Supporting you and your mortgage customers with payment holidays Following revised guidance from the FCA, we want to make sure that you and your customers remain fully informed around payment holidays, now also referred to as ‘payment deferrals’. Although no monthly payments will be due during the customer’s payment holiday, interest will continue to [...]
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: Coventry Building Society release 90% products TODAY till 8pm Monday; Common packaging issues to avoid unnecessary delays from HSBC; Virgin, Clydesdale and Accord [...]
Coventry for Intermediaries is launching a limited tranche of products at 90% loan-to-value (LTV). This move aims to manage its capacity to support the market while protecting its service levels and its wider proposition. Two 5-year fixed 90% LTV products for new business will be launched today (Friday 12 June) and close at 8pm Monday [...]
We're delighted to let you know that we've made an additional positive change to our criteria this week. With immediate effect we're re-introducing 70% LTV across our later life lending range, up to a maximum loan of £1m and property value of £2m. To find our new 70% LTV rates go to https://lnkd.in/dmdQD77
With so many things changing within the Mortgage Market is sometimes difficult to keep on top of the changes to criteria that mean you have more opportunity to offer a product to your clients. That's why we have introduced our COVID-19 Criteria Alert emails. As soon as anything changes we will send you a short bit [...]
Accord Mortgages is set to temporarily withdraw all products at 90% loan-to-value (LTV) as it looks to maintain service levels in the face of unprecedented demand. Since re-entering the market in mid-May, the intermediary lender has seen higher than expected volumes of applications, so to manage demand and reduce the impact to service, the current [...]
During these unprecedented times, you may have decided to use the time to brush up on extra skills. To help build your business profile, maybe you’ve looked to build or update your website. Or maybe broaden your market knowledge. Or maybe you’ve wanted to but don’t know where to start. Well, one improvement you should [...]
With the UK mortgage market beginning to open back up, the last 12 weeks have reinforced the importance of business resilience. While business hasn't necessarily stopped, many advisers have reflected on the changing needs of clients during this time and taken a refreshed look at their business models. Join the conversation this Thursday , as [...]
We are making some changes to our Residential and Buy to let mortgage ranges. Full details of the change including a new range of Pepper Light products, for clients with no CCJs will be communicated to you Wednesday 10th June at 9am. To secure one of our existing products, please ensure you have progressed any [...]
Virgin Money and Clydesdale Bank are the latest lenders to temporarily withdraw their 90% LTV ranges. The lenders, both owned by CYBG, have withdrawn all 90% LTV products for purchase, remortgage and new build to "protect the service for existing applications in our pipeline". Virgin and Clydesdale will continue to offer product transfer deals up [...]
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