NEW Later Life Products Marsden Building Society are experts in later life lending and have just launched a range of new products for their Older Borrower and Retirement Interest Only (RIO) ranges. From 23 June, their later life portfolio includes; Older Borrower A set of conventional mortgage products for those aged 55 and above [...]

We're now able to accept additional securities on our bridging applications, where the additional property meets the following criteria: Minimum property value is £75k Maximum property value is £750k Maximum 50% LTV To find out more, speak with your Business Development Manager or call our dedicated support [...]

Great news! We've recently updated our affordability calculator and widened some of our lending policy. What’s new? We’ll now accept 50% of overtime, shift allowance and commission (not bonus payments) for affordability purposes. Your client will need to show they’ve received this income consistently over the last 3 [...]

Here is an update in relation to how Hanley Economic will be processing cases moving forward, in light of the impact of Coivd-19. Below is a simple document which outlines the main changes that include furloughed workers, self-employed and changes to use overtime / bonus / commission for all applicants moving forward. We have [...]

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: HSBC provide new mortgage payment holidays update; Foundation Home Loans launch new residential rates; Monmouthshire Building Society re-enters residential 90% LTV market. [...]

Nationwide is the latest lender to reduce its maximum LTV for new business, but will continue to lend up to 95% LTV for existing mortgage members. From tomorrow, Nationwide will now lend up to a maximum LTV of 85% for house purchase, remortgages and lending to first-time buyers. Speaking to Financial Reporter, a Nationwide [...]

The Society expects the 90% mortgages to be very popular and therefore these could be withdrawn at short notice. Read more

Today we are rolling out our brand new service, DigitalMove Plus, which gives brokers access to the latest and best DigitalMove features and delivers an even better home moving and refinancing experience for everyone. Our first Plus feature is a market-leading remortgage solution, which is available now, only through DigitalMove. What is Rapid Remortgage? Rapid Remortgage enables [...]

Supporting the 90% LTV market On Friday 12 June we launched a limited tranche of funds at 90% LTV to support you and your clients. To give you certainty, and to help you manage your clients’ expectations we advised that these products would close tonight at 8pm. We can confirm the 90% LTV 5 [...]

The current climate may have made prospective first-time buyers think about leaving home, changing their current living situation and stepping onto the property ladder. To support this potential uplift in new residential business coming your way, I’m delighted to say that we’ve introduced our new shared ownership offering, which includes up to £1m accepted [...]