This information is strictly embargoed until 21st April at 2pm . Effective 21st April we are reintroducing more no fee products for New Business customers, across purchase, remortgage and buy to let deals. This is in addition to rate decreases of up to 23bps. New Business New Products Purchase: 4 no fee products covering [...]
The removal of mortgage interest tax relief has had a significant effect on the buy to let market since its phased reduction was announced in 2017. With landlords no longer able to deduct mortgage interest from their rental income, it's never been more important for you to understand the tax implications that impact your [...]
Flexible and inclusive underwriting Looking for quick decisions and comprehensive cover for your clients? Our flexible underwriting service is tailored to provide this through a straightforward application process. Visit our underwriting page > Our online tools can help support you through every step of our application process. Medical conditions we cover guide, understand your [...]
CHL Mortgages further expands its product suite and criteria by launching a new product range for large Houses in Multiple Occupation (HMO) and Multi-Unit Freehold Blocks (MUFB), designed to cater for properties with 7 to 10 bedroom/units, so moving the lender further into the complex multi-unit/tenanted buy-to-let market. This move follows the recent launch [...]
Want to learn more about our income protection, increase your selling potential and better understand your client's needs - all while earning CPD? Following the success of the events we ran in October, we are running the following sessions over 6 days, so simply sign up and we'll help you develop your income protection [...]
I wanted to share with you a flyer that details some of our latest enhancements to our affordability criteria on our residential range. In the flyer are also two case studies, demonstrating how our new criteria can help borrowers with more complex incomes and provide more opportunity of homeownership for your clients. Download Affordability [...]
What Foundation is good at: Residential mortgages for borrowers with complex income, employment or credit history Buy-to-let mortgages for landlords, portfolios and limited companies Specialist property types including HMOs and multi-unit blocks Visit the Foundation website Foundation Home Loans for specialist residential Not every case is straightforward, or ordinary. Some clients have circumstances that [...]
Buy to Let Range Refresh We are refreshing our full BTL Range on Friday 22nd April with all BTL products being withdrawn from 6.00pm on Thursday 21st April. Transition arrangements Products must be selected with all mandatory docs uploaded, fees paid, and case progressed to ‘Application Received’ stage, by 6.00pm on Thursday 21st April. [...]
Limited Company Buy to Let We were delighted to bring our Limited Company Buy to Let mortgage back to the market earlier this year and in doing so, anticipated the needs of the growing number of landlords whose portfolios are structured via a special purpose vehicle (SPV). Our competitive five-year fixed rate product protects borrowers from surprises in [...]
On 6 April, the following changes were made to the lending criteria for LV= lifetime mortgages. In summary: Our previous maximum acreage was 5. We will now look by exception at properties with up to 15 acres. We will now be able to consider annexes where family reside in the annexe on a full-time [...]
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