Service Update – 24 June 2020 We’re really pleased about our recent increase up to 85% LTV in the Residential market. And it seems you are too! We’ve seen a large increase in applications recently, but we’ll always aim to provide an efficient and helpful service. The majority of our teams are still working [...]

The products are aimed at borrowers who have less than straightforward requirements. Read more

From Monday 22 June 2020 Platform’s Help to Buy mortgage range will be available to brokers. 85% LTV mortgages are also being reintroduced for those looking for a mortgage in England. All fixed rate mortgages for house purchases will be reduced from Monday 22 June by up to 0.20 percentage points Platform, the intermediary [...]

At 8pm on Thursday 25 June we will amend the following Core products: • Selected 85% LTV Residential rates will be increased by 0.05% • Selected BTL 60% and 75% LTV rates will be increased by up to 0.10% • Selected Portfolio BTL 60% and 75% LTV rates will be increased by up to [...]

Check out our portfolio landlord products with reduced completion fees, no application fee for multiple applications and rates starting at 3.39 per cent Initial rates from 39%, £0 application fee and reduced completion fees from 1.25% We've recently lifted the cap on the number of properties in a portfolio and given landlords up to [...]

NEW Later Life Products Marsden Building Society are experts in later life lending and have just launched a range of new products for their Older Borrower and Retirement Interest Only (RIO) ranges. From 23 June, their later life portfolio includes; Older Borrower A set of conventional mortgage products for those aged 55 and above [...]

We're now able to accept additional securities on our bridging applications, where the additional property meets the following criteria: Minimum property value is £75k Maximum property value is £750k Maximum 50% LTV To find out more, speak with your Business Development Manager or call our dedicated support [...]

Great news! We've recently updated our affordability calculator and widened some of our lending policy. What’s new? We’ll now accept 50% of overtime, shift allowance and commission (not bonus payments) for affordability purposes. Your client will need to show they’ve received this income consistently over the last 3 [...]

Here is an update in relation to how Hanley Economic will be processing cases moving forward, in light of the impact of Coivd-19. Below is a simple document which outlines the main changes that include furloughed workers, self-employed and changes to use overtime / bonus / commission for all applicants moving forward. We have [...]

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: HSBC provide new mortgage payment holidays update; Foundation Home Loans launch new residential rates; Monmouthshire Building Society re-enters residential 90% LTV market. [...]