The last couple of years have been difficult for everyone and, as we now move forward out of the pandemic, further challenges have emerged for the self-employed who have taken government assistance for their businesses and now need to apply for a mortgage. This has added a new layer of complication to their mortgage [...]

Whether it is increasing rental yields through light refurbishment or getting a property ready to sell through heavy works, there are plenty of opportunities for property investors if they use refurbishment finance well. Mia Colgan explains the avenues available to investors with a 85% gross LTV, no-monitoring refurbishment product. Find out more here. [...]

Mortgage Solutions is asking their readers to complete a survey on Specialist Lending to get some insight into the market. They have asked if our members would also take a few moments to complete and be entered into a draw as a thank you Here’s the survey link –  https://survey.alchemer.com/s3/6843451/Mortgage-Solutions-Survey

14% of UK adults are planning to buy a home in the next 12 months, however a third (34%) of them could see their mortgage application rejected due to ‘adverse credit histories’, according to new research by The Mortgage Lender (TML). Our recent article looks at how recent financial stresses of the pandemic, coupled [...]

Whether your client is a seasoned pro or a newbie dipping their toe, here’s how we can help: ·     Straightforward rental cover tests, starting from 125% at 5%, or product rate +1%, whichever is higher. ·     Personal income accepted to help with affordability. Give our affordability calculator a try. ·     Portfolio landlords are welcome. [...]

A ‘How to’ guide by Gemma Lang, Regional Area Manager at Foundation Home Loans. As you know, we lend on Short Term Lets in England, Wales and Scotland, but what does “Short Term Let” really mean? Our BDMs are often asked by brokers, “What’s the difference between an Air BnB and Serviced Accommodation?” or “What’s the difference between a Holiday [...]

A number of worldwide events have really sharpened many people’s outlooks and interest in the economic plight of the UK and on a worldwide scale. This is especially apparent with the scars from the pandemic living long in the memory and in the pocket of a vast number of people. This is also a [...]

BTL: 75% LTV, 2 years, 2.79%, 1.75% fee BTL Property Plus: 75% LTV, 2 years, 4.29%, no fee, free valuation / free valuation and free legals / free valuation and £250 cashback BTL Property Plus: 75% LTV, 5 years, 5.09%, no fee, free valuation / free valuation and free legals / free valuation and [...]

TEMPORARY REMOVAL OF PORTFOLIO BUY TO LET With effect from 5.30pm on Thursday 26 May 2022, we will be temporarily removing Portfolio Buy to Lets from our product offering. We class Portfolio Buy to Let as any Buy to Let application where the applicants will own either in sole name or jointly, the sum of 4 [...]

On Thursday 26 May, following the new lending policy in April, we can now confirm that we’re increasing our LTV for self-employed applicants from 75% to 90%. Existing Santander mortgage customers moving home will continue to be able to borrow up to 95% LTV. Our affordability calculator will be updated to reflect this change so [...]