Our straight-up approach to mortgage underwriting means you and your clients always know where you stand. With upfront underwriting, we set clear expectations from the get-go. We’ll let you know our lending decision within 24 hours of receiving your application. And as long as the information you have declared at DIP stage is correct, [...]
We don’t see customers as numbers, they’re individuals with their own set of circumstances. That’s why we have the ability to judge each case on its merits. And we pride ourselves in our more rounded approach to credit assessment, looking at the applicant’s overall situation rather than just cold, hard numbers. Check out the [...]
With immediate effect we have increased the maximum LTV on land from 50% to 75%. The maximum final LTV, and the LTV as the works progress, remains unchanged at 75%. For more information please visit our website here, or contact your BDM.
Did you know you can get updates on the progress of your application on the Case Update screen on NFI Online? This includes a summary of the case requirements, the DIP, valuation, offer and the solicitor's information. You can also view the history of the case and access documents on this screen. Track my [...]
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: Metro Bank revolutionise mortgages to create fans not customers; Ipswich Building Society's common sense approach to self employed mortgages; TSB announce changes to [...]
In continued support of the Armed Forces, Metro Bank is now accepting Forces Help to Buy (FHTB) as a source of deposit for residential capital repayment applications. What is the process? You will need to submit the mortgage application as normal however when you come to the loan details, you will need to select [...]
Here at LV= we are committed to helping advisers help their clients. This winter we want to encourage advisers to share with us meaningful stories where they’ve recommended a lifetime mortgage which has completely transformed their client’s later life experience. If you have a case study which tells a fascinating story and you have [...]
The thoughts that an average buy-to-let (BTL) investor is someone who wanted to get a better return on investment (ROI) by trying BTL with one or two properties, has undergone a radical change in the past eighteen months. Tax changes and affordability testing have changed the landscape. The easier pickings in terms of yield [...]
Virgin Money have deals available up to 80% LTV for both purchase and remortgage applications, and up to 75% LTV for portfolio landlord applications. So there’ll be something for everyone in their buy-to-let product range. To find out more, visit the website, talk to your dedicated Business Development Manager or contact your Regional Service [...]
A recent IMLA’s study: ‘Last-Time Buyers: the challenges and opportunities for 55+ homeowners wanting to move’, found that nearly 200,000 owner occupier housing transactions in England are now made by the over-55s, or so-called last-time buyers (LTBs). At Buckinghamshire Building Society we have long been a lender that supports older borrowers offering a range [...]
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