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: Metro Bank launches 85% and 90% residential products; Nationwide outlines new 90% LTV range; Precise Mortgages launch their own limited edition ‘Summer Sizzler’ [...]

By Jeff Knight We have been making changes to our buy to let range recently. With so much activity in the market, we know it is tricky for you to stay up to date with all the latest. So, I thought I would provide a summary of recent changes: ICRs for limited company and basic rate [...]

Following on from the Chancellor's announcement, we wanted to get in touch with you about the changes to SDLT. We have updated your eConveyancer portal to reflect the SDLT changes in England - these will remain in place until the initiative end date of 31st March 2021. You can find further guidance on these changes, [...]

We will be updating our Residential and Buy to Let product guides on Wednesday, 15th July 2020. Please note that these updates will include the withdrawal of our Help to Buy 5 year rates. CURRENT RANGE SUBMISSION DEADLINES To submit a case on our current range, please note the submission deadlines [...]

On Wednesday 15th July NatWest Intermediary Solutions will be temporarily withdrawing all Residential products from the Exclusive range, to ensure we meet our Brokers’ expectations in relation to the service we provide to them and their Clients, together with the resource required to support our existing Customers with their payment holiday requests. Brokers will [...]

Nationwide Building Society has announced the products and rates across its new 90% LTV first-time buyer range which launches next week. Available from Monday 20th July, two-year fixed rates start from 2.49% with a £999 fee or 2.74% with no fee. Three and five-year fixes are available from 2.79% with a fee or 2.99% [...]

With many struggling to with higher house prices, shared ownership could provide the solution. Generally with lower deposits needed, shared ownership properties are commonly more accessible than standard mortgages, and more secure than private renting. But do you know which lenders to turn to for flexible criteria and support in this space? Well look [...]

Any applications submitted on or after the 26th July 2020 will be subject to the new procuration fee structure of 0.36%, no minimum or maximum For Acquisition, Additional Borrowing, Product Transfers and Porting

What to include in your clients self-build application... Self-build can be complex as it is, so having a fully packaged application can smooth the process and help us the lender, to process much more efficiently! Check out what you need to include in your clients application. Building Plans We want to see what the [...]

RE‑INTRODUCTION OF 85% AND 90% LTV RESIDENTIAL RANGES Following increased customer demand, we are pleased to announce the re‑introduction of our high LTV Residential Ranges, offering your customers 5 year fixed products for purchases and pound for pound re‑mortgages: 85% LTV 5 year fixed rate at 2.99% with £999 product fee 90% LTV 5 [...]