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 [...]

Our new products are available from today across our Residential, Older Borrower and Buy to Let portfolios. All previous portfolios withdrawn with immediate effect with applications accepted up to Friday 3 November. Older Borrowers 13 NEW products released with a mix of fixed and discount options 2 and 3 year products available Choose between cashback or fees assisted [...]

We are seeing an increase in the number of Expat mortgage applications. As a result of this, we wanted to let you know that as of today, we have introduced our new Buy to Let Expat proposition. What the changes include: HMO and Limited Company loans now available for Expat customers through our new Specialist [...]

Packager exclusive products for buy-to-let now available at TFC from Foundation Homeloans TFC Homeloans are pleased to announce we have some packager exclusive buy-to-let products on offer to The Right Mortgage Network from Foundation Homeloans. The new products offered are 80% LTV on Foundations standard and first time landlord ranges. Their maximum LTV on their [...]

Annual house price growth picks up to 2.5% Modest 0.2% month-on-month increase House Price Index headlines  Oct 17 Sep 17† Monthly Index*  420.7 419.7 Monthly Change*  0.2% 0.4% Annual Change  2.5% 2.3% Average Price (not seasonally adjusted) £211,085 £210,801 *Seasonally adjusted figure (note that monthly % changes are revised when [...]