Precise Mortgages’ new residential mortgage products have been designed to allow them to accept more of your cases. The new products offer improved criteria: - NEW - Defaults: 5 in 24 months, with no maximum £ amount - NEW - CCJs: 3 in 24 months, with no maximum £ amount - Mortgage/secured loan arrears: 1 [...]
Important information on the stamp duty changes In the Government's Autumn Statement, changes were announced to stamp duty that will become effective from 1 April 2016. It's important that you and your clients are aware of these changes and the potential impact on costs involved in a purchase transaction. We'll be processing applications as efficiently [...]
Research and Sell Protection With Ease Are you looking for an easier way to research and sell protection? With SolutionBuilder® there is: no need to re-enter data multiple times no losing quote data after 30 days no need to print off reams of paper or compare results in a spreadsheet no need to second guess likely [...]
At Clydesdale Bank we have been working hard to prepare for the introduction of the MCD rule requirements which are introduced on the 21st March 2016. Over the next few weeks we’ll keep you updated with any changes we make to our systems and documents, along with key dates. Meanwhile, we want to let you [...]
Last week we told you about the changes to our lending criteria for part and part interest only customers using sale of the mortgaged property as their repayment vehicle. A reminder of these changes: For part interest only sale of property with part capital and interest, the £150,000 minimum equity requirement will be calculated on [...]
From Monday 7 March, NatWest Intermediary Solutions (NWIS) will begin instructing all valuations for residential and buy-to-let purchase and remortgage applications, up to £500,000, from ‘Day 1’, when an application is submitted. This will enable the underwriting and valuation processes to run concurrently, thus reducing the time a customer has to wait for an offer. [...]
Lucky Doors - a new, monthly rewards competition Launched on the 1st January – with prizes to be won all year. All conveyancing cases including sale, purchase, remortgage and remortgage with TOE and standalone TOE cases that complete will be entered into ‘Lucky Doors’. Cash prizes and exclusive prizes to be won throughout the year. For [...]
Ben Allen, Head of Compliance With the Mortgage Credit Directive coming in to force on 21st March 2016 and with many lenders already having switched over to their ‘post MCD’ processes I wanted to take a few moments to go over the changes to initial disclosure and to recap on the existing requirements [...]
We would like to invite you to the second in our series of Business Protection Webinars presented by AIG’s Technical Consultant Kevin Russ. To book a place, please select the preferred date and time below: Weds 9th March 10:00am Weds 9th March 3:00pm In 40 minutes, Kevin will explain how Key Person Protection works and [...]
Barclays Offset Mortgage (TV Advert) Over the past few weeks, Barclays has been thinking a lot about missing value and how we want to help our customers and clients become more aware of the money and time that could be saved and earned if only they knew how. Our Offset Mortgage is an excellent demonstration [...]
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