Aldermore has launched a new range of remortgage only products up to 90% LTV on its Residential Range with no valuation, legal, application or product fees^, ideal for clients who may want to move from their current lenders standard variable rate or capital raise for property purposes. Charles McDowell, Commercial Director, Mortgages at Aldermore comments: [...]

Help to Buy remortgages As of the 1st April the Help to Buy: Equity Loan Scheme (England) (HTB) will have been available for 5 years. Designed to help buyers get on or move up the property ladder, and often making the property more affordable, the scheme requires customers contribute a minimum 5% deposit, whilst [...]

We are pleased to announce the launch of a new Limited Company Buy to Let 5 year fixed rate packager Exclusive with Precise Mortgages. The product is 0.10% cheaper than the standard product and is available for both remortgages and purchases. The product has a pay rate assessment of 3.59%. To obtain a lender DIP click [...]

What’s Changing? We’ve had a great reception to our residential 5 year fixed rate at 1.89% available to 75% LTV but the time has come to withdraw the product from sale. This withdrawal applies to the product available for loan sizes below £500k (with an arrangement fee of £1,499) and between £500k - £1m (with [...]

More and more customers are looking for longer-term fixed products to benefit from low interest rates and the security of fixed monthly payments. With the potential of an increase in the Bank of England base rate in the near future, now could be a great time to look at longer-term fixed rates for your clients. [...]

Did you know? We allow downsizing as a repayment vehicle? Steve Robinson, Head of Lending at the Marsden said, "We're seeing a growing demand for Older Borrowers in retirement who are looking to downsize in the future to pay off their mortgage" Downsizing as a repayment vehicle gives borrowers options: they can stay in their [...]

On Wednesday 30 May 2018 launched 4 new Key Account exclusive remortgage products* for a limited time only. NEW! Key Account exclusives (remortgage only)* 60% LTV 2 year fixed rate 1.44% with £1249 product fee. 60% LTV 2 year fixed rate 1.89% with £0 product fee. 60% LTV 5 year fixed rate 1.89% with £1499 [...]

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: Clydesdale Bank announce product changes; Santander launch key account exclusive remortgage products; Virgin Money launch longer fixed rates. [...]