Equity release is often still seen as the go-to product for those hoping to borrow later than the average. Along came RIO and suddenly there were more options for those looking to mortgage into their later years. ‘Later life’ is a well-recognised term for the market, but our research shows us over 50’s are [...]
Many clients are turned down by high street lenders simply because they're 'too old'. We think that’s bonkers! We do lend in retirement. How can we help your clients? Q. My client is 65 and wants a 20 year mortgage – can you help? Yes! We lend in retirement with higher maximum ages than [...]
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: Legal & General: Striving for Financial Equality for Women Vida: Who cares wins! Keyworker Customer Types HSBC Changing There Buy-to-Let Mortgage Products Paragon's New [...]
Great news for your portfolio landlords! Family Building Society removes limit to number of properties in a SPV. The Society’s Buy to Let Limited Company mortgages are now available to landlords with any number of properties per company. This means that no matter how many properties your client has, they may be able to [...]
Important Product & Criteria Changes We are pleased to confirm some enhancements to our product range available from 10th March 2022. The revised product range will be available for selection on our broker portal from this date. A summary of the changes is noted below: Standard Range - A new lifetime tracker range, being [...]
Did you know? In the UK, 1 in 3 applicants have been rejected for at least one mortgage application they have submitted in the last 5 years. Contractors are a largely underserved group of workers by high street lenders, which is why we wanted to show how we can help you with those [...]
Great news for your portfolio landlords! Limit removed to number of properties an SPV can hold. Our Buy to Let Limited Company mortgages are now available to landlords with any amount of properties per company. This means no matter how many properties your client has, we may be able to help. How else can [...]
With effect from Friday 11th March, we’ll be making a number of changes to our BTL mortgage product ranges. Occasionally, during exceptionally busy periods, it may take you a little longer than normal to access the system and we thank you for your patience. Summary of changes: Existing BTL customer switching / borrowing [...]
How will your landlord clients meet the cost of the role of the EPC regulations? Our latest BVA BDRC Landlord Panel research for Q4 2021 discovered that around 4 in 10 rental properties currently have an EPC rating of ‘D’ or lower. This number was said to be relatively consistent across all portfolio sizes, [...]
Today we are launching new Residential specials - including Shared Ownership, Right to Buy and Help to Buy products! Here are some highlights: Special Shared Ownership 95% LTV, 2 years fixed, 4.14%, no fee and free vals Special Right to Buy 75% LTV, 2 years fixed, 4.29%, no fee and free vals Special Help [...]
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