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 [...]

NatWest to make rate reductions across Existing Customer product range Effective 12th October we are making changes across our Existing Customer product range, which reductions of up to 20bps on standard switchers and 13bps on Buy to Let switchers. We are also making changes to our end dates. Existing Customer A. Core Range – [...]

Fleet Mortgages is an intermediary only lender who caters for both professional and semi-professional BTL landlords, on an Individual or Limited Company/LLP basis, for both regular residential properties, HMO’s and Multi Unit Blocks. Steve Cox is Chief Commercial Officer of Fleet Mortgages. Here he shares his thoughts about the evolution of the landlord. Landlords come [...]

It’s the final week of myth busting specialist buy-to-let with West One and they have two final misconceptions to clear. Find out more and how to be in with a chance to win a luxury hamper here… Myth #5- Variety of solutions as cases are considered on their own merit- FACT High Street lenders [...]

  We’re getting in touch to tell you that we’ve updated the lending policy for both our Prime and Near Prime mortgages — these changes come into effect from 13th October. Not only have we simplified the criteria for all of our products to make your life easier, but we’ve made some changes that [...]