Full Product Range Withdrawal In advance of something particularly spectacular happening on Tuesday 11th January we will be withdrawing ALL our current products at 6.30pm on Monday 10th January. DON'T PANIC! - Transition arrangements Decisions in Principle must be submitted, with product selected, by 6.30pm on Monday 10th January For any new DIPs, or cases [...]

Changes to our product range On Monday 10 January, we’re making the following changes to our product range: First time buyer and homemover products including Green products and excluding Large Loans £1,499 fee products will be withdrawn. Further Information Please click Find Out More to access the Product Rate Guide which has been updated [...]

Effective 7th January we are making the following changes to our New and Existing customer product ranges: New Business New Products First Time Buyer: 4 new products, covering 85% and 90% LTVs, across 2 and 5 year deals Rate Changes Purchase: Rate decreases of up to 10bps and 12bps on selected 2 and 5 [...]

We've started the new year with a bang, launching a product refresh featuring rate reductions up to 0.29%! Our Green range has been simplified, offering the same discounted rates for EPC A,B and C rated properties — new builds are now accepted! Product highlights Standard 5 Year 75% LTV @ 3.04% with free valuation options Green Standard 5 Year 75% [...]

Following the decision by the Monetary Policy Committee on 16 December 2021 to increase the Bank of England Base Rate to 0.25%, we’re making some changes. On 6 January 2022, we will increase our Standard Variable Rate to 4.49% and our Buy to Let Variable Rate to 4.69%. What happens with existing customers Customers [...]

We recently discovered that while our RL1 product allowed some missed payments, or unsecured credit events in the profile, 55% of our applicants on that product didn’t have any at all. These findings are in addition to our research that we conducted earlier in the year finding that the impact of the pandemic on earnings [...]

In line with the Bank Base Rate increase on 16th December, the Society's Mortgage Variable Rate will increase by 0.15% for new customers on Thursday 6th January.  The MVR from this date will be 5.29%. The initial pay rate for any variable products currently linked to the MVR will therefore increase by 0.15% from [...]

Recent years have seen product transfers take on a much more significant role within the UK mortgage market. There are all sorts of different factors behind this, from lenders recognising the value of retaining existing customers to the welcome introduction of proc fees for brokers when dealing with product transfer cases. Some industry figures [...]

The question of whether to borrow through a limited company structure is one which all landlords have faced and continue to face. Considerations must be taken over the landlord’s number of properties, future plans, financial circumstances and exit strategies. Elements which also point to the importance of a good, professional mortgage advice process, as [...]

The Christmas break is almost upon us and people are busily completing those final deals before the festive holiday. Do you have a complex deal on your desk which you really need to complete? Crystal Specialist Finance recently helped a client find much needed auction finance in just 24 hours with their multi-award winning [...]