Flexible, affordable and available to a wide range of occupations, it’s everything you’d expect from an industry leader for income protection with a proven published claims record – plus a great deal more: Own Occupation Cover with level benefit throughout; Guaranteed Premiums with a choice of Level or Annual Escalating; No premium loadings for occupation, [...]

At Virgin Money, we are committed to making it easier for our intermediary partners to do business with us. As part of that commitment, we have listened to your feedback and are delighted to tell you we have made changes to our lending policy. We have enhanced the way we calculate the loan amount we [...]

The first time buyer market has reached levels not seen since 2006 and this demand shows no signs of slowing down. In 2015 we helped nearly 31,000 first time buyers purchase their new home, lending £4.5bn. We continue to offer a range of product solutions to support this important market: First time buyer exclusives with [...]

Bridging Finance (regulated) and Property Investor Finance (non-regulated) To help provide more clarity around the bridging finance we offer, we have separated the regulated and non-regulated finance options in to two individual propositions. To complement this, each has its own suite of documents - links to this new document suite are included below under ‘Documents’. [...]

Nationwide has updated their payslip and current account statement guides to help give you a clear understanding of what they need from your clients. In the guides there are illustrative proof examples for your reference along with details and guidance on income types, unacceptable income, and statement request reasoning. Click the previews below for the full guides and to download copies:         [...]

Update – Product transfers for foreign currency borrowers   At Clydesdale Bank we have been working hard to ensure we remain compliant with the MCD rule requirements for the deadline of the 21st March 2016. We have also been considering options to continue supporting our existing customer product transfer requests where the existing customer is [...]

As previously communicated our Premier flexible lending policies pilot ended on 31 March 2016. We’re pleased to confirm however that with immediate effect the below enhancements will now be available on an ongoing basis for both Premier and Wealth customers. What are the changes? LTI We have increased the maximum income multiple for applications from [...]

Aldermore this week announced it is expanding its product range to include bridging and property development sectors in Scotland. The product range will provide property finance from development to refurbishment. Aldermore currently offers products for residential, buy-to-let and commercial mortgages in Scotland. Charles Haresnape, Group Managing Director of Mortgages at Aldermore, said: “We’re delighted to offer [...]

Nottingham Building Society is one of the few lenders who will consider Interest Only mortgages up to 80% LTV, providing the borrowers have a specific repayment vehicle.  Any additional borrowing above 80% LTV would need to be on a repayment basis (part IO/part repayment acceptable). The maximum IO loan considered is £500,000.  Acceptable repayment vehicles [...]

Just to remind you, we now have a partnership with Principality Building Society, and have secured enhanced procuration fees for our members at 0.36% net on both residential and BTL cases. To take advantage of these fees, simply complete the attached registration form.  All enhanced procuration fees will be made via The Right Mortgage & [...]