TSB have today increased their stress test for Buy to Let customers who are taking 5 year (or higher) fixed rate products on either Purchases or Remortgages (as long as there is no additional borrowing) from 4.5% to 5.0%.
Skipton for intermediaries already provide a 9 month offer with a 3 month extension on New Build cases, and a 6 month offer with a 6 month extension on purchase and remortgage cases. They have said that they will now consider another three month extension to those stated above, subject to a reassessment of the [...]
Principality Building Society will automatically extend any Residential or Buy to Let Mortgage Offers for 3 months in line with the regulation. When you receive a new completion date, you need to contact them and they will review the file.
The Melton Building Society have announced that they are launching a new Desktop Valuation service with effect from Friday 17th April for both Residential and Buy to Let. They tell us that all products above 60% LTV prior to being withdrawn at the end of March will now be reinstated up to 90% LTV, [...]
As we continue to adapt to the impact coronavirus is having on our everyday lives, we want to reassure you that we’re still here for you and your clients during this time. We’ve made some changes to the way that we work and to our mortgage range and will continue to review these over [...]
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: Update from Metro Bank including resi lending up to 80%; NatWest provide guidance regarding extending mortgage offers by up to 3 months for [...]
New purchase product range now available and changes to affordability policy | View in browser New purchase product range now available To help us support more customers with a wider product range, we have increased the use of desktop valuations and can now offer selected purchase products. We have also expanded our LTVs across our [...]
As you know, following government restrictions introduced to prevent the spread of COVID-19, we at Precise Mortgages, have been busy working on solutions for you and your customers whilst physical property inspections remain unavailable. We’ve worked closely with our valuation panel partners and are pleased to confirm we’re now able to accept desktop valuations [...]
Valuation Process I am pleased to announce that are now able to complete desktop valuations for house purchase and remortgage (to include Buy to Let) for applications up to 70% LTV. Please be advised of the following conditions that will apply to this new process: A desktop valuation is not available for all property types, [...]
We hope you’re well and adjusting to these challenging times. With the constantly evolving situation, like many businesses we’re adapting and finding new ways of doing business with our brokers. To enable us to continue to provide the highest level of telephone and administrative support to you, we’ve taken the decision to reduce the [...]
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