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: HSBC provide new mortgage payment holidays update; Foundation Home Loans launch new residential rates; Monmouthshire Building Society re-enters residential 90% LTV market. [...]

Nationwide is the latest lender to reduce its maximum LTV for new business, but will continue to lend up to 95% LTV for existing mortgage members. From tomorrow, Nationwide will now lend up to a maximum LTV of 85% for house purchase, remortgages and lending to first-time buyers. Speaking to Financial Reporter, a Nationwide [...]

The Society expects the 90% mortgages to be very popular and therefore these could be withdrawn at short notice. Read more

Today we are rolling out our brand new service, DigitalMove Plus, which gives brokers access to the latest and best DigitalMove features and delivers an even better home moving and refinancing experience for everyone. Our first Plus feature is a market-leading remortgage solution, which is available now, only through DigitalMove. What is Rapid Remortgage? Rapid Remortgage enables [...]

Supporting the 90% LTV market On Friday 12 June we launched a limited tranche of funds at 90% LTV to support you and your clients. To give you certainty, and to help you manage your clients’ expectations we advised that these products would close tonight at 8pm. We can confirm the 90% LTV 5 [...]

The current climate may have made prospective first-time buyers think about leaving home, changing their current living situation and stepping onto the property ladder. To support this potential uplift in new residential business coming your way, I’m delighted to say that we’ve introduced our new shared ownership offering, which includes up to £1m accepted [...]

I just wanted to give you the heads-up on more great news from Precise Mortgages!     With effect from next Tuesday 16th June, Precise Mortgages will now be considering purchases as well as remortgages on our HMOs up to 6 beds and 6 unit MUBs.   I appreciate that there has been a [...]

From Tuesday 16th June 2020 NatWest will be introducing rate decreases of up to 30bps across their existing customer range. Mark Bullard, Head of Sales, said: “We’re delighted to be making further decreases to our existing customer range. I’m particularly pleased that we have been able to make these changes across a wide range [...]

Please be advised we are making changes across our Residential, Buy to Let and Reward ranges effective tomorrow, Tuesday 16th June, 2020 Key Changes Following the return of physical valuations, there are signs that activity within the purchase market is increasing.To further support the recovery, we are pleased to confirm the following product changes: [...]