Pepper Money’s research shows that adverse credit is more common than you might think – 15% of a representative sample of adults have experienced adverse credit in the last 3 years. And 16% of this group are planning to buy a property in the next 12 months. When applied to the UK adult population [...]
Virgin Money are a lender who works hard for their intermediary partners. So they’re pleased to announce they have reduced their buy-to-let stress rates. What’s changed…? The interest rate stress on 5+ year fixed products has been reduced to 4.50%, from 5.00%. The required rental cover remains at 145%. Virgin Money apply a different [...]
We've launched two residential joint borrower sole proprietor (JBSP) products. Our joint borrower sole proprietor residential product allows parents, step-parents and grandparents to join their child or grandchild on their mortgage by including their income in our affordability assessment – without needing to be on the title deeds and jointly owning the property. Please [...]
We don't believe a credit blip should stop your customer getting the residential mortgage they want. What's more your customer can now take advantage of our Autumn Specials range even if they have: Up to 3 CCJs in 24 months; Up to 5 defaults in 24 months; Up to 3 missed mortgage/secured loan payments [...]
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: TSB make changes to residential products; Santander's online mortgage transfer service; Principality launch joint borrower sole proprietor residential products. [...]
Clients aged 50 and over looking to remortgage, renovate, move home or gift a deposit to children or grandchildren? A later life mortgage from Ipswich Building Society may be the ideal solution. We have a dedicated range of later life mortgages specifically designed for borrowers over the age of 50, plus we have no [...]
Don't settle for less... There's no type of lifetime mortgage client who cannot be helped by our range of lifetime mortgages. From the lowest MER on the market (which fell below 3% for the first time in August 2019!) to our highest LTV ever of 56% (even for healthy clients), and medically enhanced LTVs to features for added [...]
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