Yesterday the Government announced that the temporary Stamp Duty £500,000 nil rate band exemption in England and Northern Ireland will be extended until 30 June 2021. This will be followed by a further tapering of a £250,000 nil rate band through to 30 September 2021. Further to this, we want to let you know how [...]
A recent study by Haysto1 found that 22% of the 2,012 people they surveyed blame bad credit history as the main reason why they are unable to get a mortgage. Furthermore, 70% of the sample are unwilling to even apply for a mortgage because they think their poor credit rating will prevent them being [...]
The bank came back into the 90 per cent LTV space in December with a five-year fix before adding more options this year. The two, five, seven and ten-year fixes are no longer restricted to first-time buyers and the maximum property value Virgin will lend on has increased to £500,000. Additionally, maximum mortgage terms at this tier have been extended [...]
The role of a specialist lender is frequently said to help clients who’ve experienced a significant life event that has left a blemish on their finances. Well, there are few bigger life events than a global pandemic and so, in 2021 and beyond, we expect specialist lenders to step up to become the most [...]
Teachers for Intermediaries (TFI) has announced it will now include up to 75% (previously 60%) of bonus payments within mortgage affordability calculations. The move is designed to aid high earning financial services borrowers for whom a large percentage of their remuneration package comes from an annual bonus. TFI bonus acceptance criteria Annual or quarterly [...]
Did you know we've reduced rates and fees across our buy to let range which includes products specifically designed for HMO landlords? Accepting up to six bedrooms and multi-units, see if our buy to let criteria could be perfect for your next HMO case. Properties with up to six bedrooms/units; Purchase and remortgage; Limited company and portfolio landlords; [...]
We are pleased to announce the return of 80% LTV for Vida 1 BTL 2 year fixed - 3.94% 5 year fixed - 4.44% 1.5% product fee Available for single dwellings only (2 year ERC 4%, 3%. 5 year ERC 5%, 4%, 3%, 3%, 3%) COMBINED WITH OUR EXTENSIVE BREADTH OF CRITERIA Minimum loan [...]
As a mortgage adviser, you are required to show that you have reviewed all the options for your client. The Right Loan can help you do this, and if a secured loan is the suitable option, simply refer your client to us and we will take care of the rest. Here's a quick recap of what we can offer: Rates [...]
Did you know we lend up to the age of 90 on all of our standard residential mortgage products? This means for new mortgage applications the term may run until the borrower’s 90th birthday! Discover how else we help retired borrowers feel at home HERE. Don't forget: New instant chat service now available; No [...]
Here’s a full list the changes with product codes in brackets: New Business Core Range Residential Rate Changes 2 year fixed rate purchase [FO25624] 60% LTV, decreasing by 7bps from 1.25% to 1.18%, product fee £995 [FO25625] 80% LTV, decreasing by 5bps from 2.03% to 1.98%, product fee £995 [FO25627] 85% LTV, decreasing by [...]
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