New fixed rates, updated guide attached for your information – please forward to appropriate sourcing companies. New Fixed Rate Products Additional funds secured, as a consequence we have now re-launched FE069, FE070 and RFE037 Product Restrictions Please note restricted income multiples continue to apply to our 95% product range, defined as product codes FE070, DE098 [...]

Prices rose 1.1% month-on-month in June, reversing the previous three months' falls Annual house price growth rises to 3.1% Gap in house price growth between strongest and weakest performing regions in Q2 is the smallest on record House Price Index headlines June 17 May 2017 Monthly Index* 417.5 412.8 Monthly Change* 1.1% -0.2% Annual Change [...]

We're just letting you know that from tomorrow, Wednesday 28 June 2017, we're extending the end dates across all New Business and Existing Customer products. New Business guide Existing Customer Switcher guide Product highlights 1.59% 1.74% 1.99% 2 year tracker up to 65% LTV Available for [...]

Specialist lender Aldermore has launched a new service promise to ensure when you work with them you’ll receive amazing support, expertly delivered. Their new service promise focuses on four key areas: Dedicated contacts - Experts to help you with new opportunities and throughout the application process Transparent service - Current underwriting and offer timescales updated every working [...]

Precise Mortgages’ new Document Certification Form only needs one signature to verify all supporting documents. Click here to download the new form.    No need to sign every supporting document Just one signature on a completed form will confirm that all of the supporting documents have been checked and verified.   Faster processing times As [...]

We would like to inform you that we are reducing rates across a number of our mortgage products. Please see below a summary of the products that are reducing: Residential 65 - 75% LTV discounted mortgage products to reduce by 0.10% The 90 - 95% LTV residential mortgage products will be reduced between 0.10% to 0.20% [...]

The way we assess a BTL application is based on a combination of the Interest Coverage Ratio (ICR) and the BTL reference rate detailed in our lending policy. Total gross annual income includes all income received, i.e. all annual gross rental income from existing properties and the new BTL property, plus any other earned or unearned annual gross income. For [...]

The sixth edition of Kent Reliance’s Buy to Let Britain Report is available to download now. The report is a detailed analysis of important trends in both the Private Rented Sector and the Buy to Let mortgage market. Following political and economic uncertainty, changes to the tax treatment of BTL, and the introduction of the [...]

Virgin Money consider a customer to be self-employed if they have a shareholding of 20% or more in a business or they have a shareholding in a Limited Liability Partnership (LLP). Check that your clients’ business meets each aspect of our general criteria below: > The business has been in operation for at least two [...]

Following a review of our lending criteria we have made amendments to our income multiples policy for residential lending. Applications will now require an income of £45,000 or more (sole or joint) to qualify for a 5.00x income multiple. This replaces the minimum loan requirement of £175,000. (Please refer to our intermediary website for details [...]