I just wanted to give you the heads-up on more great news from Precise Mortgages!     With effect from next Tuesday 16th June, Precise Mortgages will now be considering purchases as well as remortgages on our HMOs up to 6 beds and 6 unit MUBs.   I appreciate that there has been a [...]

From Tuesday 16th June 2020 NatWest will be introducing rate decreases of up to 30bps across their existing customer range. Mark Bullard, Head of Sales, said: “We’re delighted to be making further decreases to our existing customer range. I’m particularly pleased that we have been able to make these changes across a wide range [...]

Please be advised we are making changes across our Residential, Buy to Let and Reward ranges effective tomorrow, Tuesday 16th June, 2020 Key Changes Following the return of physical valuations, there are signs that activity within the purchase market is increasing.To further support the recovery, we are pleased to confirm the following product changes: [...]

We are pleased to announce the launch of new Buy to Let (HMO/Multi Unit Block) packager exclusives with Foundation Homeloans. The products are available up to 75% Loan to Value with No Early Repayment Charges from day 1. Property types considered include, up to 8 bed HMO's and up to 10 units on 1 freehold title. [...]

Foundation Home Loans, the home of specialist lending, has announced new residential rates and increased loan to values on their existing range as of Thursday 18th June. Here are the details: Re-introduction of 5 year fixed products across all credit tiers The extension of LTV for F1 products to 80% ERC free discount rates [...]

Supporting you and your mortgage customers with payment holidays Following revised guidance from the FCA, we want to make sure that you and your customers remain fully informed around payment holidays, now also referred to as ‘payment deferrals’. Although no monthly payments will be due during the customer’s payment holiday, interest will continue to [...]

Welcome to this week's Mortgage Update. Please take the time to read through the update as there may be some information that is important to you. Included in this week's update: Coventry Building Society release 90% products TODAY till 8pm Monday; Common packaging issues to avoid unnecessary delays from HSBC; Virgin, Clydesdale and Accord [...]

Welcome to this week's Mortgage Update. Please take the time to read through the update as there may be some information that is important to you. Included in this week's update: Precise Mortgages update their approach to furloughed income; Santander has increased its maximum loan amount from £1m to £3m; TSB has expanded their [...]

Buckinghamshire Building Society has listened to broker feedback and reduced our minimum loan size from £50,000 to £25,000 on our new range of desktop (AVM) products. Coupled with our manual underwriting this will enable us to help even more of your clients whose circumstances may not fit the traditional mould. These products offer up [...]

Please be advised we are making changes across our Residential, Buy to Let and Reward ranges effective from Tuesday 2nd June, 2020. Key Changes Following the introduction of desktop valuations, coupled with the return of physical ones, we are pleased to confirm the following product changes to support the purchase market: Introducing new 60% [...]