Nationwide is extending its 85 per cent LTV lending through brokers and its online channel. The LTV extension covers all new lending business. Previously the building society had withdrawn new customer lending above 75 per cent LTV so it could focus on its existing members and applications. Due to the government’s lockdown measures to [...]
Product Launch Criteria Change Service Update Summary of new deals From 8am on Friday 17 April, our Core range will be extended to include the following products available for properties valued between £80,000 - £500,000: · NEW 75% LTV 2, 3 and 5 year fixed rates for residential remortgage · NEW 65% LTV for [...]
Product Launch Criteria Change Service Update New purchase product range We are now able to offer residential purchase products up to 65% LTV, have extended the maximum LTV for residential remortgages up to 75%, and can offer BTL up to 60% LTV for both purchase and remortgage. New products In the coming days we [...]
TSB have today increased their stress test for Buy to Let customers who are taking 5 year (or higher) fixed rate products on either Purchases or Remortgages (as long as there is no additional borrowing) from 4.5% to 5.0%.
Skipton for intermediaries already provide a 9 month offer with a 3 month extension on New Build cases, and a 6 month offer with a 6 month extension on purchase and remortgage cases. They have said that they will now consider another three month extension to those stated above, subject to a reassessment of the [...]
Principality Building Society will automatically extend any Residential or Buy to Let Mortgage Offers for 3 months in line with the regulation. When you receive a new completion date, you need to contact them and they will review the file.
The Melton Building Society have announced that they are launching a new Desktop Valuation service with effect from Friday 17th April for both Residential and Buy to Let. They tell us that all products above 60% LTV prior to being withdrawn at the end of March will now be reinstated up to 90% LTV, [...]
As we continue to adapt to the impact coronavirus is having on our everyday lives, we want to reassure you that we’re still here for you and your clients during this time. We’ve made some changes to the way that we work and to our mortgage range and will continue to review these over [...]
GREAT NEWS. After an intense period of negotiation with all of our funding partners, we are now in a position to start undertaking semi-automated (desktop) valuations on some of our products with immediate effect. You can read a full breakdown here of where we are with each of our funders and FULL details of the [...]
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: VitalityLife announce COVID-19 premium reduction; Holloway Friendly add three month 'premium holiday'; AIG announce virtual medical screening is now live; Royal London make [...]
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