Virgin Money accept mortgage applications from portfolio landlords. Their doors are open! Just follow these three simple steps: Three simple steps Complete your mortgage application as you normally would. Once you have an accepted Decision in Principle, use the BTL hub to upload details of your client’s property portfolio in seconds. They’ve partnered with eTech, [...]

What income do we accept? Our minimum income for both Older Borrowers and RIO mortgages is £17,500, with a maximum multiplier of 4.5x (joint or single) and is subject to the loan being affordable. Pension income: can be considered and evidence of this income must be provided by payslip/ annual statement. Income from property/ investments: can [...]

A summary of the key criteria for our new JBSP proposition is detailed below: Available across all residential products Maximum 2 borrowers/1 occupant# Parent (or other family member) can assist son/daughter – or son/daughter could assist parent/older relative Affordability calculation must cover household costs x two properties plus any additional mortgage/rental commitments Borrower not listed [...]

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: TSB introduce free standard valuations; Bluestone have reviewed their rates; Digital Mortgages are making changes to our product fees; Aldermore have updated their submission [...]

Time is running out for members of the armed forces to take advantage of the Forces Help to Buy scheme. Applications for the scheme, which is available to regular service men and women, must be submitted by 31st December 2018. The scheme was launched in 2014 to combat low levels of homeownership within the military. [...]

In Scotland, Bridging has become a more common tool – quite often used by investors to quickly snap up opportunities. So much so, lending in Scotland was the most performed bridging criteria search on the Knowledge Bank platform last month. Recently expressed as a region offering strong yields and capital gain, Northern England has also [...]

We are pleased to confirm we have introduced two new Buy to Let Portfolio Landlord products. What we have launched? 1.79% 2 Yr Fixed BTL Portfolio Landlord, £1,795 fee, 60% LTV, Min loan £35,000, Max loan £1,000,000 2.33% 5 Yr Fixed BTL Portfolio Landlord, £1,795 fee, 60% LTV, Min loan £35,000, Max loan £1,000,000 Important [...]

Hanley Intermediaries now offers standard Residential and Self-Build mortgages in Scotland. To celebrate our new venture, we are launching a Scotland-exclusive self-build mortgage; Scotland Advance Stage Payment: 5.25% Variable Mortgage LTV: Max 85% During Construction / Max 80% at Final Value upon Completion As this is a Scotland-exclusive, this is limited to mainland Scotland and [...]

Since entering the Intermediary mortgage market in October 2016, we’ve been listening to what you and your clients want from a specialist mortgage lender. As a result, Vida will be changing the way we handle your client's mortgage applications in order to provide you and your client the very best service. After listening to your [...]

We’ve improved the way we stress-test your clients for buy-to-let mortgages. Which means we say yes to more customers. Good news for you, and them. First, the interest rate stress on 5 year fixed products is now 5.00% We’ve lowered our interest rate stress for 5 year fixed rate products to 5.00%. For all other [...]