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. Our lender updates include Virgin Money: Vulnerable customers: how to spot them and support them Mansfield relaunches remortgage with capital raising and debt consolidation to 90% LTV Buckinghamshire [...]
Some customers are at greater risk of harm if they aren’t given the right level of care and advice, says Nicola Goldie, Head of National Accounts at Virgin Money. The 2020 Financial Lives research from the Financial Conduct Authority (FCA) revealed a startling statistic: 27.7 million UK adults have characteristics of vulnerability, such as [...]
BUY TO LET PRODUCT AND CRITERIA UPDATES FROM METRO BANK At Metro Bank, we continue to review our product ranges to ensure we continue to develop our offering to support the mortgage needs of more customers. What’s new? 75% LTV 2 & 5 year fixed products with rates now starting from 3.09% and 2.59% [...]
Our specialist Versatility range is for complex circumstances and this case study shows how we’ve helped where there is an unusual property, debt consolidation and property downsizing involved: Remortgage with debt consolidation and capital raising Unusual property type – windmill in commercial use 2 days per year Interest only with property downsizing at the [...]
We have made your proc fee payments simpler through the broker portal. Like everything else in the portal, accessing this great feature is simple: On enquiry, select your preferred payment route: Mortgage Club, Network or Direct Payment This will then be paid automatically upon completion With simpler refurbishment applications now also available in the [...]
There are many reasons to choose Barclays for your clients’ needs. You might know we offer a range of competitive products available up to £10m. But, did you know that we offer the following for clients… 90% Max LTV for Residential houses and 85% for flats and maisonettes Offers valid for six months but [...]
One product, with one set of terms and conditions, to make life a lot simpler. Although it’s one product, we’re offering more flexibility than ever before around how you set it up for your clients. This includes the choice of: Age based prices that start off lower and go up with age (great for [...]
Mansfield Building Society has relaunched capital raising and debt consolidation remortgages up to 90% LTV in response to a surge in activity as customers seek to beat off interest rate rises. Lending is available on the Society’s standard residential range, on any products available for remortgage, up to 90% LTV with a maximum loan [...]
Last week, MetLife announced it has changed the terms on MortgageSafe policies for TRM advisers to 190% commission over four years. MortgageSafe is a unique individual protection policy that can protect your clients’ monthly mortgage repayments. It can provide an affordable option that enables your clients to cover 110% of the value of their [...]
We wanted to let you know that we’re making some changes to the following Clydesdale Bank products at 8pm today. · Selected 75% - 90% LTV 2 and 5 year fixed rates will be increased by up to 0.09%. · £600k - £1m 90% LTV 2 and 5 year fixed rates will be increased [...]
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