Right to buy: will now lend up to 95% of discounted price (previously 90%) – overall LTV must be 80% or less Clean /minor adverse up to 95% LTV/LTS  : Missed payments on communications and utilities acceptable, recently satisfied default or CCJ up to the value of £100 acceptable, 1 missed payment on credit card, [...]

In our recent poll, 79% of respondents said that specialist could be the new norm. Complex income, unusual working patterns, multiple employed roles, contracting and self employment are all on the increase. We hear about it every day. Circumstances that were previously considered ‘niche’ are becoming more mainstream. At TML we take an individual approach [...]

Earlier this year we introduced proc fees of 0.30% for Buy to Let product transfers. Now we’re delivering on our commitment to pay proc fees for Residential product transfers on all applications received from 24 November 2017. Read the FAQs to see full details Don’t forget – your existing clients can apply to transfer to [...]

  We are making some changes to our mortgage range When you registered to do business with us, you provided your FCA registered address, including a postcode.  Our emails will always include this postcode near the top of the page so that you know they’re from us. We would like to inform you that we [...]

We're just letting you know that from Tuesday 31 October, we'll be extending the end dates across all New Business and Existing Customer products. Product Highlights 2.74% 5 year fixed at 75% LTV Available for purchase and remortgage £1,995 arrangement fee Free standard valuation and £250 cashback ERCs apply 2.89% 5 year fixed at 75% LTV Available [...]

Non-portfolio 1.99% 2 YEAR FIXED 75% LTV £1,495 fee Free valuation No legal fees View product Portfolio 2.85% 2 YEAR FIXED 75% LTV 0.50% fee Single, self-contained properties, no limited companies or LLP'S Free valuation and no application fee No legal fees View product We have also launched some additional portfolio products, which are detailed [...]

Platform adjusts interest cover ratio down to 128% for buy to let remortgage business. From Monday 30 October, Platform; the intermediary-led mortgage brand of The Co-operative Bank, will assess eligible buy to let remortgage applications, without additional borrowing, using a minimum of 128% rental cover at a notional interest rate of 5.50%. This arrangement supports [...]

On Friday 27 October, we made some important updates to our Buy to Let (BTL) lending criteria.   Minimum income criteria We’ve simplified our criteria by removing the £50,000 minimum income requirement for applicants who will have five or more let properties at completion. We also now accept other income types. This means for all [...]

Want to learn more about the PRA changes to portfolio landlord underwriting standards? This short video produced by Aldermore will assist you in understanding the classification of portfolio landlords, the new affordability assessments and the use of personal income for your client’s cases, giving you tips for submitting business with Aldermore. Watch the full video [...]