Following our relaunch back into the intermediary market in August, we have received an overwhelming response from our intermediary partners and are receiving unprecedented application volumes. As a result, we are temporarily withdrawing a selection of products to protect service levels for intermediaries who have already submitted cases to us. Please see the below [...]
We know how hard you work to get people moving up the property ladder. With so many policy, regulation and market changes, it’s not an easy job. We’d love to know what’s on your mind right now. If you can spare a few minutes for some feedback, we promise to listen and discuss the [...]
In the fast-moving environment in which we are all operating and with more lenders criteria being restricted during the coronavirus crisis, we have seen a strong appetite for our products. To help us process your customers applications as quickly as possible, please ensure all items on the document checklist are correctly uploaded to Bluelink. [...]
Following lockdown, the housing market has experienced a significant rise in activity levels, with many lenders receiving high volumes of applications and requests. This is having a knock-on effect to lender service levels as they continue to work through operational challenges brought by the pandemic. Mortgage Brain has launched a lender service report, available [...]
To ensure you continue to comply with our policy that the most recent Tax Calculations and corresponding Tax Year Overviews are no more than 18 months old, please note that for all applications fully submitted from 6 October 2020 the latest Tax Calculations and Tax Year Overviews must be for tax year 2019/2020. There's [...]
Interest Rate change The Lifetime Mortgage Drawdown+ rates will be decreasing as of 8th October, please see the attached rate table for information. Lending Policy Changes for Lump Sum+ and Drawdown+ From Thursday 8th October, the following changes will go into effect: Acceptable timber frame to change from post-1960 to post-1970 Ground rent must [...]
In Conversation with Charlie Morley, Director of Mortgage Distribution In this session, hosted by Danny Belton, Head of Lender Relationships, we discuss what life is like at a Challenger Bank, and what the future holds. Having faced some well documented challenges, and then dealing with the impact of Covid19, Metro Bank have had a lot [...]
We’re pleased to announce that we’ve made the following changes to our Short Term Lending proposition as of today. We are cascaded this information to all to ensure we keep you up to speed with changes happening our proposition. Scheme 50% LTV 60% LTV 65% LTV Facility Fee Standard Regulated 0.49% 0.59% 0.64% 2.00% [...]
Vida Flex is a great option for all BTL Landlords. Whether they're first-timers, or professional landlords, Flex gives investment flexibility to landlords – they can sell or refinance after 3 years without charge, rather than wait 5 years. It has the added convenience of being able to stay with the same lender for the [...]
We communicated the withdrawal of one of our 85% LTV products. This action was taken to assist us in effectively managing our application flow, so we can maintain our service levels for you and your clients, following a number of recent pricing changes within the market. We remain at 4 working days for our [...]
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The Right Mortgage & Protection Network Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: 70 St. Johns Close, Knowle, Solihull, England, B93 0NH. Registered in England and Wales. Registered Number: 08130498. FCA Number: 649443.
