According to new research from Aldermore, almost three in 10 (29%) British workers, the equivalent of nine million people, plan to make the ambitious move to become self-employed in the future. Making the transition to self-employed can be a risky life decision, but the research shows that the ambition is paying off for those that [...]

Do you have an Accord customer with a mortgage maturing?  We’ve recently revamped our maturity mailing program because customers often need more than one reminder to look for a new product. So, customers with an Accord mortgage maturing will receive a series of letters and emails, to give them a heads up and get them [...]

From March, when we write to members 12 weeks before their current mortgage deal ends, we'll be including the option of contacting a broker for advice. This will make it clear to our members who used a broker when taking their current mortgage, that they have the opportunity again now. This follows last year's launch of giving all [...]

At Paragon, we're constantly reviewing the market and have introduced some important changes to our products and services. What's new? We have reintroduced our valuation fees and an application fee of £150 on all products Removal of the floating charge on all portfolio applications for limited companies, incorporated solely for the activity of holding and [...]

We’ve been focusing on BTL maturities and this week Godiva Mortgages has been awarded best in class in Mortgage Strategy’s first-ever lending survey focused on buy-to-let. The survey named us best for service, products, overall proposition, confidence in using us and BDM / corporate account support. Here’s what we’ve done to help you support [...]

We have launched new first time buyer exclusives and reducing selected tracker rates as well as increasing our rates and fees on selected fixed rates. NEW! First time buyer exclusives Homebuyer Solution Term Rate Fee LTV 2 yr fixed 1.94% £999 90% 5 yr fixed 2.04% £999 80% Residential (purchase and remo) Tracker rate reductions: Selected [...]

Our Buy to Let interest coverage ratio (ICR) applicable to both Standard and Specialist property types is being simplified, with some also being reduced. In addition, ICR calculations will no longer depend on the number of properties a customer owns. Instead, ICR will simply depend on whether the application is in a personal or limited [...]

We know that when it comes to mortgages, it’s not one size fits all. At Clydesdale Bank, we’ve a solid understanding of the challenges facing introducers who have clients with non-standard forms of income, or higher net worth clients, wishing to borrow larger mortgage amounts. That’s why we look to take a more flexible, individual [...]

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: Kent Reliance make improvements to buy to let affordability assessment; Coventry support you and your buy to let clients; Santander make changes to [...]