Please see below for a reminder of the actions to take If you have a KYC requirement to provide copies of ID&V to support an application. Following these steps and providing all requirements upon case submission, including a fully completed KYC attestation, will speed the time taken to receive your client mortgage offers. If you're not currently [...]
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: TSB introduce new 95 percent LTV product; Buckinghamshire extend 95 percent LTV product range across England and Wales; Teachers announce 90 percent LTV [...]
This is in addition to their recently launched five-year fixed mortgage which marked their return to the 95 per cent LTV space. The mortgage will be available exclusively through intermediaries and eligible to first-time buyers, home movers and the self-employed. It has a rate of 3.99% with loan sizes between £150,000 and £500,000. Customers [...]
Coventry for intermediaries is re-entering the 95% LTV market with two 5-year Fixed products aimed at people buying homes with smaller deposits. The 95% LTV products are priced competitively and, with a maximum loan size of £400,000, they should appeal to a significant part of the purchase market looking for higher LTV products as [...]
TSB has introduced some new 2 year fixed remortgage products and made various rate changes to Residential products. New products: 2 Year Fixed Remortgage 60-75% LTV with £1,495 fee 2 Year Fixed Remortgage 85-90% LTV with £995 fee Residential product end dates moved out to the end of August and rates have been changed [...]
We’re pleased to confirm we've made competitive rate reductions to a selection of 2 year fixed rate products within our existing residential purchase, remortgage and reward ranges. Residential purchase and remortgage rate reductions: Reduced - 1.50% 2 Year Fixed, £999 fee, 75% LTV - reducing to 1.38% Reduced - 2.04% 2 Year Fixed, £999 [...]
We've reduced selected 2 and 5 year Shared Equity fixed rates by up to 0.35%. Plus, we're reducing 2 and 5 year House Purchase and First Time Buyer fixed rates by up to 0.10%. For further details click here, or for our latest product guide click here.
With tax relief on mortgage interest being phased out gradually since April 2017, landlords have had to change the way they declare their income. The good news is that whilst some lenders choose not to accept rental income, Family Building Society will continue to accept it. However, they are reviewing their policy on the [...]
We've made the following changes to our product range: Remortgage (REM) Selected rate increases of up to 0.17% and rate reductions of up to 0.04% across 2 and 5 year fixed rate REM products. Further information Please click Find out more to access the Product Rate Guide which has been updated with the changes; [...]
Group Distribution Director Roger explains why from 1 April, it’s not just new tenancies that landlords need to be thinking about when it comes to obtaining a valid Electrical Installation Condition Report (EICR). Read the article on our website here.
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