As you know the governments furlough scheme has been extended, and with two-thirds of businesses having already used the government’s scheme since it was announced*, Precise Mortgages and the wider OSB group have been looking at how we can support your customers who are currently in receipt of furloughed income. We are pleased to [...]
At Pepper Money we believe its important to be transparent about how we assess your clients' applications. Due to the on-going effects of COVID-19, we've made some changes to our underwriting requirements. We don't accept applicants who are: Currently in receipt of Coronavirus Job Retention Scheme (CJRS) Currently in receipt of the Self [...]
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: Masthaven release broker confidence research; Accord Mortgages remove their maximum loan limits; Nationwide cuts mortgage interest rates by up to 0.25 percent. [...]
On Friday 22nd May 2020, Halifax are making the following changes to the product range: New REM products including free valuation and free standard conveyancing - Available up to 85% loan to value (LTV) on 2 year and 5 year fixed rate products Own conveyancer only REM product changes Click here to find out more [...]
We are pleased to announce we will be instructing full physical valuations (England Only) for pipeline cases and new business from 9am on Tuesday 26th May. This will be done via internal inspections, a full risk assessment will be carried out to ensure the safety of our applicants and surveyors before any physical valuation [...]
Skipton launches refreshed range Under a revised affordability approach, Skipton has already confirmed it will accept cases from applicants who have been furloughed. Read more
I appreciate that I’ve contacted some of you individually about our product range as we seem to have some out of date products showing up, we’ve also had a higher volume of customers calling about certain products that are no longer available. I appreciate that a lot of you have helped to ‘clear out’ [...]
Following on from our communication last week and the restart of physical valuations and property viewing in England, we are delighted to launch a wider range of products. From Thursday 28 May residential mortgages up to 90% LTV and BTL mortgages up to 80% LTV will be available. We will withdraw the temporary limits [...]
Following your feedback, Platform has introduced a new broker SMS service as a quick way of updating you at key stages of the application process: The application has been offered The application has been declined The application still has outstanding information To ensure you are set up for this service, please log into Click [...]
We are delighted to announce that today we have launched an enhancement to our Product Transfer process by enabling you to also apply for additional borrowing alongside your product switch. Since our launch into Product Transfers in December 2017 this has been the main area you have asked us to address. A summary of [...]
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