As you’ll already be aware it’s been an exciting week so far for OneSavings Bank and we're excited to announce some further product enhancements. Later today, both Precise Mortgages and Kent Reliance for Intermediaries will be increasing the LTV on buy to let and residential mortgage products to 70%, on properties valued up to [...]
LV=’s new desktop valuation solution for Lifetime Mortgage Lump Sum+ is now live. You can now submit your client applications and they will be considered for a desktop valuation. Please be aware that desktop valuation is not available for LV=’s Flexible Lifetime Mortgage product. Submissions for desktop valuation eligibility To enable LV= to review any [...]
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: Paragon issue new rate sheets including their new SVR; Santander have new evidence requirements; Coventry Intermediaries reintroduces 75% LTV remortgage products; Barclays extends [...]
Hopefully, you will have seen the great news announced earlier this week that Nationwide has resumed lending up to 85% LTV – We're delighted to confirm that this also applies to New Build houses. We’ve also made a correction to the original New Build Update which was circulated last week – it’s a small [...]
Extensions to Mortgage Offers In light of the Covid-19 pandemic the Ministry of Housing, Communities & Local Government have recently issued guidance for buyers and sellers to be more flexible on moving dates and as such completions. In addition, they have requested that Banks should extend mortgage offers where a delay to completion takes [...]
Just a quick update to advise we have gone live with our desktop valuations (up to 75% LTV). Accepting this won’t fit every case we're sure you will agree it is a positive step forward for those applications which will fit the required criteria. Our underwriters are working the current pipeline and will be [...]
The Growth Series is designed with brokers in mind, to help you build your business, but also to provide support where you need it most. That's why we've created a dedicated Covid-19 resource centre, containing lots of useful content designed to help you through this time. If you haven't signed up to the growth [...]
BUY TO LET Our wide range of Buy to Let mortgages gives your customers a choice of different products, LTVs and the benefit of two fee assisted re‑mortgage options for properties up to £2million. Buy to Let highlights No minimum income (subject to rental void plausibility checks) Digital valuations up to 75% LTV on properties up [...]
In response to changing times, Masthaven is giving your customers added flexibility with the launch of a new range of limited edition fees-free remortgages. Find out more Available on first charge residential two- and five-year fixed remortgages, give your customers the option to remortgage without having to pay any fees up front. Key features: [...]
During these difficult times, we're trying to make things as easy as we can for our customers. Following the Bank of England's base rate reduction, we've reviewed our Standard Variable Rate and can confirm we are making a 0.50% reduction - lowering our SVR from 4.70% to 4.20% from 1st May 2020 for both [...]
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