Accord recently launched their new Mortgage Sales and Origination (MSO) system for residential applications. The good news is MSO makes it quicker and easier for brokers to submit new cases. It cuts out a lot of those boring repetitive tasks like having to type the same information over and over again. It has a [...]
We have made changes to J1, J2 and J3 as follows: Removing the two age bands for J1 (55-69 and 70+) Increasing J1 by 0.25% (based on current interest rates for age band 70+) Reducing J2 by 0.10% Reducing J3 by 0.09% Please see details below: New J1 interest rates as follows (WITHOUT CASH [...]
Clients looking to build their own home, renovate, convert or extend? Lay the foundations for a successful project with a self build mortgage with the Ipswich. We’re self build experts with years of experience in making dreams become reality – so whether your client is converting an old lighthouse, renovating a gothic cinema into [...]
Ltd Co., HMOs, Mixed Portfolios, Expat Landlords… All made Crystal Clear! Crystal’s dedicated Buy-to-Let team are on hand to help you and your landlord clients with complex BTL cases. We can help with HMOs, multi-lets, student lets, large blocks and mixed portfolios. Our extensive lender panel will also consider anything unusual. Whatever the scenario, [...]
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. [...]
Welcome to this week's Protection 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: The Exeter prove why income protection isn’t just for long-term illnesses; Royal London demonstrate why support services can be more valuable than a [...]
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