcement we can now confirm the following: All customers who have existing mortgages which track the Bank of England Base Rate will see their [...]

We’re making various changes to our residential and Buy to Let criteria on Wednesday 9 February. We’re updating our residential affordability rates to reflect December’s Bank of England base rate increase. We’re also updating our Buy to Let rental cover thresholds (ICRs) to allow us to better consider your client’s tax position: At least [...]

Precise Mortgages is launching a new and improved bridging finance range on Monday 7 February. To secure a product from our current range, you must fully submit your applications before 8pm on Friday 4 February. New products will be available on our website from 9am on Monday. Speak with a member of our sales [...]

Available across our core and niche Buy to Let ranges, our top slicing facility can be applied to more than your average buy to let cases. We’ve used top slicing to approve mortgages on joint borrower sole proprietor applications, non-owner occupier and complex income cases. We can even top slice using minimum income only. Take a look [...]

Following today’s decision by the Monetary Policy Committee to increase the Bank of England Base Rate to 0.50%, we’re increasing our tracker mortgage rates. Our updated tracker rates will be available from 4 February 2022 and reflect the change to the Bank of England Base Rate. Our tracker differential will stay the same. What [...]

Bank of England Base Rate increase The Bank of England’s Monetary Policy Committee have today announced a 0.25% increase to the base rate to 0.50%. As a result of this announcement we can now confirm the following: All customers who have existing mortgages which track the Bank of England Base Rate will see their [...]

Look no further… At Bluestone Mortgages, our flexible acceptance criteria can help: » All CCJ's under £300 ignored » All CCJ's over 3 years ignored » All Telecommunication CCJ's ignored Don’t let a minor or historic CCJ negatively affect your client's ability to get a credit, as we give credit, where credit is due. Round [...]

Following the decision to increase the Bank of England base rate by 0.25% from 0.25% to 0.50%, we can confirm the following for existing mortgage customers: All tracker mortgage products linked to base rate will automatically change from the beginning of March. This includes Santander’s Follow-on Rate (FoR), which will increase from 3.50% to [...]