Accord Mortgages has removed all property value restrictions and returned its maximum loan size to £5m for residential and £1m for buy-to-let applications. A lending limit was put in place at the end of March, in response to limitations around physical valuations due to the Covid-19 pandemic. With changes effective from 29 May, the lender is also increasing the maximum loan [...]
Nationwide is reducing rates on selected two-, three-, five- and ten-year fixed rate switcher mortgage products, and two-year tracker mortgages, by up to 0.25 per cent from 28 May. The society will also be reducing rates on products with a £1,499 fee and its later life mortgage products by up to 0.40 per cent. Read more [...]
We're committed to providing specialist lending solutions As announced last week, we're supporting the return of physical valuations and have launched a new range of residential and buy to let mortgage products up to 75% LTV. Residential Mortgages 2 year fixed rates from 3.49% 5 year fixed rates from 3.59% [...]
2020 has been a strange year so far. Many of us have faced challenging times and uncertainty, and whilst this is set to continue for a while longer, Kent Reliance for Intermediaries is here for you. Here are some of the ways they’re able to continue to support you: Specialist knowledge from a national [...]
A spot of good news – you’re part of an industry that’s confident about its future prospects and is determined to continue supporting customers, despite the ongoing coronavirus crisis. We asked more than 200 of our brokers about their confidence levels for the next 12 months and what they’re doing to support their customers. They [...]
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: Accord, Ipswich Building Society & Virgin Money resume lending at 90% LTV; HSBC reduce rates across mortgage products; Aldermore, Metro Bank, Natwest, Precise [...]
Following the recent government announcement physical valuations are now allowed to be undertaken following strict guidelines to ensure the safety of valuers and the tenants. Please note that due to the restrictions that need to be implemented valuations will probably take up to 20 working days or longer dependent on property type. Any cases [...]
We are pleased to support the return of physical valuations and are introducing a new range of products with extended criteria to help you and your customers. Existing products will be withdrawn at 8pm on Monday 18th May. The new range of products will be available on our website from 8am on Tuesday 19th May. To secure [...]
As the housing market comes back to life we’ve good news for your BTL clients. From 8am Friday 22nd May we’re increasing our BTL LTV limit to 75% for remortgages and we’re also lending for BTL house purchase up to 75% LTV. First Time Landlords? We’re also making changes to how we lend to [...]
Following updated guidelines from the UK Government, we are pleased to confirm we are recommencing physical valuations as of Monday 18th May. This is for both Residential and Buy to Let applications for all building types in England where the occupier is comfortable to allow access, and the valuer confirms the property is safe [...]
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