Recently, we have made the decision to reduce the maximum mortgage age to 85, with there previously being no maximum. By doing so, we can save you a lot of time when processing new applications, as most new business cases agreed are within this age bracket. Specifying a maximum age will also help manage [...]
we've made the following changes to our product range: Homemover and first time buyer All 2 year fixed rate products at 80-85% loan to value are temporarily withdrawn. Further information Please click Find out more to access the Product Rate Guide which has been updated with the changes The product search tool, sourcing systems [...]
We would like to update you on some amendments to our LTVs and product range. We have made the following changes: IS767 – Reduce LTV to 65% IS769 – Reduce LTV to 65% IS771 – Reduce LTV to 65% IS773 – Reduce LTV to 65% IS785 – Reduce LTV to 65% IS788 – Remove [...]
We have re-launched our Mainstream mortgage range for New Business. Product Changes Temporary withdrawal of selected mainstream new business products. All other products remain unchanged. New Business Mainstream Temporary withdrawal of 3 year fixed rate products Temporary withdrawal of 2 year fixed rates with £0 and £299 fee Temporary withdrawal of 5 year fixed [...]
Is your customer considering incorporation? With the recent stamp duty holiday also including buy-to-let properties, now could be an ideal time to revisit landlords who, on the back of specialist tax advice, were previously considering moving their properties from personal name to limited company. Whilst they would still be liable for the 3% surcharge, [...]
We are making some changes to our criteria which go live as of Monday 17th August 2020. Hanley Economic has made a conscious effort to streamline and simplify some of our criteria, so whilst they may not be massive news worthy updates, hopefully our broker community and you as our business partners will find this [...]
We are working hard to make sure we understand our customers circumstances given the impacts of Covid-19. In this context we are putting in place some additional support to help underwrite self-employed customers. Please contact your BDM to discuss all self-employed cases prior to submission. This is necessary to help ensure you have a [...]
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: Natwest announce important update on self-employed process; Virgin Money make changes to self-employed mortgage documentation and announce product withdrawal; Foundation Homeloans launch residential [...]
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: Virgin Money provides notice of product withdrawal; Keystone Property Finance launches new "Summer Special" product range; Platform launch new product. [...]
On Friday 31 July 2020 we will re-launch our Mainstream and Buy to Let mortgage ranges for both New Business and Product Switching. Product Changes New product codes issued and end dates remain at end November. New Business Mainstream 2 year and 5 year fixed products with £999 product fee 60% to [...]
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