We emailed to let you know last week that our approach to property valuations was changing. We have been working as quickly as we can to implement an alternative way of valuing without a home visit. Click here to find out more
In the current environment, valuers may not be able to carry out physical valuations, but FBS are pleased to confirm that they can now offer desktop valuations for houses of standard construction and type, which are wholly for residential/BTL purposes and where standard insurance conditions apply. For more information please visit their website or contact [...]
With the market changing rapidly, we thought it helpful to update you with a couple of key areas where Metro Bank can support your new and existing customers. Metro Bank highlights Residential lending up to 80% LTV – 75% for Buy to Let Maximum age 80 considered (mortgage term based on the oldest applicant) [...]
We can now issue further guidance in relation to the announcement from UK Finance regarding lenders extending mortgage offers by up to 3 months for those Customers impacted by Covid-19. Where customers are one month from their offer expiring and need an extension by up to 3 months you can contact us on their [...]
Criteria Products Register BDM team
We’ve made the decision to bring forward some planned changes to our Residential and BTL lending criteria. • From Wednesday 8th April we’re capping the amount of debt customers can consolidate when remortgaging to £50K or 10 debts. • We’re also temporarily reducing our maximum LTV for debt consolidation cases to 80% for Residential [...]
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: Skipton relaunch residential purchase mortgages up to 75% LTV; Nationwide Building Society release interest only product; Accord Mortgages extend range of 80% LTV [...]
The lender is now accepting remortgage applications up to a maximum loan to value (LTV) of 60 per cent. Borrowers require a minimum equity of £300,000 in London, £250,000 in the South East and £200,000 across the rest of the UK. Rates are the same as capital repayment, staring from 1.29 per cent. Repayment [...]
Automated Mortgage Valuations - AVMs To support customers, TSB is introducing desktop valuations in addition to Automated Mortgage Valuations (AVM’s) whilst it’s not possible for valuers to travel or gain access to properties. From today more properties will be valued remotely, without an internal or external inspection. This means some customers will get their [...]
Ian Wilson, head of Halifax Intermediaries, said: “Being there for our customers and intermediaries when they need us is our priority and we’re working hard through these unprecedented times to continue supporting the market. This next step helps provide greater choice for customers and we are proud of our colleagues for all the work [...]
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