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: Royal London launch an alternative to trusts; LV= extends support for vulnerable customers; Vitality helps you build a plan in three simple steps. [...]
Coronavirus continues to have an impact on many people’s income, and with the furlough scheme now extended until March 2021, Coventry for intermediaries has recently clarified their income policy. They have also stressed how important it is that no one proceeds with a mortgage that’s unaffordable. Therefore brokers are reminded that they are obliged [...]
We have re-launched our Mainstream and Buy to Let mortgage ranges for both New Business and Product Switching. Criteria Changes We are reducing the LTV at which our maximum income multiplier of 4.85 can be considered from 80% to 75% LTV. We have updated our lending criteria and affordability calculators to reflect this change [...]
TSB is re-introducing 2 year fixed, 60-85% LTV Residential First Time Buyer, House Purchase and Remortgage products. You’ll find the new product guide here. Please contact your National Account Manager if you have any questions.
To support your existing Barclays mortgage clients who want the flexibility of letting their home via sharing platforms such as Airbnb, we’re pleased to announce that we will allow Barclays residential mortgage customers to let out either their whole property or part of the property (e.g. a room or annexe), via approved short term [...]
A reminder of products to be withdrawn are as follows Residential product withdrawals 1.99% 2 Year Fixed rate at 70% LTV All 85% LTV products - except for HERO’s range this will remain available up to 85% LTV Buy to let product withdrawals All 2yr fix products
There is just one day left to give your feedback and be in with the chance to win a £50 Amazon voucher... Take the survey here. Closing date: 5pm on Friday 13th November Small print One entry per email address; Competition is for intermediaries only; Closing date is Friday 13th October 2020; Entrants must be [...]
The landscape has been rocky for property investors for the last three years: no sooner did rental income tax relief taper away than the property market tripped over the Brexit vote, only to pick itself up to the unprecedented instability of a global pandemic. However, these tenacious landlords, and portfolio landlords particularly, have persevered [...]
Did you know our team can release capital from your clients’ property in as little as 7 days? This means that your clients could consolidate their debts BEFORE Christmas has even begun all with rates that rival some first charges, starting from 3.37%. Alongside paying off credit cards and consolidating debts, a secured or [...]
We've reduced our 2 and 5 year fixed rate Limited Company products at 75% LTV by up to 0.25%. Click here to see our new business product guide. Limited Company product highlights 2 year fixed at 3.19% up to 75% LTV Purchase and remortgage £1,995 arrangement fee Free valuation ERCs apply [...]
© Copyright The Right Mortgage | All rights reserved. | The content of this website is intended solely for the use of financial advisers. | How to make complaint? | Our Policies
The Right Mortgage & Protection Network Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: 70 St. Johns Close, Knowle, Solihull, England, B93 0NH. Registered in England and Wales. Registered Number: 08130498.
