A spot of good news – you’re part of an industry that’s confident about its future prospects and is determined to continue supporting customers, despite the ongoing coronavirus crisis. We asked more than 200 of our brokers about their confidence levels for the next 12 months and what they’re doing to support their customers. They [...]
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: Accord, Ipswich Building Society & Virgin Money resume lending at 90% LTV; HSBC reduce rates across mortgage products; Aldermore, Metro Bank, Natwest, Precise [...]
Following the recent government announcement physical valuations are now allowed to be undertaken following strict guidelines to ensure the safety of valuers and the tenants. Please note that due to the restrictions that need to be implemented valuations will probably take up to 20 working days or longer dependent on property type. Any cases [...]
We are pleased to support the return of physical valuations and are introducing a new range of products with extended criteria to help you and your customers. Existing products will be withdrawn at 8pm on Monday 18th May. The new range of products will be available on our website from 8am on Tuesday 19th May. To secure [...]
As the housing market comes back to life we’ve good news for your BTL clients. From 8am Friday 22nd May we’re increasing our BTL LTV limit to 75% for remortgages and we’re also lending for BTL house purchase up to 75% LTV. First Time Landlords? We’re also making changes to how we lend to [...]
Following updated guidelines from the UK Government, we are pleased to confirm we are recommencing physical valuations as of Monday 18th May. This is for both Residential and Buy to Let applications for all building types in England where the occupier is comfortable to allow access, and the valuer confirms the property is safe [...]
Foundation are delighted to introduce their Broker Hub, to support you in this ever-changing market. Visit the Broker Hub to get business updates, industry opinions and tips to market your business. There is also the chance to take part in their “Running the roof” game and win an Amazon voucher. Check out the hub [...]
Coventry for intermediaries has introduced 85% LTV purchases and remortgages to its Owner Occupied range as well as reducing rates on a majority of products. BTL LTV’s have also been increased to 75% for purchases and remortgage, with rate cuts across the range. They have also made a number of criteria enhancements and improvements [...]
In response to the reopening of the housing market, and our ability to once again conduct physical valuations, we’re making some changes to our products to provide lending solutions for our brokers. We’ll be withdrawing our current buy to let and residential offering from 19th May 2020 and launching a new range of products [...]
Following Government announcements last week and the restart of physical valuations and property viewings in England, we’ve been working hard to offer a broader product range for you and your clients. And we’re delighted to let you know that from next week we will launch a wider range of products, supported by a mix of [...]
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