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 The lenders, both owned by CYBG, have withdrawn all 90% LTV products for purchase, remortgage and new build to "protect the service for existing applications in our pipeline".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 [...]
In line with the wider industry, Metro Bank customers impacted by Coronavirus will be able to apply for a mortgage payment holiday of up to 3 months until 31 October 2020. They can do this by visiting www.metrobankonline.co.uk/mortgages/ and applying online. If your customer is looking to extend their payment holiday for a further 3 [...]
Buckinghamshire Building Society has launched a new, simplified product range using physical valuations which is in addition to its AVM products. These new products offer competitive rates with: up to 80% LTV for prime lending up to 75% LTV for retirement up to 70% for BTL up to 70% for non standard up to 60% [...]
Phase one of the new virtual on-site lender underwriter service from 3mc has been launched. The new service enables 3mc team members to use Zoom or Microsoft Teams to discuss new enquiries and applications in progress, directly with a virtual lender underwriter. Phase two will see the addition of more lenders offering this service via [...]
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: Precise Mortgages update their approach to furloughed income; Santander has increased its maximum loan amount from £1m to £3m; TSB has expanded their [...]
Buckinghamshire Building Society has listened to broker feedback and reduced our minimum loan size from £50,000 to £25,000 on our new range of desktop (AVM) products. Coupled with our manual underwriting this will enable us to help even more of your clients whose circumstances may not fit the traditional mould. These products offer up [...]
Please be advised we are making changes across our Residential, Buy to Let and Reward ranges effective from Tuesday 2nd June, 2020. Key Changes Following the introduction of desktop valuations, coupled with the return of physical ones, we are pleased to confirm the following product changes to support the purchase market: Introducing new 60% [...]
Welcome to 3mcView, your new broker portal. You will be able to track all your cases from simple enquiries all the way through to completed applications via 3mcView. With 24/7 access allowing you to check the status of your case whenever you want and from wherever you are. Key Features Include: - Online enquiry [...]
With so many things changing quickly within the mortgage market, it’s 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 [...]
SUPPORTING YOUR BUSINESS Metro Bank are fully committed to the intermediary market with nationwide field and telephone BDM coverage across England, Scotland and Wales and a UK based Broker Helpdesk who are there to support you and your business. Calls to the Broker Helpdesk answered within 30 seconds. Reasons to use Metro Bank [...]
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