She has been a working IT consultant for a number of years, and started to contract for the past six months. She is currently six months into a nine month contract, with work lined up for the later part of the year. Miss D is looking for a lender who would use the contract value [...]

For all self-employed income evidence, the most recent year-end must not be more than 18 months before the date of the application. This means for applications submitted from Saturday 6 October, the evidence of the most recent year-end can’t be for the 2016/2017 tax year and we’d need more up-to-date income evidence. For more information [...]

Clydesdale Bank has announced rate cuts of up to 20bps across its residential and buy-to-let products. Residential two year fixed rates at 90% LTV are now available from 1.89% and from 2.29% for mortgages over £500,000. The Bank has also cut rates on its new Professional range - for those who have become fully qualified [...]

Changes to our Variable Reference Rates How does it affect you and your clients? Following the Bank of England decision to increase the Base Rate, we're making changes to our variable mortgage ranges. Our rates will change We'll be increasing all variable mortgage rates by 0.25% with effect from 1 October. From 1 October our Residential Standard [...]

Read how specialist lender Together helped Midlands buy-to-let millionaire Suki Barham to grow his property empire. Using a combination of bridging loans and portfolio mortgages, he’s gone from a single £40,000 flat, to more than 200 rental properties scattered across England. Read More For more information on how Together call help your clients call 0333 [...]

With more customers exploring the opportunities offered by HMO properties, our fantastic range of HMO mortgages could help them develop their buy to let business.  Up to 8 bedrooms and 2+ kitchens considered No HMO experience required (12 months’ buy to let experience required) Student lets allowed (one or multiple ASTS, plus locks on doors [...]

We have made some changes to the below products: Residential No footprint on DIPs Interest Only – including sale of property – no minimum income Bonus, Overtime & Comm increased to 60% as standard of latest year ( can consider using more if  a track record) Debts ignored from affordability if being repaid Range of [...]

We’ll now accept even more types of pre and post retirement income when it comes to our affordability based mortgages: 55+, 55+ RIO and Retirement Mortgage. Puting you and your clients at the heart of everything we do is really important to us. You asked for more acceptable income types in relation to our affordability [...]

On Monday 8th October, Halifax are making the following changes to the product range: New products - Homemover and First time buyer FAX445, FAX446, FAX460, FAX412, FAX413, FAX427 Withdrawn Products from close of business 6th October 2018: FAX060, FAX061, FAX072, FAX066, FAX067, FAX078 To secure existing product codes, please submit mortgage applications in full by [...]

Chorley Building Society has improved our Help to Buy mortgage product, including reducing the scheme fee and increasing the discount reduction. The 0.75% scheme fee has also been replaced with a fixed fee of £999. The Product term has reduced from 3 years to 2 years and the current discount has increased from 3.00% to [...]