Foundation Home Loans, the intermediary-only specialist lender, has today announced a number of key criteria changes to its specialist residential range. Following feedback from adviser, distributor and packager partners, and aligning with Foundation’s strategic goal of increasing its residential market share, the lender said it was targeting its criteria to support cases which advisers [...]
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: Santander increases 85% LTV rates and cuts other; Platform reintroduces Help to Buy range and reduces fixed rate mortgages; Metro Bank opens 77th [...]
Today we are rolling out our brand new service, DigitalMove Plus, which gives brokers access to the latest and best DigitalMove features and delivers an even better home moving and refinancing experience for everyone. Our first Plus feature is a market-leading remortgage solution, which is available now, only through DigitalMove. What is Rapid Remortgage? Rapid Remortgage [...]
Why Mailock should be your first choice for secure email. Beyond Encryptions secure email solution, Mailock, continues to be popular with The Right Mortgage Network members, and across the Financial Services sector, as it establishes itself as the default solution for the industry. The joint initiative between Beyond Encryption and Fintech Origo services, to [...]
Metro Bank, Monday 22nd opened its 77th store in the heart of Sheffield city centre on Fargate. Metro Bank offers customers and businesses the choice to bank however, whenever and wherever they choose. Whether that’s face-to-face banking in store, on the phone, online or via its mobile app. According to analysis from Which?, Yorkshire [...]
Please see below for a positive update for accepting extensions to driving licence expiry dates for Know Your Customer (KYC) purposes. As a result of new EU legislation, drivers who have a photo card driving licence due to expire between 1 February 2020 and 31 August 2020 have been granted a seven month extension [...]
In todays market first time buyers are finding it very challenging to find a mortgage with no deposit or a deposit of 5% or 10%. Buckinghamshire Building Society’s family assist mortgage offers up to a 40 year term and allows the applicant to borrow up to 100% of the purchase price. By taking a [...]
A problem shared is a problem halved – is shared ownership the answer for first-time buyers? Over the past couple of decades rising house prices have meant a need for larger deposits. In 1960, the average first-time buyer paid an average deposit of £595 on their first home (equivalent to around £12,738), whereas in [...]
We’d like to bring to your awareness that the Financial Conduct Authority (FCA) have announced additional guidance on payment holidays designed to help customers whose income continues to be impacted by the coronavirus pandemic. This will mean that: Customers can continue to apply for a payment holiday until 31st October 2020. Customers who have [...]
Time for some good news! Family Building Society have made some changes to their mortgage product range and their award winning 95% LTV Family Mortgage is back! All changes take effect from 24 June 2020. Please find further details here
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