Our Joint Borrower, Sole Proprietor mortgage is available up to 90% LTV, giving greater choice to your customers who, like many first-time buyers, may find it difficult to raise a deposit or secure a mortgage based on their income alone. JBSP Highlights Up to four applicants on the mortgage, with a minimum of one applicant [...]
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: Vitality cover why serious illness cover is even better for your clients; Paymentshield announce Christmas rooftop runner competition; Cirencester Friendly talk about income [...]
I'm pleased to let you know about the changes we've made to our residential mortgage range effective from today, Tuesday 1 December 2020. Following last month's successful 90% LTV trial, we've now reintroduced this product back into market. High LTV - 90% purchase and remortgage (£999 product fee)* 2 year fixed rate at 5.18% [...]
‘Hinckley & Rugby Building Society are keen to update you on some exciting developments over the last few weeks! Changes to our broker portal We have spent time enhancing the broker portal for improved case tracking and will shortly be able to upload mortgage offers to the portal, making the process more streamlined and [...]
We recognise that many people are facing financial difficulties right now and we will do all we can to help our Members that need it, which is why we've pledged not to repossess homes until 30th June 2021. We're calling on our Members who are struggling to pay their mortgage to work closely with us [...]
Removal of all 2-year fixed products from new business Variable rate product changes: The CPI has decreased to 0.5% and the new rates on new business Variable lifetime mortgages will be: Variable Lite Interest Roll up with Voluntary Payment: 2.80% MER Variable Lite Interest Payment: 2.80% MER Variable Standard Interest Roll up with Voluntary [...]
We wanted to let you know that we’ve made some changes to the following mortgages. Core Selected 90% and 95% LTV product transfer rates will be increased by up to 0.40% If you’re applying for one of these mortgages on behalf of your customer, please send us the application as soon as possible. You [...]
Coventry for intermediaries is simplifying their portfolio landlord lending policy. They have reduced the stress rate from 5.5% to 5% for all portfolio calculations, and have also increased the minimum portfolio landlord Interest Coverage Ratio (ICR) from 125% to 145% for Higher/Additional rate tax payers (anyone earning £49,000 or more in England and Wales [...]
Foundation Home Loans is pleased to announce an exciting new remortgage range for both buy-to-let and owner-occupied mortgages, designed to support you in building a caseload of remortgage business that is unaffected by the stamp duty deadline. The Fee Assisted Buy-to-Let Re-mortgage Range A range of 2- and 5-year fixed rate re-mortgage specials at [...]
For your larger loan size cases, why not try our new flat fee fixed rate buy to let mortgages? Personal Ownership 3.59% 5 year fixed with £3,995 fee Affordability assessed at pay rate Loans from £300k - £750k Maximum 75% LTV HMO/Limited Company HMO 3.39% 2 year fixed with £2,995 fee 3.69% 5 year [...]
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