All the tools you need for Contractors
Here is our latest article on Contractors, following our recent criteria enhancements. Click here to download the new Self Employed and Contractor Guide.
Weekly Mortgage Update – 8th April 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. Our lender updates include Foundation Home Loans reprice their Buy to Let products Keystone Property Finance enhances its lending criteria Accord Mortgages introduces Cascade score Molo Finance Pricing [...]
Are your clients in need of a reward? 💸
Hello With soaring energy prices and the Government scrapping VAT on energy efficiency measures, now might be the perfect time for your clients to make energy efficient improvements on their home or rental properties. And remember, they still may be eligible to apply for our Green Together Reward for an extra £500. Applications for [...]
We’re increasing Clydesdale Bank rates
We wanted to let you know that we’re making some changes to the following Clydesdale Bank products at 8pm today. · 75% - 90% LTV 2 and 5 year fixed rate Fee Offers will be increased by up to 0.09% · 80% LTV 5 year fixed rates with £999 and £1,499 fees will be [...]
Changes to the Halifax Housing Price Index
To calculate the percentage loan to value (LTV) when a product transfer (PT) is required, we use an indexed valuation figure which is updated quarterly by the Halifax Housing Price Index (HHPI). Ahead of the next changes to HHPI, expected in April, we wanted to take this opportunity to remind you that our online [...]
Important changes to our Contractor criteria – Under Embargo until 1st April 2022
As the lending specialist, we are here to assist all contractors, including those with a less than perfect credit record. We have listened to your feedback and are pleased to announce a range of enhancements to our contractor criteria, to help get life moving for your clients. These changes are under embargo until Friday [...]
Resale Price Covenant scheme
From 4 April we are changing the way applications for a property with a Resale Price Covenant (RPC) are to be keyed. We accept applications where the customer is purchasing a property at a discounted purchase price under an RPC, sometimes called Discount Market Scheme (DMS), and are introducing a dedicated ‘Resale Price Covenant’ [...]
Case Study 2 – Impaired credit
Derek has been living with his mother and is supporting her financially with everyday costs and her mortgage repayments. His mother Sally is a pensioner and Derek is a full-time HGV driver. Sally took out an equity release mortgage around ten years ago and together they have decided to remortgage and add his name [...]
Changes to Clydesdale Bank Variable Rates
Following the decision by the Monetary Policy Committee on 17 March 2022 to increase the Bank of England Base Rate to 0.75%, we’re making some changes. On 1 April 2022, we will increase our Standard Variable Rate to 4.99%, our Offset Variable Rate to 5.20% and our Offset Variable Investment Housing Loan Rate to [...]
Changes to our Standard and BTL Variable Rates
Following the decision by the Monetary Policy Committee on 17 March 2022 to increase the Bank of England Base Rate to 0.75%, we’re making some changes. On 5 April 2022 we will increase our Standard Variable Rate to 4.99% and our Buy to Let Variable Rate to 5.19%. What happens with existing customers Customers [...]
