We've made some significant enhancements to our policy across our whole product range, providing further support for those looking to make the homeownership dream, a reality. Here's a quick summary of the changes: Mortgage offer validity period increased from 3 months to 4 months 1 month bank statements now required for employed applicants We have [...]

At Penrith Building Society we recognise that people have a variety of ways in which they can invest their money. Unlike other lenders who might shy away from inexperienced buyers, we welcome applications from clients who have never let a property or never even owned a property. We will consider applications up to 70% [...]

NEW: Customer with an active DMP? No problem. For those with less-than-perfect credit histories or Debt Management Plans (DMPs) getting a mortgage could feel like an uphill battle. Well, we have great news! Precise Mortgages’ range of residential mortgage products has now been expanded to include options for your customers that have an active [...]

Clients who are asset rich can often find it hard to secure a mortgage thanks to unusual income profiles, including these scenarios: Owning a substantial, high value property Having substantial cash, investments and/or pensions Being retired or on a career break Recently going through a divorce Appearing to have low income relative to borrowing [...]

The low deposit mortgage solution Earlier this Autumn we announced our support of the Deposit Unlock scheme. The scheme allows your clients the opportunity to access 90.01 - 95% LTV mortgages for a New Build home from a participating builder. The full list of participating builders has now been published on the Home Builders Federation [...]

We're pleased to announce the introduction of four new 5 year fixed rate products to our buy-to-let portfolio range. These are 75% and 80% LTV products starting from 3.05% and offering free mortgage valuations. These products are available for single self-contained units, HMOs and multi-unit blocks on both purchases and remortgages and come with a range of cashback options. Take [...]

Applies to Accord BTL You’ve heard Accord talk about their common-sense approach to lending and how they consider each case on its own merits, so it made no sense that they still ask all landlords to have a minimum earned income. So, from Wednesday 24th November 2021, Accord removing their BTL minimum income requirements. [...]

Effective from Wednesday 24 November 2021 Here’s a full list the changes with product codes in brackets: New Business Core Range Residential Rate Changes 2 year fixed rate purchase [FO28370] 60% LTV, increasing by 10bps from 1.23% to 1.33%, product fee £995, cashback £250 [FO28371] 60% LTV, increasing by 14bps from 1.47% to 1.61%, [...]

New: Seasonal Specials limited edition residential range With lower rates across 2 and 5-year fixed large loan mortgage products, Kent Reliance for Intermediaries could support your residential clients with loans up to £3m at up to 90% LTV. 2-year fixed rates from 3.19% 5-year fixed rates from 3.29% Loans up to £3m at 90% [...]

6 reasons to use Foundation for contractors No minimum income requirement for any type of Contractor, regardless of industry For Day Rate Contractors, income calculated at day rate x 5 x 46 For the Construction Industry (CIS) specifically, contractors can be viewed as PAYE, and average gross pay from the last 3 months payslips [...]