To help more of your clients get the loan amount they need, we’ve increased the flexibility of our buy-to-let underwriting. That’s why we allow clients to include personal income in the affordability test. The rental income must cover 125% of the mortgage interest payment, calculated at a notional rate of 5.50%, with personal income being [...]

Retention Procuration Fees Don’t forget we are paying a retention procuration fee of 0.20% to intermediaries for recommending a product transfer for both residential and buy to let. We've completed a successful pilot with London & Country to fine tune our process and here's what they've had to say about it: "We've been delighted to help Principality with [...]

Accord Mortgages interest coverage ratio (ICR) is now 125% on 2 & 3 year fixed rate deals for ‘straight switch’ remortgaging landlords. On Wednesday, 31 January Accord are reducing their minimum rental cover requirements for ‘straight switch’ remortgaging landlords. This means there will be changes to all product codes on their current range – everything [...]

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: Virgin Money are red hot with buy to let personal finance; Principality are paying for recommending product transfers; Accord Mortgages cut their interest [...]

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

We are making some changes to our mortgage range. Download the summary of changes for new customers here Download the summary of changes for existing customers here Transitional arrangements You’ll be able to produce Mortgage Illustrations and submit applications online for existing deals up to 10:30pm on Monday  29 January 2018. The supporting [...]

Higher demand, more fixed rates and new products We're only 4 weeks into 2018 but the demand from first time buyers is already on the rise and more of our intermediaries are looking for the best first time buyer deals out there... We're here to tell you to look no further! We've just launched [...]

Take Five is a national awareness campaign that offers advice to help consumers prevent financial fraud. This includes email deception and phone-based scams, as well as online fraud - particularly where criminals impersonate trusted organisations. What can you do?

The launch of Buckinghamshire Building Society’s Broker Online system is an important step in their commitment to building a strong intermediary business and delivering an excellent service. Tim Vigeon Head of Lending  “After testing the system with a panel of brokers we have now opened it to all our intermediaries. We developed this system with [...]

In the know…Product transfers It’s quick and easy to transfer your client’s existing Santander mortgage using our online mortgage transfer service You will need your client’s permission to sign on using the following personal details: mortgage account number, date of birth, monthly mortgage payment and property postcode Your clients must have a residential or Buy [...]