We’ll be holding two free webinars for brokers to find out everything about the Habito One mortgage range and how it could help your home-buying or remortgaging customers. Habito One is the UK's ONLY mortgage with a price that's guaranteed for the entire mortgage term, from 10-40 years. “We created Habito One because customers [...]
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: Buy to Lets for SPVs with The Mortgage Lender Newbury Building Society return to 90% LTVs on standard residential mortgages West One dispel [...]
Protection Update 15th October 2021 https://youtu.be/-kY5oernNE4 Protection update 15th October Hi everyone, It’s Friday 15th October and this is the protection update. Now I’ve just returned from holiday after a week off but there are couple of things to make you aware of. The Exeter Product Changes Firstly, the Exeter have [...]
TSB has made changes to their residential products which include selective rate reductions, with two year reduced by up to 0.20% and 5 year reduced by up to 0.55%.
Managing your customers’ expectations Please refer below for our current service levels to help manage your customer’s expectations for new applications. Important timescales New fully-packaged ‘right first time’ applications to approval are taking on average: Type Average number of working days’ for Underwriting assessment Standard Applications up to £1m paid in UK Sterling Employed [...]
What's changing? Following a review of our affordability assessment, from Wednesday 13 October, your clients' rental property income must be able to cover the mortgage amount requested, including any fees that are added to the loan. The total amount of the loan plus any fees added must not exceed 80% LTV. The following fees [...]
Refreshed Mortgage Pricing - October 2021 This communication summarises key changes being made to Mortgage pricing for Coutts as of Monday 11th October 2021. 2 Year Trackers have reduced by 0.25% across all LTVs, starting from 1.39% +Base 5 Year Trackers have reduced by 0.20% across all LTVs starting from 1.54% + Base 10 [...]
TML SPV's (BTL) An SPV is a great way to leverage expansion on a portfolio. A lot of lenders insist on the SPV being up and running for a minimum time. Not us. We think setting up an SPV is a savvy tactical mood, so we’ll lend to them when we can. Even when [...]
JOINT BORROWER, SOLE PROPRIETOR UP TO 95% LTV Our Joint Borrower, Sole Proprietor solution is perfect for first time buyers wanting to get on the property ladder, for older borrowers whose circumstances have changed and need support from a close family member to live independently in their own home or even in a separation [...]
90% LTV lending is back for standard residential mortgages across England and Wales*. Available now on our 3 year discount and 3 year fixed until 29 November 2024 mortgage products. Also… our ExPat BTL LTV limit has increased to 75% LTV. OTHER REASONS TO CHOOSE US: Instant chat service for rapid responses No credit [...]
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