6 reasons to use Foundation for contractors No minimum income requirement for any type of Contractor, regardless of industry For Day Rate Contractors, income calculated at day rate x 5 x 46 For the Construction Industry (CIS) specifically, contractors can be viewed as PAYE, and average gross pay from the last 3 months payslips [...]

Further to our announcement on 2nd February 2021 confirming the sale of a portfolio of owner occupied residential mortgages (the portfolio) to NatWest, we want to let you know that we will be transferring the portfolio on 19th November 2021. What does this mean for our customers? We have sent a letter to all [...]

This month, as part of our In Focus updates, we’ve been sharing examples of real-life cases of applicants who have had approved mortgages from our range of Medical Professionals products. Today, we would like to share with you a special video, featuring our Business Development Manager, Georgina England, telling you about the range and how it could benefit [...]

Do your clients have a dream of home improvements? With Bank of England interest rates expected to rise, now is the perfect opportunity to improve the space we live in making it enjoyable for all the family and investing in the future. Did you know? Despite a third of all homeowners recognising that a [...]

Halifax have announced changes to a couple of  their first time buy and homemover products. Products effected include the new New Build and Affordable Houseing, Shared Equity/Shared Ownership including equivalent Green Home Products. The rate reductions of up to 0.25% on select 2 and 5 years 80-85%, 85-90% and 90-95% loan to value products. [...]

Bluestone have announced some significant policy enhancements across their entire product range providing further support those looking to make homeownership a drea, a reality. A couple of their major enhancements include: Mortgage office validity period increased from 3 months to 4 months 1 month bank statements now required for employed applicants. The changes come [...]

Newbury Building Society have announced a variety of special rates for intermediaries. Firstly the building society have announced they will be extending their Buy to Let lending area to cover both England Wales. Secondly, Newbury Building Society will now be lending on HMO's (Housing of Multiple Occupancy).  Full details can be found on their [...]

Virgin Money on Tuesday the 16th November announced they were making some changes to a couple of their mortgages. The mortgages that have been effected by the increase include: Purchase Exclusive  80% LTV 2 Year Fixed Rate with £995 fee will be increased to 1.63% 75% LTV 5 Year Fixed Rate with £995 fee [...]

Sometimes borrowers have complex needs, they haven't bought their castle yet and because of this  Teachers for Intermediaries are prepared to offer a variety of lending solutions for buyers of unusual properties. These properties include: Country retreats with paddock, stables, grounds, woodland or holiday cottages Conversion of two separate dwellings into single home (on [...]

TSB has increased maximum LTV for new build Residential and Buy to Let products from 16 November. Maximum LTV for new build flats and maisonettes is now aligned to maximum LTV for new build houses and bungalows at 85% LTV.  Maximum LTV on new build second homes, new build holiday homes and new build [...]