Welcome to this week's Mortgage Update. Be sure to have a look through as there is sure to be some information pertinent to you. Included in this week's update: Hodge Lifetime launch their 55+ Mortgages in Scotland with a Later Life Lending event; Virgin Money make some improvements to their BTL range; Precise Mortgages do [...]

We would like to inform you that we will be launching a new range of mortgage products on Friday 1st September. Details of changes: The new range will hold October end dates. Our residential product rates have been reduced by between 0.05% to 0.20% across both fixed and discounted products. Buy to Let products have been [...]

The new BuildLoan website is here It's designed to be easier to use, helping you navigate more easily and quickly to find the content you're after, as well as containing new and improved features and functionality.   CLICK HERE TO TAKE A LOOK AROUND New exclusive Accelerator Mortgage from The Hanley Building Society BuildLoan is delighted [...]

We're just letting you know that we're extending the end dates across all New Business and Existing Customer products.  

Precise Mortgages, the specialist lender has announced its approach to Portfolio Landlords ahead of the implementation of phase two of the PRA’s underwriting standards due on the 30th September. Central to the lender’s proposition is the creation of a Portfolio Team whose role is to do the heavy lifting for mortgage intermediaries and to help [...]

BUY-TO-LET 2 YEAR FIXED RATES AVAILABLE FROM 1.47% We have made improvements to selected buy-to-let fixed and tracker rate products. Summary of changes Core Range Selected buy-to-let fixed and tracker rates products will be reduced, including: 2 Year Fixed Rate at 60% LTV will be reduced to 1.47% with a £1,995 fee 3 Year Fixed [...]

This month, we're pleased to announce you're now able to complete a rate switch on behalf of your client using NFI Online. Also, we're reminding you of the proofs that we request when submitting applications, discover our top tip on submitting tax credit proof and view our current FAQs, recent news and latest service levels. [...]

Below we have highlighted 12 different packager exclusive products available for both Residential and Buy to Let products. The available products include the following criteria:- 90% LTV with communication Defaults within the last 12 months 85% LTV with DMP's 80% LTV 5 Yr Fixed - Best affordability in the UK 80% LTV with 5 Defaults & 3 CCJ's in the [...]

To discuss a case, please contact us: 01252 916800 sales@fleetmortgages.co.uk

Following a review of our lending criteria we have made amendments to our income multiples policy for residential lending. Applications will now require an income of £55,000 or more (sole or joint) to qualify for a 5.00x income multiple. This replaces the previous £45,000 income threshold. The table below provides an overview of the full [...]