First Time Buyer transactions are increasing… First Time Buyer numbers have grown 15% year-on-year, with FTBs rapidly becoming the new ‘Special Customer’ – for life! Vida’s Director of Sales – Mortgages, Louisa Sedgwick, has suggested the increase in FTBs can be attributed to a number of contributing factors, including gifted deposits, the Bank of Mum [...]

We have 13 different packager exclusive products available for both Residential and Buy to Let products. The available products include the following criteria:- 90% LTV with communication Defaults within the last 12 months 85% LTV with DMP's 80% LTV 5 Yr Fixed - Best affordability in the UK 75% LTV Ex-Pat BTL including HMO's & Multi Units [...]

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

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?

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 [...]

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 [...]