On Monday 25 November 2019, we’re simplifying the assessment of retained properties and improving Introducer Internet for Buy to Let. Residential: retained properties Mortgaged let properties (already let/to be let) - We’ll apply a simpler calculation to work out if the property is self-financing. The rent needs to cover the higher of: 145% of the [...]

Buckinghamshire Building Society’s mortgage solutions have always been aimed at helping customers with complex incomes, diverse circumstances, or credit issues to purchase or remortgage their home. Our experienced underwriting team will always listen to the whole story and assess the personal circumstances of potential borrowers. This latest case demonstrates our ability to see the [...]

We understand every customer is different, so our criteria is designed to help as many of your customers as possible. Whether they’re 80 years old at application with no prior experience as a landlord, or a first time buyer at 21 – we’ve a range of Buy to Let Mortgages to help. Applications via personal ownership [...]

Whatever your case, our Relationship Partners are here for you. They’re policy experts who are ready to help you submit your case. We help by doing the hard bit upfront and letting you know what documentation is needed before it reaches our team of experienced mortgage underwriters. Once it’s in their hands, you’ll get [...]

At Metro Bank, we recognise that the self-employed work in different ways which is why we have a common-sense approach to assessing mortgage applications. Applicants are classed as self-employed if they own more than 25% of the shares in the business. Self-employed highlights Directors of Ltd Companies – an average of the last 2 [...]

Our Shared Ownership product, MFD335 2.99% fix for 2 years, has fulfilled the tranche. This product has now been withdrawn, if you could update your systems at your earliest convenience that would be appreciated. We have launched a replacement product as follows; MFD342: 2.99% Shared Ownership Fix for 2 Years (28 Feb 2022) Up [...]

Here’s a full list the changes with product codes in brackets: New Business Semi Exclusive Residential New Products 2 year fixed rate purchase [FO21208] 95% LTV, 2.98%, product fee £0, £500 cashback Rate Changes 2 year fixed rate purchase [FO21206] 90% LTV, decreasing by 19bps from 1.99% to 1.80%, product fee £995 [FO21207] 90% [...]

BVA BDRC's Landlord panel results Following on from our recently shared Rental Income and Tenant Demand reports, we reveal the next from our series of quarterly reports with further insight taken from the latest Landlord Panel research. Watch our short animated version of the Q3 2019 Buy to Let Barometer to discover: What percentage [...]

Lifetime mortgage application cycle STAGE 1 Applications received waiting to be worked             STAGE 2 Case checked and reviewed for approval (packaged for underwriters) STAGE 3 Case assessed by Underwriters for approval and set to offer STAGE 4 Offer approval to Offer issued General Post Benchmark SLA 1 2 3 1 3 Current SLA 1 [...]

We’re well aware of the need to keep you and your clients up to date at all times. That’s why, at each key stage of underwriting your application, we’ll call to let you know what’s what and follow it up with an email for good measure. This covers… When we’ve made our lending decision, [...]