According to figures from the Intermediary Mortgage Lenders Association, investment in Buy-to-Let properties fell by 80 percent from £25bn in 2016 to £5bn in 2017.  With extra stamp duty and stricter regulatory and lender tests in place, this climate is creating a new breed of "buy-to-let mortgage prisoner"- individuals who were able to take out [...]

Please give full details of the deposit in Introducer Internet > New application > Loan required > Loan details. For gifted deposits: In Introducer Internet please detail the full name(s) of the person providing the gift, amount of gift, relationship to applicant, and any legal interest to remain (including second charge). For more information on what [...]

Are you wondering how retirement interest only (RIO) mortgages compare to standard interest only (IO) and lifetime mortgages? When considering your clients' needs, it's important to know that RIO is not a replacement for either standard IO or lifetime mortgages, but offers an alternative product solution for later life borrowers. Retirement Interest Only (RIO) mortgages [...]

If you’d like a quick indication of how much your customer could borrow on a Residential Mortgage, our new affordability calculator could be the solution. It’s simple and easy to use, and in just a few seconds you can get an indication of the maximum loan amount without having to complete a Decision in Principle [...]

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: Barclays make changes to residential and reward range; Enterprise help buy to let mortgage prisoners; Buckinghamshire raise maximum procuration fee; Paragon launch new 80% [...]