As part of their Fresh Criteria, Pepper Money has launched a better deal for the growing population of contract workers, with the introduction of day rate calculations to assess affordability. Between 2008 and 2017, the number of solo self-employed increased by 34%, according to IPSE, an association of independent professionals and the self-employed. Much of [...]

Please see product updates below. Closing products 8pm Monday 25th June 2018 Residential and offset Up to 65% LTV (no change) Over 65% LTV (no change) Buy to let Up to 65% LTV Over 65% LTV Opening [...]

Crystal Specialist Finance (CSF) and Amicus have secured deals totalling over £9.1m to ensure the successful purchase and development of a largescale residential project for an established property developer. Initially a £3m bridge was agreed to ensure a successful acquisition of the Grade II listed building, despite a pending planning application decision which was ultimately [...]

To use overtime as primary income (100%), amounts must be regular and consistent and not a short-term trend. We’ll use the lowest monthly payment from the last three months’ payslips x 12* If there is a significant difference in the amounts shown on the payslips and the year to date figure, please give an [...]

We have updated a number of rates from our range of residential mortgage products. We’ve made reductions across our first-time buyer range; Higher LTV bands for remortgage and purchase rates will see small decreases; Lower LTV bands for remortgage and purchase rates will see small increases. You can see our new rate table with all [...]

First Time Buyer, Older Borrowers  & Buy to Let We've made some changes to our product portfolios effective this week and live on sourcing and our website. Residential  Extended end dates for First Time Buyers 95% LTV rates from 2.89% 2 and 3 year fixed rates available Older Borrowers  Extended end dates for Older [...]

What’s Changing? The following residential products are being withdrawn from sale today: 2 year fixed to 75% LTV (Fee Offer) – 1.79% 2 year fixed to 80% LTV (Fee Offer) – 1.89% Product Transfers Remember, these changes also apply to any Product Transfer applications you would like to submit via our online form. Existing [...]

The quest by landlords for increased profitability within their portfolios is not going away; in fact as a series of regulatory and political measures have hit the ability of those properties to make a profit, it’s not surprising that professional landlords in particular are seeking more bang for their buck. That has led to far [...]

Are you looking for ways to generate more business? The obvious, simple solution may be right in front of you… Many of your clients may need to raise additional funds but are locked into: Interest-only mortgages Mortgages with high ERCs Low interest rate mortgages which they would likely have to forfeit for higher rates if [...]

Leek United has doubled the offer period on its mortgages from three months to six months*. The increase – which came into effect this month (June) – gives homebuyers the reassurance of additional time to get their purchases ‘over the line’. Clare Beardmore, the Society’s Head of Mortgage Sales, said: “We listen carefully to all [...]