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: Chorley Building Society launches back into the Buy-to-Let market for non-portfolio landlords; Save your clients up to 25% in fees with Fleet Mortgages; Aldermore [...]

    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 [...]

Nationwide has been trialling the way we assess mortgage applications within two Nationwide regions, by moving away from task based assessments to a new case management process. I am please to confirm that from today the remaining three regions will move onto the new process, which will affect cases that received their first DIP on [...]

We’re withdrawing 7 products from our residential range at  8pm on Thursday 26 October. Products being withdrawn and not replaced are:    Product end dates Fixed 2 Year 31/12/2019 3 Year 31/12/2020 5 Year 31/12/2022 Fixed Year 1 Year 2 Year 3 Year 4 Year 5 2 Year 2% 1% 3 Year 3% 2% 1% [...]

Aldermore have launched a new limited edition range of remortgage only products for individual landlords with rates from 3.48%. Aldermore’s new range of limited edition remortgage only products are ideal for helping your clients get more from their current Buy-to-Let mortgage and with no valuation, legal or product fees they’re suited to individual landlords looking [...]

Despite ongoing predictions of interest and mortgage rate rises, the cost of mortgages has continued to fall with new data from Mortgage Brain showing further reductions in the cost of most mainstream products over the past three months. For the second successive quarter, Mortgage Brain’s product data analysis – a breakdown of all main product [...]

  Portfolio Submission Platform - eTech FAQs Our online portfolio submission platform is the new way of submitting applications for portfolio landlord cases. It is essential when you are submitting your clients’ applications, and without it, we will be unable to underwrite an application. To make using the platform even easier, we have provided a [...]

        Portfolio landlord sales aid now available Our commitment to supporting you and your portfolio landlord clients is as strong as ever. We've created this guide to help you understand the PRA changes affecting portfolio landlords and confirm the few changes we've made.   Download sales aid         Portfolio [...]