Traditionally, a customer missing a mortgage payment is a sign of financial distress. However, when the Mortgage payment holiday scheme was announced by the government last March, it was taken up by more than 1.8 million. Previous track record in employment and managing finances is usually a good indicator of future ability to pay [...]
Great news! We have reduced our 90% LTV Core and 85% LTV Part & Part 5 year fixed residential rates by 20bps, with rates now starting from 3.39% and 3.59% respectively. Things to note Purchase or pound for pound re-mortgage only Available on flats & houses; maximum property value of £600,000 All loans are [...]
Have you seen our mortgage application checklist? It shows every document you need to submit with your residential and buy to let cases. You can download it here. It gives you the confidence that you’re submitting the correct paperwork with a case, helping to speed up the process while making sure you get your [...]
Today we are delighted to announce another major funding partnership to kick off the new year at LendInvest. We have received a new £500 million investment from J.P. Morgan to finance our Buy-to-Let product, further expanding our capacity to lend in the BTL market. This funding is another example of the growing appetite from [...]
We have re-entered the high LTV market with 2 new 90% LTV products. See our outlined product details below and download our rate guide for a closer look. RESIDENTIAL - Fixed 2 year fixed rate at 3.75% until 30.06.2023. 90% LTV, max loan £500k, completion fee £800 and £199 application fee. RESIDENTIAL - Discount 2 year [...]
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: Skipton launch two new 90% LTV products; Precise Mortgages launch new range of buy to let products; Barclays make changes to mortgage lending [...]
Do your clients have a mortgage application that is taking longer than usual to approve and could be at risk of not completing before the Stamp Duty holiday ends on the 31st March? A short term loan could allow your clients to purchase the property they want, without the stamp duty tax. Download our [...]
Virgin Money is reducing rates on its high LTV core residential range and has released exclusive rate reductions. Virgin Money’s 90% LTV first-time buyer fixed rates will be reduced by up to 0.20% and a series of 85% LTV products, both 2 and 5-year, have seen rate reductions. Key highlights include reducing their 85% [...]
Buy-to-Lets don’t need to be complicated, and with the country currently living through another lockdown, the simpler and swifter we can make your and your clients’ deals, the better. In the past year we’ve made strides to continue digitising the process to make completing deals in a socially distanced way easy, and those efforts helped [...]
First time landlords looking for a BLT lender? Look no further. We welcome business from first time landlords for Standard product applications. With our competitive and broad range of products and criteria, you can be sure to find something for your first-time landlord clients. Here’s a snapshot of our requirements: At least one applicant [...]
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