Barclays has simplified its Buy to Let affordability assessment
From today, Wednesday 14 December, we are simplifying our affordability assessment and minimum gross income requirements on all applications for new Buy to Let (BTL) lending. We are making the following changes: Separate rental coverage requirement removed; Minimum gross income requirement simplified to be £25,000 per annum (for joint applications, at least one applicant must [...]
Barclays – We are refreshing our end dates
Please be advised that as of Wednesday 14 December 2016, we are refreshing the end dates of our Fixed range for both Residential and Buy to Let products. We are also making a selection of product withdrawals; full details can be found below. And, we are committed to keeping our fixed and tracker rates as competitive [...]
NatWest to launch new 5 year fixed rate deals and change rates on intermediary semi-exclusives
Good Afternoon All. I am pleased to say that tomorrow we are introducing some new 5 year fixed rate residential purchase and remortgage deals to our semi-exclusive range and reducing the rates of a large number of our purchase and remortgage fixed rate deals. We are also cutting the rates on two of our buy-to-let [...]
The Nottingham: Product changes – 14th December 2016
Dear Intermediary Partner Here is the latest Intermediary news from The Nottingham. Product changes We are extending the end dates on four of our residential products and two of our buy-to-let products. These changes will take effect from 9am on Wednesday 14th December 2016. Residential: 75% LTV 2 year fixed until 01/04/2019; 1.85% pay rate; [...]
Santander for Intermediaries – Thank you for your support
Thank you for working with Santander throughout 2016. This team work has again meant we’ve won 5 stars at the Financial Adviser Service Awards 2016. As a result of your feedback this year we’ve improved Introducer Internet including: Document upload facility making it quicker and easier Evidence requirements at AIP and FMA helping you to [...]
NatWest: Contractors Income & Family Based or Non Court Ordered Maintenance Payments
Please be aware of the changes to NatWest's criteria in relation to contractors income and family based or non-court-ordered maintenance payments. If you have any queries, please contact your local BDM or ask via NatWest's LiveTalk Changes as follows - From Monday 12 December, the way we assess the income of self-employed contractors earning more [...]
The Marsden: Older Borrower survey
Earlier this year, Marsden Building Society asked you your opinion on Older Borrowers and some of the challenges you face when sourcing a mortgage for clients +55. Thanks to your feedback, the Marsden changed a range of things in our product range to support you and your clients... so thank you! The market continues to [...]
Principality: Changes to Affordability Assessment
In line with the Prudential Regulation Authority’s Buy to Let underwriting standards, from Monday 12th December we will be changing the way we assess affordability on Buy to Let and Holiday Let mortgages. The rental cover will be increasing from 125% to 145% and our affordability rate will be decreasing from 5.74% to 5.50%. The [...]
The Exeter: Waive goodbye to complex income protection
Income protection can be complex, but with The Exeter you can guarantee a simple approach. Our new range of Plus products include an improved waiver of premium feature as standard – something that’s easy to overlook but could save your clients a lot of money. How does it work? With our new waiver of premium [...]
