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 [...]
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: A personal and supportive claims experience from Royal London; On-demand webinars from Paymentshield; Aegon are lifting restrictions for protection business; Latest OLPC upgrades [...]
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: [...]
We are pleased to announce the launch of new Buy to Let (HMO/Multi Unit Block) packager exclusives with Foundation Homeloans. The products are available up to 75% Loan to Value with No Early Repayment Charges from day 1. Property types considered include, up to 8 bed HMO's and up to 10 units on 1 freehold title. [...]
On 14th June 2020 we will be introducing new functionality that will make it much more straightforward for you to change your customer’s cover in OLPC. This change will apply to Life Insurance and Life Insurance with Critical Illness at both the quote and decision stages in the application journey.* How will this help at [...]
Foundation Home Loans, the home of specialist lending, has announced new residential rates and increased loan to values on their existing range as of Thursday 18th June. Here are the details: Re-introduction of 5 year fixed products across all credit tiers The extension of LTV for F1 products to 80% ERC free discount rates [...]
Supporting you and your mortgage customers with payment holidays Following revised guidance from the FCA, we want to make sure that you and your customers remain fully informed around payment holidays, now also referred to as ‘payment deferrals’. Although no monthly payments will be due during the customer’s payment holiday, interest will continue to [...]
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