Back in November, the Chancellor Rishi Sunak further extended the furlough scheme to provide additional support for a variety of businesses and individuals. While this remains a largely positive and vital solution, it has also introduced an extra layer of complexity within the mortgage lending community. This is obviously something lenders and intermediaries have [...]

At Zephyr, we regularly share the thoughts and views of our BTL experts, to bring useful insights for you and your clients. Read the latest report from The DPS about how rent for larger properties continues to rise at a faster rate during the last quarter of 2020, as tenants seek more space as [...]

We’ve made improvements to our new business and product transfer mortgage ranges. New 90% LTV products available exclusively for first time buyers. Employed applicants only; self-employed applications continue to be temporarily restricted to 60% LTV; Selected residential fixed rates reducing up to 0.05%, and new 60% LTV 2 year tracker; New Help to Buy [...]

Here's a recap of our residential mortgage products to see how we can provide specialist lending solutions to your self-employed customers. Up to 75% LTV for purchase and remortgage; Available in England, Wales and Scotland; We’ll consider applications with only 1 year’s accounts or Tax Calculation; Available for customers with less than perfect credit profiles: [...]

I'm pleased to let you know about the changes we've made to our buy to let mortgage range. Launch of 2 year fixed products to 75% LTV - purchase and remortgage (1.50% product fee)* Single residential investment properties 2 year fixed rate at 3.38% for individual & company landlords; Multi property applications for single [...]

Accord Mortgages is reverting its loan-to-income (LTI) cap to five times for those on an income of £60,000 and above. In October 2020, LTI caps were standardised to 4.49 for all incomes to manage service levels. However, Accord’s recent headcount increase has improved capacity and this measure is no longer needed. As of Wednesday [...]

Metro Bank has announced rate reductions of 0.4% on its 90% LTV five-year fixed rate mortgages. Purchase rates are now available at 3.59%, with remortgage rates starting from 3.64%. Additionally, Metro Bank has partnered with Brilliant Solutions, opening up access to a wider range of mortgage brokers. Charles Morley, director of mortgage distribution at [...]

The Completion section of our Application Dashboard is live meaning you can now track progress online on all applications through the full journey from new application to mortgage completion.Select the Completion section of the Dashboard to show live updates on whether the conveyancer has requested funds, the planned date of completion and confirmation of the [...]

It's time for our third and penultimate weekly update, with our new Expat lending criteria. We have made the following changes to our Expat criteria: We will now accept a non-UK national as a second applicant if the first applicant is a UK passport holder and meets all the Society's criteria alone; For Expat [...]

We've increased the maximum loan term at 90% LTV back to 40 years. This change applies to all cases that receive their first DIP on or after Thursday 21 January. Please remember that for lending over 85% LTV, our enhanced criteria still applies. Have you noticed our improved timescales? On average, it currently takes 15 working days [...]